Some Respite After Decline Retests......>

CABLE TECHS: Some Respite After Decline Retests The Mid December Lows

*RES 4: $1.3528 May 18 high

*RES 3: $1.3487/92 May 4 low, May 22 high 

*RES 2: $1.3443/48 May 23 high, 76.4% of $1.3492-$1.3305  

*RES 1: $1.3414/21 Initial low May 22, 61.8% $1.3492-$1.3305

*PRICE: $1.3398 @0853GMT

*SUP 1: $1.3330/40 Hourly support

*SUP 2: $1.3302/05 Dec 15, Dec 12 and May 23 lows

*SUP 3: $1.3269 Aug 3 high, now support

*SUP 4: $1.3221/33 Nov 28 low, 1.618 swing $1.3305-$1.3421

*COMMENTARY* Failure to deal with $1.3490-$1.3500 resistance on Tuesday put the

downside under pressure again. With the subsequent loss of $1.3386 support,

Wednesday also saw the 76.4% Fibo retrace level at $1.3346 and the swing target

at $1.3329 give way. This sees the mid December lows at $1.3303-$1.3302 as next

protection lower. Resistance from Tuesday's $1.3391 low has been broken but

$1.3414-$1.3448 a tougher area above. Loss of $1.3340-$1.3330 would concern.