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

CABLE TECHS: Thursday's Fall Held By 7 Week Bear Channel Base
*RES 4: $1.3333 1% volatility band
*RES 3: $1.3315 Jun 22 high
*RES 2: $1.3252 76.4% Fibo of $1.3315-$1.3050
*RES 1: $1.3214/21 61.8% Fibo of $1.3315-$1.3050, Jun 25 low
*PRICE: $1.3203 @1509GMT
*SUP 1: $1.3150 Hourly support
*SUP 2: $1.3129 Initial intraday rally high, now support
*SUP 3: $1.3080/85 Hourly highs/lows Jun 28
*SUP 4: $1.3042/50 7 week bear channel base, Jun 28 low
*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 an initial $1.3129 recovery. Subsequent move above the latter today, now has
sights on $1.3221-$1.3252 next. Support as a result, climbs to $1.3150- and then
that $1.3129 level.

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