Recovery Falters, $1.3796 Now Key.......>

CABLE TECHS: Recovery Falters, $1.3796 Now Key Near Term Support

*RES 4: $1.4056/67 50% Fibo of $1.4346-$1.3765, Feb 8 high

*RES 3: $1.3980/88 Jan 30 low, Feb 9 high

*RES 2: $1.3921/25 Intraday, Feb 13 highs

*RES 1: $1.3885/95 Hourly resistance

*PRICE: $1.3836 @1448GMT

*SUP 1: $1.3796 Feb 12 low

*SUP 2: $1.3765 Feb 9 low

*SUP 3: $1.3693 1.618 swing $1.3836-$1.4067

*SUP 4: $1.3668/70 76.4% of $1.3458-$1.4346, 2% vol band

*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 likely beholden to a $1.3925-$1.3988 break. Support from

$1.3845-$1.3834 has subsequently given way. Loss of $1.3796 however, would

caution again, the $1.3693-$1.3668 area then the next target below $1.3765.