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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
(U17) Fresh Rise Has Eyes On.............>
BUND TECHS: (U17) Fresh Rise Has Eyes On 164.98-164.99 Next
*RES 4: 165.90 1% volatility band
*RES 3: 165.55 Jun 14 high
*RES 2: 165.43/44 1.618 swing of 164.64-163.36, Jun 26 high
*RES 1: 164.98/99 Equality rise from 162.84 to 161.37-163.51
*PRICE: 164.70 @1343GMT
*SUP 1: 164.12/22 Aug 21, intraday lows
*SUP 2: 164.00 Aug 18 low
*SUP 3: 163.62/71 Initial high Aug 16, Aug 17 low
*SUP 4: 163.36 Aug 16 low
*COMMENTARY* Found support from 163.36 last week, just above the 163.25-163.17
gap. The subsequent recovery through 164.25 offered encouragement and today has
seen a challenge to and so far a slight break above the Aug 11 high at 164.64.
Above here and then 164.98-164.99 comes back into view, the latter the 6 month
falling resistance line. Support also rises to 164.22-164.00 and then more
importantly from between 163.71-163.62. Loss of the latter would caution now.
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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.