Recovery So Far Lacking Enthusiasm As...>

CABLE TECHS: Recovery So Far Lacking Enthusiasm As $1.3348 Caps On Thursday

*RES 4: $1.3460/70 May 10 low, 61.8% $1.3618-$1.3204, 1% vol

*RES 3: $1.3411/22 50% of $1.3618-$1.3204, May 24 high

*RES 2: $1.3342/48 May 28, May 31 highs

*RES 1: $1.3315/25 Hourly resistance

*PRICE: $1.3289 @0833GMT

*SUP 1: $1.3235/40 Hourly support

*SUP 2: $1.3204 May 29 low, 1% volatility band

*SUP 3: $1.3152 76.4% Fibo of $1.3027-$1.4377

*SUP 4: $1.3115 1.618 swing of $1.3204-$1.3348

*COMMENTARY* Didn't lose as much ground as others Monday, holding on to $1.3204

support. The subsequent recovery has been relatively slow however, taking a

while to deal with $1.3299-$1.3305 resistance. Has moved above but has yet to

show any real flourish. $1.3348 has capped the rise so far, above would open up

$1.3411-$1.3470 potential. Meanwhile, $1.3240-$1.3235 provides protection to

$1.3204, with loss of the latter suggesting scope for $1.3152-$1.3115 below.