Upper 1% Volatility Band Caps, 'Doji'...>

CABLE TECHS: Upper 1% Volatility Band Caps, 'Doji' Candle At Close

*RES 4: $1.3570 May 17 high

*RES 3: $1.3520 76.4% Fibo of $1.3618-$1.3204

*RES 2: $1.3481/87 23.6% $1.4377-$1.3204 ,1% vol, May 4 low

*RES 1: $1.3455/73 Hourly resistance, Jun 7 high

*PRICE: $1.3410 @0850GMT

*SUP 1: $1.3390 Hourly support

*SUP 2: $1.3362/71 Jun 1 high, Jun 7 low

*SUP 3: $1.3333/48 Initial rally high Jun 5, May 31 high

*SUP 4: $1.3295 Jun 1 high, now support

*COMMENTARY* Rally was capped by the upper 1% volatility band on Thursday, which

has moved slightly higher today to join the next levels of note between

$1.3481-$1.3487. Some near term overbought conditions are in need of some

correction and a move back below $1.3390 again would raise concerns, as does the

appearance of a 'Doji' candle at yesterday's close. Ideally need above $1.3481

to allay these fears and see a continued $1.3520-$1.3570 rise.