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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 BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
(H1) Bearish Theme Still Prevails
- RES 4: 178.37 High Jan 4
- RES 3: 177.85 High Jan 6
- RES 2: 177.54/57 50-and 20-day EMAs
- RES 1: 177.01 Low Dec 23 and recent breakout level
- PRICE: 176.84 @ 04:56 GMT Jan 13
- SUP 1: 176.34 Low Jan 12
- SUP 2: 176.19 1.236 proj of the Dec 11 - 23 sell-off from Jan 4 high
- SUP 3: 175.94 1.382 proj of the Dec 11 - 23 sell-off from Jan 4 high
- SUP 4: 175.84 Low Nov 11 and a key support
Bund futures traded lower yesterday extending the recent sell-off from 178.37, Jan 4 high. Futures Monday cleared support at 177.01, the Dec 23 low. Furthermore, yesterday's move lower resulted in a break of 176.63, Dec 2 low reinforcing bearish conditions. This has opened 175.84 further out, Nov 11 low. On the upside, firm near term resistance is seen at 177.01 ahead of 177.47/50, the 20-and 50-day EMAs. Bearish!
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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.