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Thursday's Rally Unable To Remove.......>

CABLE TECHS
CABLE TECHS: Thursday's Rally Unable To Remove Threat Of 'Doji' Candle
*RES 4: $1.3392 Hourly high Jun 14, 76.4% $1.3447-$1.3211
*RES 3: $1.3350/57 Hourly high Jun 14, 61.8% $1.3447-$1.3211
*RES 2: $1.3329 50% Fibo of $1.3447-$1.3211
*RES 1: $1.3301/07 38.2% of $1.3447-$1.3211, Jun 13 low
*PRICE: $1.3267 @0904GMT
*SUP 1: $1.3225/35 1% volatility band, hourly support
*SUP 2: $1.3204/11 May 29, intraday lows
*SUP 3: $1.3152 76.4% Fibo of $1.2774-$1.4377
*SUP 4: $1.3107 50% Fibo of $1.1838-$1.4377
*COMMENTARY* Thursday's early recovery through $1.3425 allowed a higher $1.3447
rise. Above $1.3473 would have removed the  bearish threat of the Jun 7 'Doji'
candle close. As a result, we have seen a sharp fall, back through Wednesday's
base and all the way toward the May 29 low at $1.3204. Oversold in the near term
but will require a move back above $1.3301-$1.3307 to elicit any better
comeback. Otherwise $1.3152-$1.3107 beckons next.

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