Recovery Has $1.4185 In Way Of Return...>

CABLE TECHS: Recovery Has $1.4185 In Way Of Return To Thursday's High

*RES 4: $1.4296/09 2% vol band, 1.618 swing $1.4220-$1.4076

*RES 3: $1.4279 Feb 1, Feb 2 highs

*RES 2: $1.4220 Mar 22 high

*RES 1: $1.4185 Mar 22 hourly highs

*PRICE: $1.4146 @1615GMT

*SUP 1: $1.4115/25 Hourly support

*SUP 2: $1.4076 Mar 22 low

*SUP 3: $1.4018/20 Hourly base Mar 19, initial high Mar 20

*SUP 4: $1.3983 Mar 20 low

*COMMENTARY* Recovered well from Tuesday's drop to $1.3983. Thursday's rally

surpassed the 3 week bull channel top and also the next level of note, the 76.4%

Fibo retrace level both at $1.4195. A high of $1.4220 before running into some

near term heavily overbought conditions. As a result, have seen a fall to

$1.4076 before reviving again, now looking at $1.4185 for potential resistance,

ahead of $1.4220 again. Support moves up to $1.4125-$1.4115.