MNI Asian Morning FI Technical Analysis

18 January 2018

By Kyle Shortland

Click below for today's MNI FI Technical Analysis Report -

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (H18) Below 97.720 Targets 2015 Low 

*RES 4: 97.910 - Hourly resistance Dec 18 

*RES 3: 97.855 - High Jan 10 

*RES 2: 97.844 - 21-DMA 

*RES 1: 97.780 - High Jan 17

*PRICE: 97.745 @ 2030GMT

*SUP 1: 97.720 - 2017 Low Sept 21 

*SUP 2: 97.605 - 2015 Low Dec 12 

*SUP 3: 97.550 - Low Dec 3 2014 

*SUP 4: 97.520 - Low Nov 28 2014

*COMMENTARY: Losses continue for the contract with it remaining heavy having

been capped by the 21-DMA the past two weeks. Immediate focus is on the 2017 low

with a break below then targeting 97.605 2015 lows. Layers of resistance are

accumulating and weighing. Bulls continue to look for a close above 97.855 to

confirm a break of the 21-DMA, easing immediate bearish pressure and targeting a

correction back to $97.910-960.

AUSSIE 10-YR TECHS: (H18) Focus Confirmed on 97.0750-1450 

*RES 4: 97.3400 - High Jan 9

*RES 3: 97.3100 - Hourly support Jan 4 now resistance

*RES 2: 97.2800 - Hourly support Jan 3 now resistance

*RES 1: 97.2200 - Hourly support Jan 17 now resistance

*PRICE: 97.1850 @ 2030GMT

*SUP 1: 97.1752 - Bollinger band base

*SUP 2: 97.1450 - Low Oct 25

*SUP 3: 97.0900 - Monthly Low Oct 3

*SUP 4: 97.0750 - Monthly Low Sept 21

*COMMENTARY: The contract is looking a little heavy with immediate bearish focus

confirmed on 97.0750-1450 where monthly lows are situated. The Bollinger band

base is the key concern for bears and limits follow through. Initial resistance

is now noted at 97.2200 with bulls needing a close above ease bearish pressure

and hint at a correction back to 97.2800-4000 where key DMAs are situated. Below

97.0750 targets 96.9875 2017 lows.

US 10-YR FUTURE TECHS: (H18) Below 122-20 Targets 120-25+/121-22+

*RES 4: 123-17+ 21-DMA

*RES 3: 123-09  Hourly support Jan 9 now resistance

*RES 2: 123-05+ Highs Jan 11 & 16

*RES 1: 122-30  Hourly resistance Jan 17

*PRICE: 122-22 @ 2030GMT

*SUP 1: 122-20  2018 Low Jan 12

*SUP 2: 122-13+ Daily Bear channel base

*SUP 3: 121-22+ Monthly Low July 1 2011

*SUP 4: 120-25+ Low Apr 29 2011

*COMMENTARY: Recent 3+yr lows resulted in dips below the bear channel base

before finding support at 122-20+. Bears look for a close below 122-20+ to shift

focus to 120-25+/121-22+. The Bollinger base (122-21+) is a concern for bears

and limits follow through. Layers of resistance remain with bulls needing a

close above 123-09 to ease bearish pressure and above 123-20 to shift focus to

124-02+/13+ where a bear channel top and 55-DMA are noted.

US 10-YR YIELD TECHS: Bulls Need Close Above 2.597

*RES 4: 2.692 - Monthly High July 3 2014 

*RES 3: 2.641 - 2016 High Dec 15 

*RES 2: 2.629 - 2017 High Mar 13 

*RES 1: 2.597 - 2018 High Jan 10

*PRICE: 2.572 @ 2030GMT

*SUP 1: 2.541 - Hourly support Jan 17 

*SUP 2: 2.522 - Low Jan 16 

*SUP 3: 2.504 - High Dec 21 now support 

*SUP 4: 2.477 - 21-DMA

*COMMENTARY: The 2.477-522 support region has provided the base for bounce back

towards 2018 highs and a double daily top. Bulls look for a close above 2.597 to

reconfirm focus on 2.629-692 where yearly and monthly highs are located. O/B

daily studies remain a concern for bulls. Bears now look for a close below 2.522

to ease bullish pressure and below the 21-DMA to pressure the bull channel base

(2.448).

JGB TECHS: (H18) Immediate Focus On 150.06-19 

*RES 4: 150.77 - 55-DMA

*RES 3: 150.63 - 200-DMA

*RES 2: 150.56 - High Jan 15

*RES 1: 150.38 - Hourly support Jan 17 now resistance

*PRICE: 150.29 @ 2030GMT

*SUP 1: 150.25 - Bollinger band base 

*SUP 2: 150.19 - Low Oct 23 

*SUP 3: 150.08 - Monthly Low Oct 3 

*SUP 4: 150.06 - Low July 20

*COMMENTARY: Having remained capped ahead of the 200-DMA on the recovery from

150.30 the contract is looking heavy having traded at fresh 2018 & 3mth lows.

Immediate bearish focus is on layers of support 150.06-19. O/S daily studies and

the Bollinger band base are key concerns for bears. Bulls now look for a close

above150.38 to gain breathing. room. Overall a close above 150.84 is needed to

end bearish hopes and return focus to 151.19-21.

--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com

[TOPICS: MTABLE]