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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
(M18) 111.805-835 Support Key *RES.....>
SCHATZ TECHS: (M18) 111.805-835 Support Key
*RES 4: 112.050 2018 High Mar 5
*RES 3: 111.945 Low Mar 8 now resistance
*RES 2: 111.898 100-DMA
*RES 1: 111.891 Daily Bull channel top
*PREVIOUS CLOSE: 111.860
*SUP 1: 111.835 Double daily top Mar now support
*SUP 2: 111.805 Low Mar 9
*SUP 3: 111.760 Hourly resistance Mar 8 now support, 21-DMA
*SUP 4: 111.745 Daily Bull channel base off Feb low
*COMMENTARY: The dip Thursday was aggressively reversed having tested the bull
channel base, 21 (111.760) & 55 (111.727) DMAs. The break of the double daily
top at 111.835 Monday shifted immediate focus to 111.891-898 where the bull
channel top and 100-DMA are situated and overall focus to 112.050-065. Initial
support is noted at 111.835 but bears look for a close below 111.805 to ease
bullish pressure and target a correction to 111.715.
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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.