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Free AccessMNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday
MNI ASIA MARKETS OPEN: Tsy Curves Reverse Course Ahead Wed CPI
(M18) Focus Shifts To 133.480-810 *RES...>
BOBL TECHS: (M18) Focus Shifts To 133.480-810
*RES 4: 133.810 Low Mar 3 2017 now resistance (Cont)
*RES 3: 133.590 Low Feb 16 2017 now resistance (Cont)
*RES 2: 133.480 Monthly High Sept 5 (Cont)
*RES 1: 133.410 2018 High May 29
*PREVIOUS CLOSE: 133.250
*SUP 1: 133.050 Alternating hourly support/resistance
*SUP 2: 132.470 Low May 29
*SUP 3: 132.340 Hourly support May 28
*SUP 4: 132.180 High May 25 now support
*COMMENTARY: Fresh 2018 & 9mth highs resulted from aggressive gains so far this
week with immediate bullish focus on 133.480-810. Bulls look for a close above
133.810 to target 134.890 2017 highs. Extremely O/B studies and the Bollinger
top indicate the move may be a little ahead of itself. In saying that, bears now
need a close below 132.470 to ease bullish pressure and below 132.180 to shift
focus back to 131.305-380 where the 21-DMA is found.
To read the full story
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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.