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MNI Asian Morning FI Technical Analysis 

31 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: 97.789 - 21-DMA 
*RES 2: 97.780 - High Jan 17 
*RES 1: 97.770 - High Jan 24
*PRICE: 97.730 @ 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
97.780-789 region where the 21-DMA is located following the recovery 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: 97.2205 - 21-DMA
*RES 3: 97.2200 - Hourly support Jan 17 now resistance
*RES 2: 97.2050 - High Jan 24
*RES 1: 97.1700 - Repeated daily highs Jan
*PRICE: 97.1500 @ 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 (97.2904) to shift initial focus to 97.3390-4000 where 55
& 200-DMAs & the bear channel top are noted.
     US 10-YR FUTURE TECHS: (H18) Immediate Focus On 120-25+
*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: 121-21 @ 2030GMT
*SUP 1: 121-17  2018 Low Jan 30
*SUP 2: 121-15  Bollinger band base
*SUP 3: 121-08+ Daily Bear channel base
*SUP 4: 120-25+ Low Apr 29 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 122-26+/123-20 with above 122-20 to confirm. Bears
initially focus on 120-25+ while 122-20 caps but need a close below 121-17 to
add weight to their case.
     US 10-YR YIELD TECHS: Initial Focus On 2.748-912
*RES 4: 2.912 - High Jan 15 2014 
*RES 3: 2.821 - Monthly High Mar 7 2014 
*RES 2: 2.797 - Daily Bull channel top 
*RES 1: 2.748 - High Apr 22 2014
*PRICE: 2.726 @ 2030GMT
*SUP 1: 2.709 - Hourly support Jan 30 
*SUP 2: 2.690 - Hourly support Jan 29 
*SUP 3: 2.676 - High Jan 25 now support 
*SUP 4: 2.654 - Hourly support Jan 26
*COMMENTARY: The 2.609 support has 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 (2.744) is a concern and currently limits
follow through. Layers of support are building with bears needing a close below
2.676 to ease bullish pressure and below 2.654 to hint at a correction to
2.568-609 where key supports and the 21-DMA are noted.
     JGB TECHS: (H18) Overall Focus On 200-WMA 
*RES 4: 150.46 - 21-DMA
*RES 3: 150.38 - Hourly support Jan 26 now resistance
*RES 2: 150.31 - High Jan 29
*RES 1: 150.27 - High Jan 30
*PRICE: 150.22 @ 2030GMT
*SUP 1: 150.12 - 2018 Low Jan 30, Bollinger band base 
*SUP 2: 150.08 - Monthly Low Oct 3 
*SUP 3: 150.06 - Low July 20 
*SUP 4: 149.92 - Low July 14
*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 hint at a shift higher in focus with above 150.84 to target 151.19
Nov highs. Bears now focus on a the close below 150.06 needed to add weight to
the case for 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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