Recovery Crumbles After Pivotal.........>

CABLE TECHS: Recovery Crumbles After Pivotal $1.3460-70 Caps Rise

*RES 4: $1.3492 76.4% Fibo of $1.3550-$1.3303

*RES 3: $1.3460/70 Pivotal highs/lows early December

*RES 2: $1.3420/30 Hourly congestion Dec 14-15

*RES 1: $1.3380/90 Hourly resistance

*PRICE: $1.3330 @1440GMT

*SUP 1: $1.3298/03 76.4% of $1.3221-$1.3549, Dec 12 low

*SUP 2: $1.3265 1% volatility band

*SUP 3: $1.3221/27 Nov 28 low, 61.8% of $1.3027-$1.3550, 

*SUP 4: $1.3202 1.618 swing of $1.3303-$1.3467

*COMMENTARY* Support from above the 76.4% Fibo retrace level at $1.3298 remained

intact over the early part of the week. A low of $1.3303 on Tuesday, before

finding the ability to rally back above $1.3381-$1.3408 late on Wednesday. This

has subsequently seen a rise back into the pivotal $1.3460-$1.3470 area but

unable to find the strength for a move through $1.3492. The subsequent loss of

$1.3395-$1.3375 leaves the downside and that $1.3303-$1.3298 vulnerable again.