Recovery Continues To Falter Below......>

CABLE TECHS: Recovery Continues To Falter Below $1.3925 Resistance

*RES 4: $1.4091 1% volatility band

*RES 3: $1.4056/67 50% Fibo of $1.4346-$1.3765, Feb 8 high

*RES 2: $1.3980/88 Jan 30 low, Feb 9 high

*RES 1: $1.3921/25 Intraday, Feb 13 highs

*PRICE: $1.3861 @0944GMT

*SUP 1: $1.3834/45 Feb 13 low, hourly support

*SUP 2: $1.3796 Feb 12 low

*SUP 3: $1.3765 Feb 9 low

*SUP 4: $1.3693 1.618 swing $1.3836-$1.4067

*COMMENTARY* The correction of the recent $1.3458-$1.4346 gains, saw a low of

$1.3765 on Friday, just below the 61.8% retrace at $1.3797. In the interim, the

subsequent recovery has surpassed initial $1.3880-$1.3902 resistance but any

further progress is now likely beholden to a $1.3925-$1.3988 break. Support

comes from $1.3845 and then Tuesday's $1.3834 low. Loss of $1.3796 however,

would caution again, the swing target at $1.3693 the next target below $1.3765.