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Weak Recovery Leaves $1.2900-$1.2882....>

CABLE TECHS: Weak Recovery Leaves $1.2900-$1.2882 As Next Support
*RES 4: $1.3112 Aug 3 low, now resistance
*RES 3: $1.3032 Aug 11 high
*RES 2: $1.3000/05 Hourly resistance
*RES 1: $1.2970 Intraday high
*PRICE: $1.2916 @0915GMT
*SUP 1: $1.2900 1% volatility band
*SUP 2: $1.2882 1.618 swing of $1.2939-$1.3032
*SUP 3: $1.2849 61.8% Fibo of $1.2589-$1.3269
*SUP 4: $1.2812 Jul 12 low
*COMMENTARY* Recovery petered out in the lower end of $1.3029-$1.3059
resistance. The subsequent fall has now fallen below the key $1.2920-29 support
area. This now leaves the lower 1% volatility band at $1.2900 by time today and
the swing target at $1.2882, as near term protection against a deeper
$1.2849-$1.2812 decline. Resistance also falls, $1.2970-$1.3005 now the barrier
to $1.3032 and a chance of a better recovery.

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