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Free AccessMNI: China CFETS Yuan Index Up 0.01% In Week of Nov 22
MNI: PBOC Net Injects CNY76.7 Bln via OMO Monday
(H18) 160.30 Support Survives Early......>
BUND TECHS: (H18) 160.30 Support Survives Early Pressure
*RES 4: 161.55 Jan 10 high
*RES 3: 161.30 Mini congestion area Jan 10-11
*RES 2: 161.18 Jan 2 low, now resistance
*RES 1: 160.91/97 Jan 10 low, Jan 16 high
*PRICE: 160.72 @1615GMT
*SUP 1: 160.30 Jan 15 low
*SUP 2: 160.00/11 May 11, Jan 12 lows
*SUP 3: 159.58 1.618 swing of 160.11-160.97
*SUP 4: 159.44 Equality fall from 162.04 to 163.78-161.18
*COMMENTARY* The recovery has continued to find the 160.91-160.97 region
difficult to contend with and as a result, after a couple of days of trying, we
have again tested 160.30 support. Lower and 160.00 comes back under pressure,
with any break suggesting scope for a deeper 159.58-159.44 fall, ahead of the
lower 1% volatility band at 159.20 by time today. Meanwhile, it will still take
a break above 160.97-161.18 before any real upside confidence will appear.
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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.