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Thursday's $1.3112 Low Remains..........>

CABLE TECHS
CABLE TECHS: Thursday's $1.3112 Low Remains Pivotal To Intraday Direction
*RES 4: $1.3208 Initial low Aug 3, now resistance
*RES 3: $1.3165 Aug 4 high
*RES 2: $1.3112 Aug 3 low, now resistance
*RES 1: $1.3085/95 Hourly resistance
*PRICE: $1.3041 @0847GMT
*SUP 1: $1.3008/15 Equality fall, 76.4% of $1.2933-$1.3269
*SUP 2: $1.2992 1% volatility band
*SUP 3: $1.2929/33 50% of $1.2589-$1.3269, Jul 20 low
*SUP 4: $1.2920 76.4% Fibo of $1.2812-$1.3269
*COMMENTARY* The $1.3015-$1.3008 support area has caught the fall so far.
Initial resistance remains from $1.3085-95 but it is the slightly higher $1.3112
level that offers more clues. Ideally this should remain untouched, if we are to
see a further move down at this stage. Above would alleviate pressure and allow
a higher $1.3065-$1.3208 rise. While it caps, the 1% volatility band at $1.2992
protects against a further $1.2929-$1.2920 fall. 

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