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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: Friday, December 13
MNI US OPEN - UK Economy Contracts for Second Straight Month
(H1) Key Resistance Exposed
- RES 4: 137.00 Round number resistance
- RES 3: 136.61 1.00 proj of the Dec 2 - 11 rally from the Dec 16 low
- RES 2: 136.03 0.764 proj of the Dec 2 - 11 rally from the Dec 16 low
- RES 1: 135.99 High Dec 14 and the bull trigger
- PRICE: 135.74 @ 11:16 GMT Dec 21
- SUP 1: 135.53, Intraday low and a gap high on the chart
- SUP 2: 135.08 High Dec 18 and gap low
- SUP 3: 134.36 Low Dec 17
- SUP 4: 134.14/10 Low Dec 16 / 76.4% of the Dec 2 - 11 rally
Gilt futures remain volatile, gapped at the open and are shapely higher today. Today's climb has reversed the recent bear leg between Dec 11 - 16 and attention turns to the key resistance at 135.99, Dec 14 high. A break would confirm a resumption of the uptrend that has dominated since mid-Nov. This would open 136.03 and 136.61, both Fibonacci projections. Initial support lies at 135.53, today's intraday low and a gap high on the chart.
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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.