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Why MNI
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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI: PBOC Net Drains CNY216 Bln via OMO Monday
Bears Need Close Below $1.3300 *RES.....>
CABLE TECHS: Bears Need Close Below $1.3300
*RES 4: $1.3525 21-DMA
*RES 3: $1.3491 Hourly resistance May 18, High May 22
*RES 2: $1.3445 Hourly resistance May 22
*RES 1: $1.3421 Low May 23
*PRICE: $1.3366 @ 0220GMT
*SUP 1: $1.3347 Hourly support May 24
*SUP 2: $1.3311 Bollinger band base
*SUP 3: $1.3303 2018 Low May 23
*SUP 4: $1.3300 Monthly Low Dec 15
*COMMENTARY: Bears are currently looking to gain traction below the 55-WMA
($1.3399) with a close below $1.3300 needed to confirm focus on $1.2995-1.3065
where the 100-WMA is noted. The Bollinger base is the key concern for bears with
potential to limit follow through. Bulls now need a close above $1.3421 to gain
breathing room and above $1.3617 to hint at a move back to $1.3792-1.3893 where,
55 ($1.3863) & 100 ($1.3885) DMAs are noted.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.