Recovery Reaches Pivotal................>

CABLE TECHS: Recovery Reaches Pivotal $1.3460-$1.3470 Area

*RES 4: $1.3550 Dec 1 high, 1% volatility band

*RES 3: $1.3521 Dec 8 high

*RES 2: $1.3492 76.4% Fibo of $1.3550-$1.3303

*RES 1: $1.3460/70 Pivotal highs/lows early December

*PRICE: $1.3422 @1045GMT

*SUP 1: $1.3395/00 Hourly support

*SUP 2: $1.3375 Hourly base Dec 13

*SUP 3: $1.3340/45 Hourly congestion area Dec 13

*SUP 4: $1.3298/03 76.4% of $1.3221-$1.3549, Dec 12 low

*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

likely needing a further move through $1.3492 before being in a position to

revisit $1.3521-$1.3550. Nearest support meanwhile, rises to $1.3400-$1.3375.