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MNI Asian Morning FI Technical Analysis

29 January 2018
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (H18) Bulls Still Need Close Above 97.780 
*RES 4: 97.855 - High Jan 10 
*RES 3: 97.798 - 21-DMA 
*RES 2: 97.780 - High Jan 17 
*RES 1: 97.770 - High Jan 24
*PRICE: 97.725 @ 2030GMT
*SUP 1: 97.715 - Lows Jan 24-26 
*SUP 2: 97.690 - 2018 Low Jan 19 
*SUP 3: 97.605 - 2015 Low Dec 12 
*SUP 4: 97.550 - Low Dec 3 2014
*COMMENTARY: Bears take comfort in the contract remaining capped ahead of the
97.780-798 region where the 21-DMA is located following the bounce from 2018
lows. Bulls need a close above the 21-DMA to shift initial focus to 97.855. The
contract remains heavy despite daily studies correcting from O/S. The lack of
topside follow through last week adds weight to the bearish case and sees
immediate focus on 97.690 with overall bearish focus on 2015 lows.
AUSSIE 10-YR TECHS: (H18) Bears In Control While 21-DMA Caps 
*RES 4: 97.2376 - 21-DMA
*RES 3: 97.2200 - Hourly support Jan 17 now resistance
*RES 2: 97.2050 - High Jan 24
*RES 1: 97.1700 - High Jan 25 & 26
*PRICE: 97.1350 @ 2030GMT
*SUP 1: 97.1250 - Low Jan 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: Bulls have failed to capitalise on the recovery from 2018 lows
despite daily studies correcting from O/S adding support. Support emerging on
dips is a concern for bears who remain focused on 97.0750-0900 and a close below
to pressure 2017 lows. Bulls now need a close above the 21-DMA ease bearish
pressure and above the 100-DMA (97.2953) to shift initial focus to 97.3474-4000
where 55 & 200-DMAs are noted.
US 10-YR FUTURE TECHS: (H18) 122-20 Resistance Remains Key
*RES 4: 122-30 Hourly resistance Jan 17
*RES 3: 122-20 Low Jan 12 now resistance
*RES 2: 122-10+ Hourly resistance Jan 26
*RES 1: 122-04+ Hourly support Jan 25 now resistance
*PRICE: 122-02 @ 2030GMT
*SUP 1: 121-31 2018 Low Jan 25
*SUP 2: 121-23+ Bollinger Band Base
*SUP 3: 121-22+ Monthly Low July 1 2011
*SUP 4: 120-25+ Low Apr 29 2011
*COMMENTARY: Bears take comfort in bounces remaining capped ahead of the 122-20
resistance which remains key. Bulls need a close above to hint at a correction
back to 123-01+/123-20 where a channel top and 21-DMA are situated. Bears remain
focused on 120-25+/121-22+ while 122-20 caps but need a close below 121-31 to
add weight to their case.
US 10-YR YIELD TECHS: 2.692 Resistance Remains Key
*RES 4: 2.748 - High Apr 22 2014 
*RES 3: 2.692 - Monthly High July 3 2014 
*RES 2: 2.676 - 2018 High Jan 25 
*RES 1: 2.650 - Hourly support Jan 25 now resistance
*PRICE: 2.662 @ 2030GMT
*SUP 1: 2.609 - Low Jan 24 
*SUP 2: 2.585 - Low Jan 18 
*SUP 3: 2.571 - Hourly resistance Jan 17 now support 
*SUP 4: 2.540 - 21-DMA
*COMMENTARY: The 2.609 support remains key with dips last week remaining
supported around this level and immediate pressure remaining on 2.676-692. Bulls
continue to look for a close above 2.692 to confirm focus on 2.763-821 where the
daily bull channel top (2.787) is situated. Bears still need a close below 2.609
to ease bullish pressure and below 2.571 to hint at a correction back to
2.489-540 where the 21-DMA is noted.
JGB TECHS: (H18) 21 & 200-DMAs Key Resistance 
*RES 4: 150.56 - High Jan 15
*RES 3: 150.51 - 21-DMA
*RES 2: 150.48 - Alternating support/resistance
*RES 1: 150.38 - Hourly support Jan 26 now resistance
*PRICE: 150.36 @ 2030GMT
*SUP 1: 150.25 - 2018 Low Jan 18 
*SUP 2: 150.19 - Low Oct 23 
*SUP 3: 150.08 - Monthly Low Oct 3 
*SUP 4: 150.06 - Low July 20
*COMMENTARY: The recovery from 2018 lows has remained capped ahead of the 21-DMA
with bulls needing a close above to ease bearish pressure and above the 200-DMA
(150.63) to shift initial focus to 150.71-76 where 55 & 100-DMAs are situated.
Bears remain focused on the break of 150.19 needed to reconfirm focus on
150.06-08 and hint at a move targeting the 200-WMA (149.19).
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]

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