Still Manoeuvring Within Recent Range...>

CABLE TECHS: Still Manoeuvring Within Recent Range

*RES 4: $1.3255/70 76.4% of $1.3322-$1.3039, 1% vol band

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

*RES 2: $1.3214 Nov 15 high, Initial low Nov 10

*RES 1: $1.3190/95 Hourly resistance

*PRICE: $1.3170 @0540GMT

*SUP 1: $1.3100/10 Hourly support

*SUP 2: $1.3062 Nov 13 low

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

*SUP 4: $1.3011 1% volatility band

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

recovery from within the recent range. Has subsequently moved through $1.3188,

the 76.4% Fibo retrace of the previous $1.3230-$1.3062 fall but has yet to

challenge more important resistance between $1.3230-$1.3255. Will need back

above the latter to swing overall bias back to the topside. In the meantime,

support comes from $1.3110-$1.3100 and then we are back to $1.3062 again.