Slips After Failure To Deal With........>

CABLE TECHS: Slips After Failure To Deal With $1.3928-$1.3930

*RES 4: $1.4009 1% volatility band

*RES 3: $1.3997 Feb 27 high

*RES 2: $1.3954/65 38.2% $1.4346-$1.3712, 5 week res line 

*RES 1: $1.3928/30 Feb 26 low, Mar 6 high

*PRICE: $1.3879 @0945GMT

*SUP 1: $1.3847 76.4% Fibo of $1.3817-$1.3930, Mar 7 low

*SUP 2: $1.3817 Mar 6 low

*SUP 3: $1.3790/95 Hourly congestion Mar 2-Mar 5

*SUP 4: $1.3756 Mar 2 low

*COMMENTARY* Unable to penetrate the $1.3928-$1.3930 resistance area and has

bowed to some near term pressure from overbought hourly conditions. This has so

far resulted in a dip to the 76.4% Fibo retrace at $1.3847. This of the most

recent rise from $1.3817. The latter and then $1.3790 then provide the next area

of support on any slip lower but the Mar 2 low at $1.3756 is of more importance.

Above $1.3930 and congested $1.3954-$1.4009 resistance awaits higher.