MNI Asian Morning FI Technical Analysis

19 January 2018

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (H18) Focus Now On 2015 Low 

*RES 4: 97.855 - High Jan 10 

*RES 3: 97.825 - 21-DMA 

*RES 2: 97.780 - High Jan 17 

*RES 1: 97.760 - Low Jan 17 now resistance

*PRICE: 97.730 @ 2030GMT

*SUP 1: 97.705 - 2018 Low Jan 18 

*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. The break below 2017 lows (97.720)

now see bears focused on tests of the 2015 low. Layers of resistance building

adds weight to the bearish case. Bulls now look for a close above 97.780 to gain

breathing room and above 97.855 to confirm a break of the 21-DMA and targeting a

correction back to $97.910-960.

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

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

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

*RES 2: 97.2200 - Hourly support Jan 17 now resistance

*RES 1: 97.2000 - Hourly resistance Jan 18

*PRICE: 97.1600 @ 2030GMT

*SUP 1: 97.1450 - Low Oct 25

*SUP 2: 97.0900 - Monthly Low Oct 3

*SUP 3: 97.0750 - Monthly Low Sept 21

*SUP 4: 96.9875 - 2017 Low Mar 10

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

confirmed on 97.0750-1450 where monthly lows are situated and a close below to

pressure 2017 lows. The 97.2000-2200 resistance region is key with bulls needing

a close above ease bearish pressure and hint at a correction back to

97.2800-4000 where key DMAs are situated. O/S daily studies and the Bollinger

base (97.1670) are concerns for bears.

US 10-YR FUTURE TECHS: (H18) Bears Targeting 120-25+/121-22+

*RES 4: 123-05+ Highs Jan 11 & 16

*RES 3: 122-30  Hourly resistance Jan 17

*RES 2: 122-22  Hourly support Jan 17 now resistance

*RES 1: 122-20  Low Jan 12 now resistance

*PRICE: 122-15 @ 2030GMT

*SUP 1: 122-11+ Daily Bear channel base

*SUP 2: 121-22+ Monthly Low July 1 2011

*SUP 3: 120-25+ Low Apr 29 2011

*SUP 4: 119-24  Low Apr 21 2011

*COMMENTARY: Topside hesitation has taken its toll with fresh 2018 and 6+ year

lows that see bears focused on 120-25+/121-22+. The Bollinger base (122-17+) is

a concern for bears and recently limited follow through. Layers of resistance

are building with bulls now needing a close above 122-30 to ease bearish

pressure and hint at a correction back to 123-05+/123-20. Bears now need a close

below 121-22+ to add weight to their case.

US 10-YR YIELD TECHS: Focus On 2016 & 2017 Highs

*RES 4: 2.748 - High Apr 22 2014 

*RES 3: 2.692 - Monthly High July 3 2014 

*RES 2: 2.641 - 2016 High Dec 15 

*RES 1: 2.629 - 2017 High Mar 13

*PRICE: 2.615 @ 2030GMT

*SUP 1: 2.585 - Low Jan 18 

*SUP 2: 2.571 - Hourly resistance Jan 17 now support 

*SUP 3: 2.541 - Hourly support Jan 17 

*SUP 4: 2.522 - Low Jan 16

*COMMENTARY: Immediate bullish focus is now on 2016 & 2017 highs 2.629-692 with

a close above this region to confirm focus on 2.748-758 where the daily bull

channel top situated. O/B studies and the Bollinger top (2.604) remain concerns

for bulls. The 2.571 support is key today with bears needing a close below to

ease bullish pressure and hint at a correction back to 2.489-522 where the

21-DMA is noted.

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: 150.39 - High Jan 18

*PRICE: 150.33 @ 2030GMT

*SUP 1: 150.23 - 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

above150.39 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]