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Free AccessMNI: PBOC Net Injects CNY11.0 Bln via OMO Tuesday
MNI ASIA MARKETS ANALYSIS: Treasuries Surge On Bessent And Oil
(M18) 158.35-53 Support Key Today *RES...>
BUND TECHS: (M18) 158.35-53 Support Key Today
*RES 4: 160.26 Low Dec 13 now resistance
*RES 3: 159.57 High Dec 27
*RES 2: 159.27 Monthly High Jan 8
*RES 1: 159.03 Daily Bull channel top
*PREVIOUS CLOSE: 158.81
*SUP 1: 158.53 Hourly resistance Mar 22 now support
*SUP 2: 158.35 High Mar 16 now support
*SUP 3: 158.12 Hourly resistance Mar 20 now support
*SUP 4: 157.67 Low Mar 19
*COMMENTARY: Topside hesitation came to an end with an aggressive rally and pop
above the bull channel top that sees immediate bullish focus on 159.27-58 where
Jan highs are noted. The Bollinger top is noted at 158.73 with potential to
limit follow through. Layers of support building add to bullish confidence.
Bears now need a close below 158.35 to ease bullish pressure and below 156.88 to
confirm breaks of key supports and initially target 156.22.
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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.