MNI Asian Morning FI Technical Analysis

7 February 2018

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (H18) Capped Ahead of Key DMAs 

*RES 4: 97.898 - 100-DMA 

*RES 3: 97.890 - 55-DMA 

*RES 2: 97.885 - High Feb 6 

*RES 1: 97.850 - Hourly resistance Feb 6

*PRICE: 97.800 @ 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: The recovery from 2018 lows is looking in trouble having been

aggressively rejected ahead of 55 & 100-DMAs Tuesday. Bulls now look for a close

above 97.910 to confirm breaks of DMAs and shift focus to 97.998-98.015 where

the 200-DMA is located. The 97.755 support remains key. Bears need a close below

97.755 to see focus return to the 97.690-705 support region.

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

*RES 4: 97.3185 - 55-DMA

*RES 3: 97.2817 - 100-DMA

*RES 2: 97.2350 - High Feb 6

*RES 1: 97.2000 - Hourly resistance Feb 6

*PRICE: 97.1200 @ 2030GMT

*SUP 1: 97.1000 - Hourly resistance Feb 5 now support

*SUP 2: 97.0790 - Bollinger band base

*SUP 3: 97.0700 - Hourly support Feb 5

*SUP 4: 97.0539 - Daily Bear 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 97.2305 to ease

immediate bearish pressure and shift focus to 97.2817-3425 where 100 & 200-DMAs

are located.

     US 10-YR FUTURE TECHS: (H18) Topside Follow Through Lacking

*RES 4: 122-30  Hourly resistance Jan 17

*RES 3: 122-20  Low Jan 12 now resistance

*RES 2: 122-05+ Hourly resistance Feb 6a

*RES 1: 121-23  Hourly resistance Feb 6

*PRICE: 121-12 @ 2030GMT

*SUP 1: 121-10+ Alternating support/resistance

*SUP 2: 120-18  2018 Low Feb 5

*SUP 3: 119-24  Low Apr 21 2011

*SUP 4: 118-24  Low Apr 13 2011

*COMMENTARY: Bulls have failed to capitalise on the bullish key day reversal

with the contract rejected ahead of key 122-20 resistance and remaining heavy.

Bears continue to look for a close below 121-10+ to return initial focus to 2018

lows and then below 120-18 to reconfirm focus on 117-29/119-24 support region

where levels last seen in 2011 are noted. Bulls still need a close above 122-20

to shift initial focus to 123-05+/20 where the 55-DMA is noted.

     US 10-YR YIELD TECHS: Bounces From 21-DMA

*RES 4: 2.912 - High Jan 15 2014 

*RES 3: 2.885 - 2018 High Feb 6 

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

*RES 1: 2.801 - Alternating support/resistance

*PRICE: 2.787 @ 2030GMT

*SUP 1: 2.741 - Hourly support Feb 6 

*SUP 2: 2.691 - Hourly support Feb 6a 

*SUP 3: 2.648 - 21-DMA 

*SUP 4: 2.609 - Low Jan 24

*COMMENTARY: Bulls take comfort in the recovery from Tuesday's sell-off with the

yield bouncing from around the 21-DMA. Bears continue to look for a close below

2.585 to confirm a break of the 21-DMA and shift focus to 2.489-522 where the

55-DMA and bull channel base are situated. The recovery sees focus back on

2.801-820 with bulls needing a close above 2.820 to shift focus back to

2.885-912.

     JGB TECHS: (H18) Capped By Key DMAs, Bears Need Close Below 150.34 

*RES 4: 150.69 - 55-DMA

*RES 3: 150.63 - High Feb 6

*RES 2: 150.61 - 200-DMA

*RES 1: 150.50 - Hourly resistance Feb 6

*PRICE: 150.41 @ 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 recovery from 2018 lows has stalled around key DMAs with the

topside rejection Tuesday leaving the contract looking a little heavy. Bears

still 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). Bulls now need a close above the 55-DMA to end

bearish hopes and shift initial focus to 150.84.

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

[TOPICS: MTABLE]