Still Manoeuvring Within Recent Range...>

CABLE TECHS: Still Manoeuvring Within Recent Range

*RES 4: $1.3255 76.4% of $1.3322-$1.3039, 1% vol band

*RES 3: $1.3230/40 Nov 10 high, Nov 1 low

*RES 2: $1.3188/89 Nov 14 high, Initial low Nov 10

*RES 1: $1.3165/70 Hourly resistance

*PRICE: $1.3143 @0525GMT

*SUP 1: $1.3095/05 Hourly support

*SUP 2: $1.3062 Nov 13 low

*SUP 3: $1.3027/39 Oct 6, Nov 3 lows

*SUP 4: $1.3005 1% volatility band

*COMMENTARY* Held support from above $1.3062 on Tuesday, thereby allowing some

recovery from within the recent range. a high of $1.3188 on the day, basically

in line with a 76.4% Fibo retrace of the previous $1.3230-$1.3062 fall. Will

need back above here, before the chance of chasing down that $1.3230 level and

then the more important $1.3255. In the meantime, support comes from

$1.3105-$1.3095 and then we are back to $1.3062 again.