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Free AccessMNI EUROPEAN MARKETS ANALYSIS: China Equities Lower Post CEWC
MNI EUROPEAN OPEN: Sharp Fall In China Bond Yields Continues
(U9) Consolidating *RES 4: 112.644.....>
SCHATZ TECHS: (U9) Consolidating
*RES 4: 112.644 Bull channel top drawn off the Jun 6 low
*RES 3: 112.610 2.00 projection of Jul 10 - 24 rally from Jul 26 low
*RES 2: 112.600 Contract high Aug 15, 16, 20 and 21
*RES 1: 112.565 High Aug 26
*PRICE: 112.540 @ 02:50 GMT Aug 28
*SUP 1: 112.510 Low Aug 26
*SUP 2: 112.430 Low Aug 22
*SUP 3: 112.410 Low Aug 7
*SUP 4: 112.404 Bull channel base drawn off the Jun 6 low
U9 Schatz has been in a consolidative mood so far this week. Resistance at
112.555, the Aug 22 and 23 high was probed Monday however, a continued push
higher is needed to refocus attention on the contract high and key resistance of
112.600. The top of the bull channel is at 112.644. Clearance of 112.600/638 is
required to confirm a resumption of the uptrend. On the downside, a 112.430
break would open the channel base at 112.404, resuming the correction.
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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.