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Why MNI
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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 China Daily Summary: Friday, November 29
MNI US OPEN - Le Pen Sets Deadline for Further Concessions
(U3) Corrective Pullback Extends
- RES 4: 114-06+ High Jun 6
- RES 3: 114-00 High Jun 13
- RES 2: 113-08 High Jul 18 and the short-term bull trigger
- RES 1: 112-17+113-04+ High Jul 24 / 50-day EMA
- PRICE: 111-24 @ 15:56 BST Jul 25
- SUP 1: 111-17+ Low Jul 25
- SUP 2: 111-11 61.8% retracement of the Jul 7 - 18 rally
- SUP 3: 110-28 76.4% retracement of the Jul 7 - 18 rally
- SUP 4: 110-05 Low Jul 6 and the bear trigger
Treasuries traded lower Tuesday. The pullback for now, appears to be a correction, rather than a full reversal. Price has shown below 111-22+, 50.0% of the Jul 7 - 18 rally. A break of this chart point signals scope for a deeper retracement and opens 111-11, the 61.8% level. For bulls, a reversal higher and clearance of last week’s 113-08 high (Jul 18), would resume the recent bull cycle and expose 114-00, the Jun 13 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.