Swing Target And Hourly Support From....>

CABLE TECHS: Swing Target And Hourly Support From $1.4008-$1.4005 Next

*RES 4: $1.4195/00 Congestion area Apr 18-19

*RES 3: $1.4161 Hourly base Apr 19, now resistance

*RES 2: $1.4088/00 Intraday high, hourly high Apr 19

*RES 1: $1.4065 Hourly resistance

*PRICE: $1.4025 @1408GMT

*SUP 1: $1.4005/08 Hourly support, 1.618 swing $1.4036-$1.4082

*SUP 2: $1.3966 Apr 5 low, 61.8% of $1.3712-$1.4377

*SUP 3: $1.3930 Mar 6 high, now support

*SUP 4: $1.3908 2% volatility band

*COMMENTARY* The loss of $1.4160-$1.4120 late in the day on Thursday, the

catalyst for a drop toward the next $1.4068-$1.4063 support area. This has been

breached today, leaving behind the 8 week support line at $1.4078 and the lower

1% volatility band at $1.4052, as we headed towards the equality fall target at

$1.4030. Failure then beneath $1.4088-$1.4100 sees $1.4008-$1.4005 potential

ahead of $1.3966. Nearest resistance $1.4065-$1.4088, then $1.4100.