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MNI Asian Morning FI Technical Analysis

30 January 2018
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (H18) Above 21-DMA To Shift Focus Higher 
*RES 4: 97.855 - High Jan 10 
*RES 3: 97.793 - 21-DMA 
*RES 2: 97.780 - High Jan 17 
*RES 1: 97.770 - High Jan 24
*PRICE: 97.725 @ 2030GMT
*SUP 1: 97.710 - Low Jan 29 
*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
97.780-793 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: 97.2281 - 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: 97.1050 - 2018 Low Jan 22
*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 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 need a close above the 21-DMA ease bearish pressure
and above the 100-DMA (97.2930) to shift initial focus to 97.3493-4000 where 55
& 200-DMAs & the bear channel top are noted.
US 10-YR FUTURE TECHS: (H18) 122-20 Resistance Remains Key
*RES 4: 122-20 Low Jan 12 now resistance
*RES 3: 122-10+ Hourly resistance Jan 26
*RES 2: 122-04+ Hourly support Jan 25 now resistance
*RES 1: 121-31 Low Jan 25 now resistance
*PRICE: 121-26 @ 2030GMT
*SUP 1: 121-19+ Bollinger band base
*SUP 2: 121-18 2018 Low Jan 29
*SUP 3: 120-25+ Low Apr 29 2011
*SUP 4: 119-24 Low Apr 21 2011
*COMMENTARY: Fresh 2018 and 6+ year lows have lacked a little follow through
which is a concern given daily studies overdue a correction from O/S levels and
the Bollinger base limiting follow through. Bulls need a close above 122-04+ to
hint at a correction to 123-01+/123-20 with above 122-20 to confirm. Bears now
focus on 120-25+while 122-20 caps but need a close below 121-18 to add weight to
their case.
US 10-YR YIELD TECHS: Immediate Focus On 2.748-912
*RES 4: 2.912 - High Jan 15 2014 
*RES 3: 2.821 - Monthly High Mar 7 2014 
*RES 2: 2.748 - High Apr 22 2014 
*RES 1: 2.727 - 2018 High Jan 29
*PRICE: 2.697 @ 2030GMT
*SUP 1: 2.691 - Hourly resistance Jan 29 now support 
*SUP 2: 2.654 - Hourly support Jan 26 
*SUP 3: 2.609 - Low Jan 24 
*SUP 4: 2.585 - Low Jan 18
*COMMENTARY: The 2.609 support has now provided the base for fresh 2018 & 3+
year highs with immediate bullish focus on 2.748-912 and overall focus on 3.041
2014 highs (Jan 2). The Bollinger band top (2.724) is a concern and currently
limits follow through. Layers of support are building with bears needing a close
below 2.654 to ease bullish pressure and hint at a correction back to 2.554-609
where key supports and the 21-DMA are noted.
JGB TECHS: (H18) Overall Focus On 200-WMA 
*RES 4: 150.56 - High Jan 15
*RES 3: 150.48 - Alternating support/resistance, 21-DMA
*RES 2: 150.38 - Hourly support Jan 26 now resistance
*RES 1: 150.31 - High Jan 29
*PRICE: 150.26 @ 2030GMT
*SUP 1: 150.19 - Low Oct 23 
*SUP 2: 150.17 - Bollinger band base 
*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 (149.22).
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]

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