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Recovery Testing Into Key Near Term.....>

CABLE TECHS
CABLE TECHS: Recovery Testing Into Key Near Term Resistance From $1.3305
*RES 4: $1.3380 Hourly congestion May 23-25
*RES 3: $1.3342 May 28 high
*RES 2: $1.3326 May 29 high 
*RES 1: $1.3305/08 May 23 low, intraday high
*PRICE: $1.3295 @1550GMT
*SUP 1: $1.3230/40 Hourly support
*SUP 2: $1.3204 May 29 low
*SUP 3: $1.3152 76.4% Fibo of $1.3027-$1.4377
*SUP 4: $1.3110 2% volatility band
*COMMENTARY* Lower again Tuesday, support now located between $1.3230 and then
that day's $1.3204 low. Below and the 76.4% Fibo retrace level at $1.3152 then
protects the lower 2% volatility band, at $1.3110 by time today. Resistance
currently from around last Wednesday's $1.3305 base. Continued failure here will
see pressure return. Maintained break above $1.3305 and congested
$1.3326-$1.3380 then the constraint to further gains.

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