Risk Still Lower While $1.3585-86.......>

CABLE TECHS: Risk Still Lower While $1.3585-86 Caps Rallies

*RES 4: $1.3729 3 month bull channel top projection

*RES 3: $1.3659/66 Sep 20 high, 1% volatility band

*RES 2: $1.3613 Jan 3 high

*RES 1: $1.3585/86 Hourly resistance, Jan 8 high

*PRICE: $1.3516 @0926GMT

*SUP 1: $1.3506 Jan 9 low

*SUP 2: $1.3494/95 Jan 3 low, hourly base Dec 29

*SUP 3: $1.3457/67 Dec 28, Dec 14 highs, now support

*SUP 4: $1.3419/21 Dec 18, Dec 20 highs, now support

*COMMENTARY* Support found around $1.3495 last week, $1.3506 this, so far

keeping the focus away from the Dec 14 high at $1.3467, above which any setback

should really hold now, if near term upside momentum is to be retained. In this

respect, attention now switches back to $1.3585 initially, back above here is

required before immediate bias can return to the Jan 3 high at $1.3613 and a

better attempt to reach and test last year's $1.3659 high.