Still Await A Test To The...............>

CABLE TECHS: Still Await A Test To The $1.2929-$1.2920 Region

*RES 4: $1.3145/50 Hourly congestion Aug 3-4

*RES 3: $1.3112 Aug 3 low, now resistance

*RES 2: $1.3059 Aug 7 high

*RES 1: $1.3029 Intraday high

*PRICE: $1.2998 @1608GMT

*SUP 1: $1.2953 Aug 8 low

*SUP 2: $1.2920/29 76.4% $1.2812-$1.3269, 50% $1.2589-$1.3269

*SUP 3: $1.2906 1.618 swing of $1.2953-$1.3029

*SUP 4: $1.2844/49 2% vol band, 61.8% Fibo of $1.2589-$1.3269

*COMMENTARY* Resistance from $1.3059 and then $1.3029 this week, has seen

downside pressure resume. A low of $1.2953 so far, ahead of what looks a

stronger area between $1.2929-$1.2920. This a combination of two Fibo retrace

levels, the 50% of the rise from $1.2589 and perhaps slightly more importantly,

the 76.4% of the rise from $1.2812. Below here can allow an overshoot around

$1.2906 but any lower and $1.2844-49 comes into view.