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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.
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Free AccessMNI China Daily Summary: Tuesday, November 26
MNI BRiEF: Riksbank Puts Neutral Rate In 1.5 To 3.0% Range
Focus Shifts To $1.2995-1.3041 *RES.....>
CABLE TECHS: Focus Shifts To $1.2995-1.3041
*RES 4: $1.3270 21-DMA
*RES 3: $1.3228 High Oct 19
*RES 2: $1.3209 Hourly resistance Oct 19
*RES 1: $1.3145 Hourly support Oct 20 now resistance
*PRICE: $1.3130 @ 0930GMT
*SUP 1: $1.3041 100-DMA
*SUP 2: $1.3028 Low Oct 6
*SUP 3: $1.3018 Bollinger band base
*SUP 4: $1.2995 High Sept 1 now support
*COMMENTARY: The sell-off from recent 21-DMA topside failures has now broken
below the 55-DMA ($1.3144) and key $1.3121 support. Bears look for a close below
$1.3121 to add weight to the case for a move that now sees immediate focus on
$1.2995-1.3041 where the 100-DMA and Bollinger base are located. Bulls now need
a close above $1.3145 to gain breathing room and above the 21-DMA to return
pressure to $1.3343.
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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.