MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: China Crude Oil Imports Accelerate In November

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

US NFIB NOV SMALL BUSINESS INDEX 101.7

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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(Z3) Bears Remain In The Driver’s Seat

US 10YR FUTURE TECHS
  • RES 4: 109-20 High Sep 19
  • RES 3: 108-26+ 50-day EMA
  • RES 2: 107-12+/108-16 20-day EMA / High Oct 12
  • RES 1: 106-15+ High Oct 18
  • PRICE: 106-00+ @ 17:12 BST Oct 20
  • SUP 1: 105-10+ Low Oct 19
  • SUP 2: 104-27+ 2.0% 10-dma envelope
  • SUP 3: 104-26 2.00 proj of the Jul 18 - Aug 4 - Aug 10 price swing
  • SUP 4: 104-17+ Low Jul’07

Treasuries trade higher into the Friday close, however are still nursing sharp losses on the week. The contract remains closer to its recent lows. Key support at 106-03+, the Oct 4 low, has been breached, confirming a resumption of the downtrend. The move down has exposed the 2.0% 10-dma envelope support of 104-27+. Key short-term trend resistance has been defined at 108-16, Oct 12 high, where a break is required to highlight a base. Initial firm resistance is at 107-12+, the 20-day EMA.

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