Rally Still Has An Eye On Last Year's...>

CABLE TECHS: Rally Still Has An Eye On Last Year's High

*RES 4: $1.3724 2% volatility band 

*RES 3: $1.3698 3 month bull channel top projection

*RES 2: $1.3659 Sep 20 high

*RES 1: $1.3613 Intraday high

*PRICE: $1.3587 @0935GMT

*SUP 1: $1.3540/44 Hourly support, Dec 29 high

*SUP 2: $1.3522 Initial rally high Jan 1, now support

*SUP 3: $1.3495 Hourly base Dec 29

*SUP 4: $1.3457/67 Dec 28, Dec 14 highs, now support

*COMMENTARY* The rally surpassed the upper 1% volatility band on Tuesday, at

$1.3589 by time today, a high of $1.3613 so far, as we line up a potential

challenge to last year's $1.3659 peak. In the interim, support moves up to

$1.3544-$1.3522, loss of the latter would caution but currently requiring a loss

of the lower $1.3495 level, before belief in any deeper correction will surface.

Above $1.3659 and the 3 month bull channel top at $1.3698 is next attraction.