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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 China Daily Summary: Wednesday, December 11
(H0) Recent Gains Likely A Correction....>
BOBL TECHS: (H0) Recent Gains Likely A Correction
*RES 4: 135.260 1.500 projection of Jan 2 - Jan 8 rally from Jan 14 low
*RES 3: 135.135 1.382 projection of Jan 2 - Jan 8 rally from Jan 14 low
*RES 2: 135.020 High Jan 31
*RES 1: 134.820 High Feb 5
*PRICE: 134.640 @ 04:54 GMT Feb 10
*SUP 1: 134.430 Low Jan 29
*SUP 2: 134.356 50-day EMA
*SUP 3: 134.186 61.8% retracement of the Jan 14 - Jan 31 rally
*SUP 4: 134.080 Low Jan 23
H0 Bobl is trading above off recent lows. The near-term risk however remains
bearish. This follows last week's pullback marking an unwinding of the
overbought condition that recently existed. Attention is on support at 134.430,
Jan 29 low where a break would signal scope for a deeper pullback and open
134.367, the 50-day EMA and potentially 134.186, a retracement level. On the
upside, initial resistance is 134.820, the Jan 5 high.
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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.