Recovery Arrives At $1.3252-$1.3259.....>

CABLE TECHS: Recovery Arrives At $1.3252-$1.3259 Resistance

*RES 4: $1.3330 1% volatility band

*RES 3: $1.3315 Jun 22 high

*RES 2: $1.3288 1.618 swing of $1.3214-$1.3095

*RES 1: $1.3252/59 76.4% $1.3315-$1.3050, equality rise tgt

*PRICE: $1.3242 @0750GMT

*SUP 1: $1.3190/00 Hourly support

*SUP 2: $1.3171 Jul 4 low

*SUP 3: $1.3135/55 Congestion area Jul 2-Jul 3

*SUP 4: $1.3095 Jul 2 low

*COMMENTARY* Monday's hold of $1.3095 support kept near term momentum with the

topside. The subsequent move above $1.3185 has allowed the chance to extend

gains into $1.3252-$1.3259 resistance. The latter is the equality rise target

from $1.3095 to the prior $1.3050-$1.3214 move. Support comes from

$1.3200-$1.3190 and then yesterday's $1.3177 low. Would anticipate the latter to

hold if gains are to continue. Above $1.3259 and $1.3288-$1.3315 next.