Thursday's Fall Held By 7 Week Bear.....>

CABLE TECHS: Thursday's Fall Held By 7 Week Bear Channel Base

*RES 4: $1.3221 Jun 25 low, now resistance

*RES 3: $1.3192 Jun 26 low, now resistance

*RES 2: $1.3152 Hourly high Jun 27

*RES 1: $1.3129/38 Intraday high, hourly resistance

*PRICE: $1.3115 @0813GMT

*SUP 1: $1.3060/65 1% volatility band, hourly support

*SUP 2: $1.3042/50 7 week bear channel base, Jun 28 low

*SUP 3: $1.3027 Oct 6 low

*SUP 4: $1.2970 1.618 swing of $1.3102-$1.3315

*COMMENTARY* All of the recovery since the month's earlier $1.3102 base was

whittled away on Thursday, as the lower 1% volatility band and the 7 week bear

channel base came under pressure. A low of $1.3050, before regaining some ground

and a test into $1.3125-$1.3152 resistance, back above the latter currently

needed for any impact. Beneath $1.3042 and the Oct 6 low at $1.3027 protects the

swing target at $1.2970 and the equality fall target at $1.2944.