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Slip Finding Support Above Key..........>

CABLE TECHS: Slip Finding Support Above Key $1.3763-$1.3756 Area
*RES 4: $1.3928/30 Feb 26 low, Mar 6 high
*RES 3: $1.3910/13 Mar 8, Mar 7 highs
*RES 2: $1.3895 Hourly congestion area Mar 6-Mar 8
*RES 1: $1.3846/53 Mar 7 low, initial base Mar 8
*PRICE: $1.3803 @1005GMT
*SUP 1: $1.3782/90 Mar 8 low, hourly congestion Mar 2-Mar 5
*SUP 2: $1.3756/63 Mar 2 low, 76.4% Fibo of $1.3712-$1.3930
*SUP 3: $1.3707/12 1% volatility band, Mar 1 low
*SUP 4: $1.3668 76.4% Fibo of $1.3458-$1.4346
*COMMENTARY* Was unable to penetrate the $1.3928-$1.3930 resistance area and has
bowed to some near term pressure from overbought hourly conditions. This has
seen both $1.3847 and $1.3817 support give way. The fall has however remained
above $1.3763-$1.3756 so far. Loss of the latter would concern and suggest scope
for a deeper correction with $1.3712-$1.3668 then in the firing line. Meanwhile,
back above $1.3853 would alleviate immediate pressure, $1.3895-$1.3913 above.

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