Recovery Hopes Would Be Boosted By......>

CABLE TECHS: Recovery Hopes Would Be Boosted By $1.3437 Break

*RES 4: $1.3550/65 Dec 1 high, projection target from $1.3062

*RES 3: $1.3495/05 Hourly congestion area Nov 30-Dec 4

*RES 2: $1.3461/70 Hourly high Dec 5, congestion Dec 4-5

*RES 1: $1.3425/37 Hourly resistance, Dec 6 high

*PRICE: $1.3428 @1655GMT

*SUP 1: $1.3375/85 Hourly support

*SUP 2: $1.3348 Initial intraday recovery high, now support

*SUP 3: $1.3314/20 1.618 swing of $1.3370-$1.3461. i'day low

*SUP 4: $1.3299 76.4% Fibo of $1.3221-$1.3550

*COMMENTARY* Continued to push lower earlier on, after the $1.3370-74 area gave

way on Wednesday, it was the turn of  $1.3345-$1.3338 today. Finally found a

base at $1.3320, just above the swing target at $1.3314 and the 76.4% Fibo

retrace at $1.3299. The subsequent recovery has been relatively quick but now

needs to deal with $1.3425-$1.3437 resistance. Any hopes of a recovery would

receive a boost with a move back above here, $1.3461-$1.3505 then higher.