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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
(Z17) Focus Back On 112.285-315 *RES...>
SCHATZ TECHS: (Z17) Focus Back On 112.285-315
*RES 4: 112.365 Monthly high Sept 5 (Cont)
*RES 3: 112.318 Bollinger band top
*RES 2: 112.315 High Oct 27
*RES 1: 112.285 High Nov 15
*PREVIOUS CLOSE: 112.260
*SUP 1: 112.240 Alternating daily support/resistance
*SUP 2: 112.207 55-DMA
*SUP 3: 112.180 Hourly resistance Dec 1 now support
*SUP 4: 112.160 Monthly Low Nov 30
*COMMENTARY: The bounce from ahead of the key 112.135-150 support region
resulted in an aggressive rally and bullish close Friday that sees immediate
focus back on 112.285-315. Bulls need a close above 112.315 to reconfirm a
bullish bias and initially target 112.365. The 112.207-240 support region is now
key. Bears need a close below 112.240 to ease bullish pressure and below the
55-DMA to shift focus back to 112.135-150 where the 100-DMA is noted.
To read the full story
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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.