MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

MNI: SNB CUTS KEY POLICY RATE BY 50 BPS TO 0.5%

MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Bulls Targeting 2017 High *RES 4:.......>

CABLE TECHS
CABLE TECHS: Bulls Targeting 2017 High
*RES 4: $1.3656 2017 High Sept 20 
*RES 3: $1.3595 High Sept 22 
*RES 2: $1.3549 High Nov 30 
*RES 1: $1.3519 High Dec 8
*PRICE: $1.3503 @ 1030GMT
*SUP 1: $1.3473 Hourly breakout level Dec 29 
*SUP 2: $1.3429 High Dec 27 now support 
*SUP 3: $1.3388 Hourly support Dec 27 
*SUP 4: $1.3368 Low Dec 27
*COMMENTARY: Bulls now look for a close above $1.3549 to add support to their
case for a move targeting 2017 highs. Since closing above the 21-DMA the pair
has gained support with bears now needing a close below $1.3388 to ease bullish
pressure and target a correction back to $1.3286-1.3329 where the 55-DMA
($1.3286) is located. Daily studies are well placed for gains.
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets

To read the full story

Close

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.