MNI Asian Morning FI Technical Analysis

6 February 2018

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (H18) Bears Need Close Below 97.755 

*RES 4: 97.899 - 100-DMA 

*RES 3: 97.894 - 55-DMA 

*RES 2: 97.855 - High Jan 10 

*RES 1: 97.840 - High Feb 1

*PRICE: 97.795 @ 2030GMT

*SUP 1: 97.755 - Low Feb 5 

*SUP 2: 97.705 - Low Jan 31 

*SUP 3: 97.690 - 2018 Low Jan 19, Bollinger band base 

*SUP 4: 97.605 - 2015 Low Dec 12

*COMMENTARY: Gains last week lacked follow through with the contract looking a

little offered to end the week. The break of 97.770 has so far lacked follow

through with bears now needing a close below 97.755 to see focus return to the

97.690-705 support region. The 97.855 resistance remains key this week. Bulls

need a close above this level to confirm immediate focus on 97.894-899 where 55

& 100-DMAs are situated.

     AUSSIE 10-YR TECHS: (H18) Finding Support Ahead Of Weekly Bull Channel Base

*RES 4: 97.2200 - Hourly support Jan 17 now resistance

*RES 3: 97.1950 - High Jan 31

*RES 2: 97.1850 - 21-DMA

*RES 1: 97.1350 - Low Feb 1 now resistance

*PRICE: 97.1100 @ 2030GMT

*SUP 1: 97.0700 - Hourly support Feb 5

*SUP 2: 97.0583 - Daily Bear channel

*SUP 3: 97.0450 - 2018 Low Feb 5

*SUP 4: 96.9874 - Weekly Bull channel base

*COMMENTARY: The weekly bull channel base comes in around 96.9874 this week with

bulls taking comfort in support emerging on dips back towards this level. Bears

look for a close below 96.9650 to confirm a break of the channel base and

potentially target 95.5895. Bulls now need a close above 97.1350 to ease

immediate bearish pressure and above 97.2200 to confirm a break of the 21-DMA

and shift initial focus to 97.2800-4000.

     US 10-YR FUTURE TECHS: (H18) Bullish Key Day Reversal

*RES 4: 122-10+ 21-DMA

*RES 3: 121-31 Low Jan 25 now resistance

*RES 2: 121-22 Hourly resistance Jan 31

*RES 1: 121-10+ Low Jan 31 now resistance

*PRICE: 121-08 @ 2030GMT

*SUP 1: 120-18 2018 Low Feb 5

*SUP 2: 119-24 Low Apr 21 2011

*SUP 3: 118-24 Low Apr 13 2011

*SUP 4: 117-29 Monthly Low Apr 8 2011

*COMMENTARY: Fresh 2018 & 6yr lows lacked follow through Monday with a bullish

key day reversal a concern given daily studies looking to correct from O/S

increasing the risk of a correction back to 122-10+/20 where the 21-DMA is

situated. Bears now need a close below 120-18 to reconfirm focus on

117-29/119-24 support region where levels last seen in 2011 are noted. O/S daily

studies remain the key concern for bears.

     US 10-YR YIELD TECHS: Bearish Key Day Reversal

*RES 4: 2.820 - Hourly support Feb 2 now resistance 

*RES 3: 2.801 - Alternating support/resistance 

*RES 2: 2.783 - Low Feb 2 now resistance 

*RES 1: 2.754 - Alternating support/resistance

*PRICE: 2.721 @ 2030GMT

*SUP 1: 2.696 - Low Jan 31 

*SUP 2: 2.676 - High Jan 25 now support 

*SUP 3: 2.654 - Hourly support Jan 26 

*SUP 4: 2.630 - 21-DMA

*COMMENTARY: The rally that has defined 2018 looks to be in trouble with a

bearish key day reversal taking out a number of support layers. Bears now look

for a close below 2.676 to shift focus to 2.585-630 where the 21-DMA is located.

Correcting O/B studies add weight to the bearish case. Bulls now need a close

above 2.781 to ease bearish pressure and above 2.820 to shift focus back to

2.885-212.

     JGB TECHS: (H18) Bullish Confidence Growing 

*RES 4: 150.62 - 200-DMA

*RES 3: 150.58 - Bollinger band top

*RES 2: 150.56 - High Jan 15

*RES 1: 150.46 - High Jan 26

*PRICE: 150.40 @ 2030GMT

*SUP 1: 150.34 - High Feb 5 now support 

*SUP 2: 150.20 - Low Feb 5 

*SUP 3: 150.09 - 2018 Low Feb 2 

*SUP 4: 150.08 - Monthly Low Oct 3

*COMMENTARY: The failure by bears to challenge the 150.06 support resulted in a

bounce to end the week. Layers of resistance remain with bulls now needing a

close above 150.46 to confirm a break of the 21-DMA and to shift focus to

150.56-70 where key DMAs are situated. Bears now need a close below 150.34 to

ease renewed bullish pressure and return focus to the close below 150.06 needed

to add weight to the case for a move targeting the 200-WMA (149.24).

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

[TOPICS: MTABLE]