Rally Threatening To Break Clear Of.....>

CABLE TECHS: Rally Threatening To Break Clear Of $1.3245-$1.3253 Area

*RES 4: $1.3388 2% volatility band

*RES 3: $1.3332 1.618 swing of $1.3048-$1.2589

*RES 2: $1.3322 8 month bull channel top projection

*RES 1: $1.3253/69 Equality rise from $1.2812, intraday high

*PRICE: $1.3252 @0900GMT

*SUP 1: $1.3189/04 Aug 2 low, hourly support

*SUP 2: $1.3152/59 Jul 28, Jul 27 highs, now support

*SUP 3: $1.3120 Hourly congestion area Jul 31 

*SUP 4: $1.3097 Jul 31 low

*COMMENTARY* Broke above 1.3184 resistance on Monday, and now threatening to

clear the next target area from between $1.3245-$1.3253. This a combination of a

recent swing target and an equality rise move from the Jul 12 low at $1.2812. As

a consequence, support also on the rise, $1.3204-$1.3189 is the initial

protection ahead of two recent highs between $1.3159-$1.3152. Sustained break of

$1.3253 and currently not a lot showing ahead of the $1.3322-$1.3332 region.