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MNI Asian Morning FI Technical Aanalysis

12 February 2018
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (H18) Above 90.905 Targets 97.960-98-015 
*RES 4: 97.960 - Low Nov 1 now resistance 
*RES 3: 97.931 - Daily Bull channel top 
*RES 2: 97.910 - High Feb 7 
*RES 1: 97.890 - High Feb 9
*PRICE: 97.875 @ 2030GMT
*SUP 1: 97.850 - Hourly support Feb 9 
*SUP 2: 97.790 - Low Feb 8 
*SUP 3: 97.785 - 21-DMA 
*SUP 4: 97.755 - Low Feb 5
*COMMENTARY: The contract is currently flirting with the 55-DMA (97.880) with
bulls needing a close above 97.905 to confirm breaks of 55 & 100-DMAs and shift
focus to 97.960-98.015 where the 200-DMA is noted. Initial support is noted at
97.850 today with bears needing a close below to ease pressure on resistance
layers and shift initial focus back to the 21-DMA. Daily studies at O/B levels
remain a concern for bulls.
     AUSSIE 10-YR TECHS: (H18) Bulls Need Close Above 97.2350 
*RES 4: 97.2815 - 100-DMA
*RES 3: 97.2350 - High Feb 6
*RES 2: 97.2000 - Hourly resistance Feb 6
*RES 1: 97.1850 - High Feb 9
*PRICE: 97.1500 @ 2030GMT
*SUP 1: 97.1200 - Low Feb 9
*SUP 2: 97.0700 - Hourly support Feb 5
*SUP 3: 97.0450 - 2018 Low Feb 6
*SUP 4: 97.0407 - Daily Bear channel base
*COMMENTARY: The weekly bull channel base comes in around 96.9939 this week with
bulls taking comfort in support emerging on dips back towards this level. Bears
look for a close below 96.9650 to confirm a break of the channel base and
potentially target 95.5895. Bulls now need a close above 97.1850 to ease
immediate bearish pressure and above 97.2350 to shift focus to 97.2815-3390
where 100 & 200-DMAs are located.
     US 10-YR FUTURE TECHS: (H18) 121-23/122-20 Resistance Region Key
*RES 4: 122-20 Low Jan 12 now resistance
*RES 3: 122-05+ Hourly resistance Feb 6a
*RES 2: 121-23 Hourly resistance Feb 6
*RES 1: 121-08 Hourly support Feb 9 now resistance
*PRICE: 121-05+ @ 2030GMT
*SUP 1: 120-25+ Low Feb 9
*SUP 2: 120-17 2018 Low Feb 8
*SUP 3: 120-16+ Bollinger band base
*SUP 4: 119-24 Low Apr 21 2011
*COMMENTARY: Bulls failed to capitalise on the bullish key day reversal with the
contract rejected ahead of 122-20 last week. The break below 121-10+ reconfirmed
initial focus to 2018 lows and then below 120-17 to target the 117-29/119-24
support region where levels last seen in 2011 are noted. Bulls need a close
above 121-23+ to gain breathing room and above 122-20 to shift initial focus to
123-05+/20 where the 55-DMA (123-08+) is noted.
     US 10-YR YIELD TECHS: Double Daily Top, 2.741 Support Key
*RES 4: 3.073 - Low July 6 2011 now resistance 
*RES 3: 3.041 - 2014 High Jan 2 
*RES 2: 2.912 - High Jan 15 2014 
*RES 1: 2.885 - 2018 High Feb 6
*PRICE: 2.831 @ 2030GMT
*SUP 1: 2.786 - Low Feb 9 
*SUP 2: 2.741 - Hourly support Feb 6 
*SUP 3: 2.692 - 21-DMA 
*SUP 4: 2.691 - Hourly support Feb 6a
*COMMENTARY: Bulls take comfort in the recovery from the sell-off with the yield
recovering from around the 21-DMA last week to retain pressure on 2018 highs.
Immediate focus has returned to 2.885-912 with overall focus on 2014 highs.
Bears need a close below 2.741 to confirm an easing of bullish pressure and to
shift initial focus back to 2.691-692 where the 21-DMA is located. O/B daily
studies looking to correct remain the key concern for bulls.
     JGB TECHS: (H18) Bulls Need Close Above 55-DMA 
*RES 4: 150.67 - 55-DMA
*RES 3: 150.63 - High Feb 6
*RES 2: 150.61 - 200-DMA
*RES 1: 150.56 - High Feb 9
*PRICE: 150.50 @ 2030GMT
*SUP 1: 150.34 - High Feb 5 now support 
*SUP 2: 150.20 - Low Feb 5 
*SUP 3: 150.09 - 2018 Low Feb 2 
*SUP 4: 150.08 - Monthly Low Oct 3
*COMMENTARY: The recovery from 2018 lows has stalled around key DMAs. Bears
still need a close below 150.34 to confirm a break of the 21-DMA (150.38),
easing renewed bullish pressure and returning focus to 150.06. Bears need a
close below 150.06 to add weight to the case for a move targeting the 200-WMA
(149.24). Bulls need a close above the 55-DMA to end bearish hopes and shift
initial focus to 150.84.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]

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