MNI Asian Morning FI Technical Analysis

9 February 2018

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (H18) Above 97.910 To Shift Focus Higher 

*RES 4: 97.885 - High Feb 6 

*RES 3: 97.882 - 55-DMA 

*RES 2: 97.855 - High Feb 7 

*RES 1: 97.840 - High Feb 8

*PRICE: 97.820 @ 2030GMT

*SUP 1: 97.790 - Low Feb 8 

*SUP 2: 97.755 - Low Feb 5 

*SUP 3: 97.705 - Low Jan 31 

*SUP 4: 97.690 - 2018 Low Jan 19

*COMMENTARY: The recovery from 2018 lows is looking in trouble having been

aggressively rejected ahead of 55 & 100-DMAs Tuesday and remaining capped on

attempts to rally since. Bulls look for a close above 97.910 to confirm breaks

of DMAs and shift focus to 97.995-98.015 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) Bears Focused On Weekly Bull Channel Base 

*RES 4: 97.2816 - 100-DMA

*RES 3: 97.2350 - High Feb 6

*RES 2: 97.2000 - Hourly resistance Feb 6

*RES 1: 97.1750 - High Feb 7

*PRICE: 97.1050 @ 2030GMT

*SUP 1: 97.0801 - Bollinger band base

*SUP 2: 97.0700 - Hourly support Feb 5

*SUP 3: 97.0451 - Daily Bear channel base

*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 97.1750 to ease

immediate bearish pressure and above 97.2350 to shift focus to 97.2810-3400

where 100 & 200-DMAs are located.

     US 10-YR FUTURE TECHS: (H18) 121-23/122-20 Resistance Region Key

*RES 4: 122-20 Low Jan 12 now resistance

*RES 3: 122-05+ Hourly resistance Feb 6a

*RES 2: 121-23 Hourly resistance Feb 6

*RES 1: 121-09 Hourly resistance Feb 7

*PRICE: 120-29+ @ 0530GMT

*SUP 1: 120-20+ Bollinger band base

*SUP 2: 120-17 2018 Low Feb 8

*SUP 3: 119-24 Low Apr 21 2011

*SUP 4: 118-24 Low Apr 13 2011

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

contract rejected ahead of key 122-20 resistance and remaining heavy. The break

below 121-10+ reconfirmed initial focus to 2018 lows and then below 120-17 to

target the 117-29/119-24 support region where levels last seen in 2011 are

noted. Bulls need a close above 121-23+ to gain breathing room and above 122-20

to shift initial focus to 123-05+/20 where the 55-DMA (123-09+) is noted.

     US 10-YR YIELD TECHS: Bears Need Close Below 2.741

*RES 4: 3.073 - Low July 6 2011 now resistance 

*RES 3: 3.041 - 2014 High Jan 2 

*RES 2: 2.912 - High Jan 15 2014 

*RES 1: 2.885 - 2018 High Feb 6

*PRICE: 2.849 @ 2030GMT

*SUP 1: 2.807 - High Feb 6 now support 

*SUP 2: 2.741 - Hourly support Feb 6 

*SUP 3: 2.691 - Hourly support Feb 6a 

*SUP 4: 2.679 - 21-DMA

*COMMENTARY: Bulls take comfort in the recovery from the sell-off with the yield

recovering from around the 21-DMA this week to retain pressure on 2018 highs.

Immediate focus has returned to the 2.885-912 with overall focus on 2014 highs.

Bears need a close below 2.741 to confirm an easing of bullish pressure and to

shift initial focus back to 2.648-691 where the 21-DMA is located. O/B daily

studies looking to correct remain the key concern for bulls.

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

*RES 4: 150.67 - 55-DMA

*RES 3: 150.63 - High Feb 6

*RES 2: 150.61 - 200-DMA

*RES 1: 150.52 - High Feb 7

*PRICE: 150.43 @ 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]