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Reaches Toward Next $1.3374-$1.3384.....>

CABLE TECHS
CABLE TECHS: Reaches Toward Next $1.3374-$1.3384 Resistance Area
*RES 4: $1.3510/17 76.4% $1.3659-$1.3027, 2% volatility band
*RES 3: $1.3456 Sep 28 high
*RES 2: $1.3418 61.8% Fibo of $1.3659-$1.3027
*RES 1: $1.3374/84 1.618 swing $1.3338-$1.3279, 1% vol band
*PRICE: $1.3343 @1640GMT
*SUP 1: $1.3300/10 Hourly support
*SUP 2: $1.3279/80 Nov 24 low, Nov 20 high
*SUP 3: $1.3245 Congestion area Nov 20-22
*SUP 4: $1.3213 Nov 22 low
*COMMENTARY* Has broken above the top of the recent range and $1.3338-$1.3343
resistance area. This sees $1.3374-$1.3384 as the next target area, a swing of
the recent $1.3338-$1.3279 fall, as well as the current level of the upper 1%
volatility band. in the meantime, $1.3310-$1.3300 provides initial support, with
$1.3279-80 of more importance below. Loss would spoil recent upward momentum.
Through $1.3384 and the 61.8% Fibo retrace at $1.3418 is next on the list.

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