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Rally Tests Upper 1% Volatility Band....>

CABLE TECHS
CABLE TECHS: Rally Tests Upper 1% Volatility Band
*RES 4: $1.3570 May 17 high
*RES 3: $1.3520 76.4% Fibo of $1.3618-$1.3204
*RES 2: $1.3481/87 23.6% Fibo of $1.4377-$1.3204, May 4 low
*RES 1: $1.3474 1% volatility band
*PRICE: $1.3456 @0830GMT
*SUP 1: $1.3415/25 Hourly support
*SUP 2: $1.3397/99 Jun 4 high, Jun 6 low
*SUP 3: $1.3362 Jun 1 high, now support
*SUP 4: $1.3333 Initial rally high Jun 5, now support
*COMMENTARY* Rally has moved through $1.3440-$1.3465 resistance today, coming to
rest at the upper 1% volatility band and just below the next levels of note
between $1.3481-$1.3487. Some near term overbought conditions are in need of
some correction, so look for support initially from above $1.3425-$1.3415. Only
back below $1.3397 will concern at present. Maintained break above $1.3487 will
test the resolve of the 76.4% Fibo retrace level at $1.3520 next.

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