MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI: US NOV CPI 0.3%, CORE 0.3%; CPI Y/Y 2.7%, CORE Y/Y 3.3%

MNI: US NOV SUPERCORE CPI (CORE SERVICES EX-HOUSING) 0.342%

MNI: US NOV CPI UNROUNDED M/M 0.313%, CORE 0.308%

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

(M1) Bearish Extension

BTP TECHS
  • RES 4: 147.79 High May 4 and key near-term resistance
  • RES 3: 147.33 High May 7
  • RES 2: 146.84 Low Feb 26 and recent breakout level
  • RES 1: 145.96 High May 13
  • PRICE: 144 99 @ Close May 17
  • SUP 1: 144.66 Low May 17
  • SUP 2: 144.16 1.236 proj of the Feb 12 - 26 - Mar 11 price swing
  • SUP 3: 144.00 Round number support
  • SUP 4: 143.46 2.0% 10-dma envelope

BTP futures remain in a clear downtrend following last week's extension lower. The contract started this week on a soft note trading once again to a fresh 2021 low of 144.66. The recent break of support at 146.84, Feb 26 low confirmed a resumption of the broader bear cycle that started Feb 12. Furthermore, MA studies are in a bear mode reinforcing current conditions. Attention is on 144.16, a Fibonacci projection. Initial firm resistance is 146.84.

Fixed Income Technical AnalysisHomepageBond Market Newsmarkets-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.