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Recovery Continues, $1.4124-$1.4158.....>

CABLE TECHS
CABLE TECHS: Recovery Continues, $1.4124-$1.4158 Next Potential Targets
*RES 4: $1.4209 76.4% Fibo of $1.4346-$1.3765
*RES 3: $1.4151/58 Feb 5 high, 76.4% of $1.4279-$1.3765
*RES 2: $1.4124 61.8% Fibo of $1.4346-$1.3765
*RES 1: $1.4100 Intraday high
*PRICE: $1.4065 @1615GMT
*SUP 1: $1.4020/25 Hourly support
*SUP 2: $1.3973 Hourly high Feb 14, now support
*SUP 3: $1.3921/25 Initial high Feb 14, Feb 13 high
*SUP 4: $1.3875 Congestion area Feb 12-Feb 14
*COMMENTARY* Key near term support at $1.3796 held a steep pullback on
Wednesday, before launching into an immediate recovery. This has seen further
resistance from the $1.4056-$1.4086 area breached today, leaving scope to see
$1.4124-$1.4158 next. In the interim, support rises to $1.4025-$1.4020, loss
would suggest some near term correction is required, $1.3973-$1.3921 then
waiting below. 

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