MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: China Crude Oil Imports Accelerate In November

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

US NFIB NOV SMALL BUSINESS INDEX 101.7

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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SCHATZ TECHS: (U4) Bullish Theme Firms

SCHATZ TECHS
  • RES 4: 106.823 1.0% 10-dma envelope
  • RES 3: 106.009 2.382 projection of the May 24 - Jun 4 - 7 price swing   
  • RES 2: 105.975 High Jun 14 and the bull trigger  
  • RES 1: 105.905 High Jul 25  
  • PRICE: 105.770 @ 07:29 BST Jul 25
  • SUP 1: 105.668 20-day EMA       
  • SUP 2: 105.495/390 Low Jul 11 / 5 
  • SUP 3: 105.314 76.4% retracement of the May 24 Jun 14 bull cycle
  • SUP 4: 105.175 Low Jun 7  

Schatz futures trade a new high Thursday morning, topping the next upside level at the 61.8% retracement for the Jun 14 - Jul 5 bear leg at 105.837. This narrows the gap with the key bull trigger at the Jun 14 high of 105.975. On the downside, a reversal would refocus attention on key short-term support at 105.390, the Jul 5 low. Clearance of this level would reinstate a bearish theme.

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