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CABLE TECHS: Upper 1% Volatility Band Caps, 'Doji' Candle At Close
*RES 4: $1.3520 76.4% Fibo of $1.3618-$1.3204
*RES 3: $1.3481/87 23.6% $1.4377-$1.3204, 1% vol, May 4 low
*RES 2: $1.3440/43 Intraday, Jun 6 highs
*RES 1: $1.3415/25 Hourly resistance
*PRICE: $1.3395 @1535GMT
*SUP 1: $1.3348/55 May 31 high, intraday low
*SUP 2: $1.3333 Initial rally high Jun 5, now support
*SUP 3: $1.3295 Jun 1 high, now support
*SUP 4: $1.3254 Jun 1 low
*COMMENTARY* Rally was capped by the upper 1% volatility band on Thursday, which
has moved 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 raises concerns, as does the appearance of a 'Doji'
candle at yesterday's close. Has found some support from above $1.3348-$1.3333
but $1.3415-$1.3443 now provides resistance to any recovery.