MNI China Daily Summary: Friday, November 29

MNI: GERMANY NOV UE RATE (SA) 6.1% (FCST 6.1%); OCT 6.1%

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MNI: PBOC Sets Yuan Parity Lower At 7.1877 Fri; -1.39% Y/Y

MNI: ITALY NOV FLASH HICP +0% M/M, +1.6% Y/Y

MNI: EUROZONE NOV FLASH HICP +2.3% Y/Y

MNI: UK OCT M4 MONEY SUPPLY -0.1% M/M, +3% Y/Y

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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(H4) Uptrend Remains Intact

BUND TECHS
  • RES 4: 138.76 3.50 proj of the Nov of the 13 - 17 - 24 price swing
  • RES 3: 138.49 3.382 proj of the Nov of the 13 - 17 - 24 price swing
  • RES 2: 138.00 Round number resistance
  • RES 1: 137.58 3.00 proj of the Nov of the 13 - 17 - 24 price swing
  • PRICE: 137.43 @ 05:19 GMT Dec 20
  • SUP 1: 135.81/134.59 Low Dec 15 / 20-day EMA
  • SUP 2: 134.37 Low Dec 8 and a key support
  • SUP 3: 133.42 Low Dec 4
  • SUP 4: 132.59 Low Dec 1

Bund futures remain in an uptrend and the contract is holding on to its recent gains. The break of resistance at 135.81, the Dec 7 high, confirmed a resumption of the uptrend and maintains the bullish price sequence of higher highs and higher lows. Sights are on 137.58, a Fibonacci projection. On the downside, key short-term support has been defined at 134.37, the Dec 8 low. A short-term pullback would be considered corrective.

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