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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.
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Free AccessMNI US MARKETS ANALYSIS - EUR Vols Surge Ahead of US CPI
MNI China Daily Summary: Wednesday, December 11
(M2) Eyeing The Bear Trigger
- RES 4: 134.080 High Mar 7 and the bull trigger
- RES 3: 133.390 High Mar 8
- RES 2: 132.590 High Mar 9
- RES 1: 131.787 20-day EMA
- PRICE: 130.950 @ 05:11 GMT Mar 16
- SUP 1: 130.410 Low Feb 8 and a key support
- SUP 2: 130.000 Round number support
- SUP 3: 129.554 123.6% retracement of the Feb 8 - Mar 7 upleg
- SUP 4: 128.820 Low Dec 4 2015 (cont)
Bobl futures remain in its current bear cycle following last week’s retracement from 134.080, Mar 7 high. Support at 132.130, the Mar 1 low and 131.726, the 76.4% retracement of the Feb 8 - Mar 7 rally, have been cleared. This suggests potential for a continuation lower and attention is on the key support at 130.410, the Feb 8 low and the bear trigger. Initial firm resistance is at 132.590, the Mar 9 high.
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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.