MNI China Daily Summary: Friday, January 13

MNI BRIEF: PBOC Monitoring Inflation, Keeps Yuan Flexible

MNI BRIEF: New Policy Tools "Under Consideration" - PBOC

UMICH JAN PRELIM CONS SENTIMENT 64.6 (60.7 EXP., 59.7 PRIOR)

MNI: US DEC IMPORT PRICES +0.4%

EZ/UK T-Bill Calendar: Germany, NL, France to issue Monday

Rpt- MNI INTERVIEW: BOC Losses May Dent Inflation Fight- Tombe

MNI BRIEF: EU Sees Statement After UK-EU Talks This Afternoon

MNI BRIEF: EC Head Aims For Gas Price Cap Deal In Coming Days

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AUSSIE 10-YEAR TECHS

(H3) Extends Spell of Strength

USDCAD TECHS

Downtrend Remains Intact

AUDUSD TECHS

Trend Needle Points North

US TSYS

Latest Sentiment Data Underscores Case for Soft Landing

US TSYS

Late SOFR/Treasury Option Roundup

EURJPY TECHS

Impulsive Sell-Off

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SILVER TECHS
Metals Technical AnalysisMetals bulletHomepagemarkets-real-timeCommoditiesBullet
  • RES 4: $24.729 - 76.4% retracement of the Mar - Sep bear leg
  • RES 3: $24.000 - Round number resistance
  • RES 2: $23.567 - High Apr 29
  • RES 1: $23.517 - High Dec 5 and the bull trigger
  • PRICE: $23.083 @ 08:02 GMT Dec 9
  • SUP 1: $21.811 - 20-day EMA
  • SUP 2: $20.907/20.585 - 50-day EMA / Low Nov 21 and key support
  • SUP 3: $19.416 - Low Nov 4
  • SUP 4: $18.835 - Low Nov 3

The trend outlook in Silver remains bullish and the metal has recently cleared resistance at $22.251, the Nov 15 high. This week’s pullback appears to be a correction. A resumption of gains would reinforce bullish conditions and signal an extension of the positive price sequence of higher highs and higher lows. A break to fresh highs would open $23.567, the Apr 29 high. Initial firm support lies at $21.811, the 20-day EMA.

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  • RES 4: $24.729 - 76.4% retracement of the Mar - Sep bear leg
  • RES 3: $24.000 - Round number resistance
  • RES 2: $23.567 - High Apr 29
  • RES 1: $23.517 - High Dec 5 and the bull trigger
  • PRICE: $23.083 @ 08:02 GMT Dec 9
  • SUP 1: $21.811 - 20-day EMA
  • SUP 2: $20.907/20.585 - 50-day EMA / Low Nov 21 and key support
  • SUP 3: $19.416 - Low Nov 4
  • SUP 4: $18.835 - Low Nov 3

The trend outlook in Silver remains bullish and the metal has recently cleared resistance at $22.251, the Nov 15 high. This week’s pullback appears to be a correction. A resumption of gains would reinforce bullish conditions and signal an extension of the positive price sequence of higher highs and higher lows. A break to fresh highs would open $23.567, the Apr 29 high. Initial firm support lies at $21.811, the 20-day EMA.