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MNI China Daily Summary: Thursday, December 12
(Z18) Breakout *RES 4: 132.610 High.....>
BOBL TECHS: (Z18) Breakout
*RES 4: 132.610 High Aug 17 (continuation chart)
*RES 3: 132.200 Double bottom target
*RES 2: 132.000 Resistance
*RES 1: 131.940 High Aug 17
*PREVIOUS CLOSE: 131.880
*SUP 1: 131.520 Low Nov 19
*SUP 2: 131.137 55-dma
*SUP 3: 130.900 Low Oct 22
*SUP 4: 130.520 Low Oct 12
Bobl futures broke above the Nov 15 highs yesterday bringing the contract highs
seen on Aug 17 at 131.940 into focus. Above here would open the double bottom
target at 132.200. Initial support, which has limited the downside in recent
trading sessions, remains at 131.58, just ahead of up trendline support at
131.560. Bears need to close below Monday's low at 131.520 to allow a push back
below the 55-dma 131.122.
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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.