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MNI: PBOC Injects Net CNY160 Bln Via OMO Fri; Rates Unchanged

CHINA PBOC INJECTS CNY203 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1771 FRI VS 7.1772

Activity data unlikely to move markets much

MNI: UK Q3 GDP -0.0% Q/Q, % +0.6Y/Y

MNI: UK SEP TRADE BALANCE GBP -1.57BN

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

MNI BRIEF:Macklem-Fiscal Policy Turning Unhelpful On CPI Fight

MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

(Z3) Trend Needle Points South

CORN TECHS
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  • RES 4: $637.25- High Oct 14 2022
  • RES 3: $629.75 - 21 and key resistance
  • RES 2: $600.75 - High Jun 26
  • RES 1: $503.38//572.25 - 50-day EMA / High Jul 24 and bull trigger
  • PRICE: $485.50 @ 13:44 BST Sep 11
  • SUP 1: $462.50 - Low Sep 21 2021
  • SUP 2: $458.63 - 0.764 proj of the Jun 21 - Jul 13 - Jul 24 price swing
  • SUP 3: $442.00 - Low Jul 6 2021
  • SUP 4: $423.50 - 1.00 proj of the Jun 21 - Jul 13 - Jul 24 price swing

A bearish threat in Corn futures remains present. Recent weakness resulted in a break of key support at $481.00, the Jul 13 low. The breach confirms an important bearish development and signals scope for a continuation of the current bear cycle. This opens $462.50, the Sep 21 2021 low. Key short-term resistance has been defined at $572.25, the Jul 24 high. Clearance of this level is required to reinstate a bullish theme.

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  • RES 4: $637.25- High Oct 14 2022
  • RES 3: $629.75 - 21 and key resistance
  • RES 2: $600.75 - High Jun 26
  • RES 1: $503.38//572.25 - 50-day EMA / High Jul 24 and bull trigger
  • PRICE: $485.50 @ 13:44 BST Sep 11
  • SUP 1: $462.50 - Low Sep 21 2021
  • SUP 2: $458.63 - 0.764 proj of the Jun 21 - Jul 13 - Jul 24 price swing
  • SUP 3: $442.00 - Low Jul 6 2021
  • SUP 4: $423.50 - 1.00 proj of the Jun 21 - Jul 13 - Jul 24 price swing

A bearish threat in Corn futures remains present. Recent weakness resulted in a break of key support at $481.00, the Jul 13 low. The breach confirms an important bearish development and signals scope for a continuation of the current bear cycle. This opens $462.50, the Sep 21 2021 low. Key short-term resistance has been defined at $572.25, the Jul 24 high. Clearance of this level is required to reinstate a bullish theme.