MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

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

(H1) Bullish Tone

SCHATZ TECHS
  • RES 4: 112.500 200.0% retracement proj of Nov 30 - Dec 2 sell-off
  • RES 3: 112.475 176.4% retracement proj of Nov 30 - Dec 2 sell-off
  • RES 2: 112.460 161.8% retracement proj of Nov 30 - Dec 2 sell-off
  • RES 1: 112.447 150.0% retracement proj of Nov 30 - Dec 2 sell-off
  • PRICE: 112.415 @ 04:40 GMT Dec 9
  • SUP 1: 112.370 Low Dec 7
  • SUP 2: 112.305 Low Dec 3
  • SUP 3: 112.290 Low Dec 2 and the bear trigger
  • SUP 4: 112.270 1.00 proj of Nov 30 - Dec 2 sell-off from Dec 3 high

Schatz futures started the week on a firm note and maintained this tone yesterday. Gains Monday resulted in a break of resistance at 112.395, Nov 30 high. This negated the recent bearish focus and instead confirmed a resumption of the bullish leg that started Dec 2. This week's gains pave the way for a climb towards 112.447 next, a Fibonacci retracement extension. On the downside, initial support is seen at 112.370, Dec 7 low.

Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income 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.