MNI China Daily Summary: Monday, March 4

MNI BRIEF: China To Strengthen Fund Management

MNI BRIEF: China Cancels Decades-old Routine Premier Presser

MNI: PBOC Drains Net CNY319 Bln Via OMO Mon; Rates Unchanged

MNI BRIEF: PBOC To Support Foreign Visitors' Digital Payments

RPT-MNI POLICY: G20 CenBanks Worried By Optimistic Markets

NBP Data Watch

Housing & Energy Category Remains Elevated SA M/M On Rent Uptick

Unemployment Claims Fall In NSA and SA Terms

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

MNI BRIEF:Macklem-Fiscal Policy Turning Unhelpful On CPI Fight

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TECHS: (Z0) Off Recent Highs

BTPS
  • RES 4: 153.09 1.000 of Jun 10 - Aug 20 swing from Sep 9 low (cont)
  • RES 3: 152.00 Round number resistance
  • RES 2: 151.17 0.764 of Jun 10 - Aug 20 swing from Sep 9 low (cont)
  • RES 1: 150.46 High Oct 16 and the bull trigger
  • PRICE: 149.15 @ Close Oct 20
  • SUP 1: 148.83 Low Oct 20
  • SUP 2: 148.76 20-day EMA
  • SUP 3: 148.03 38.2% retracement of the Sp 1 - Oct 16 rally
  • SUP 4: 147.27 50.0% retracement of the Sp 1 - Oct 16 rally

BTPS outlook remains bullish despite this week's pullback, a correction. Last week's climb resulted in the contract extending gains into uncharted territory, maintaining the bullish price sequence of higher highs and higher lows that defines an uptrend. Resistance and the bull trigger is located at 150.46, Oct 16 high. Price is approaching the 20-day EMA at 148.76. A breach of the average would signal scope of a deeper pullback towards 148.00.

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