Sustained $1.3165 Break Needed To.......>

CABLE TECHS: Sustained $1.3165 Break Needed To Increase Correction Hopes

*RES 4: $1.3240/45 Congestion area Oct 16-17

*RES 3: $1.3228/29 Intraday, Oct 19 highs

*RES 2: $1.3204 Intraday hourly recovery high

*RES 1: $1.3165 Hourly resistance

*PRICE: $1.3160 @0840GMT

*SUP 1: $1.3088 Oct 20 low

*SUP 2: $1.3070 1% volatility band

*SUP 3: $1.3027/30 Oct 6 low, Jun 30 high

*SUP 4: $1.3001 1.618 swing of $1.3088-$1.3228

*COMMENTARY* Rallies have been shallow so far this week, currently needing to

sustain a move back above 1.3165, before the chance of a better correction of

losses from the the Oct 19 high at $1.3229. This would allow a higher $1.3204

rise next, back above the latter would once again bring the $1.3228-$1.3229

region back into focus. Beneath the day's $1.3110 low, the Oct 20 low at $1.3088

is the protection to the lower 1% volatility band and perhaps $1.3030-$1.3001.