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MNI Asian Morning FI Technical Analysis

21 February 2018
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
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     AUSSIE 3-YR TECHS: (H18) Below 97.790 To Reconfirm Focus on 2018 Low 
*RES 4: 97.890 - High Feb 9 
*RES 3: 97.875 - High Feb 14 
*RES 2: 97.859 - 55-DMA 
*RES 1: 97.860 - High Feb 19
*PRICE: 97.830 @ 2030GMT
*SUP 1: 97.808 - 21-DMA 
*SUP 2: 97.790 - Low Feb 8 
*SUP 3: 97.755 - Low Feb 5 
*SUP 4: 97.705 - Low Jan 31
*COMMENTARY: Hesitation around the 55-DMA has taken its toll with correcting
modestly O/B studies adding weight to the bearish case. In saying that, bears
still need a close below 97.790 to confirm a break of the 21-DMA and return
focus to 97.690-705 with a close below 97.755 to add weight to their case. Bulls
still need a close above 97.875 to gain breathing room and above 97.905 to shift
focus to 97.950-98.011.
     AUSSIE 10-YR TECHS: (H18) Weekly Bull Channel Base The Focus 
*RES 4: 97.1850 - High Feb 9
*RES 3: 97.1700 - High Feb 14
*RES 2: 97.1620 - Daily Bear channel top
*RES 1: 97.1300 - High Feb 19
*PRICE: 97.1150 @ 2030GMT
*SUP 1: 97.0850 - Low Feb 20
*SUP 2: 97.0450 - 2018 Low Feb 6
*SUP 3: 96.9650 - Monthly Low Dec 7 2015
*SUP 4: 96.9500 - Daily Bear channel base
*COMMENTARY: Topside failures ahead of the 97.1850 resistance resulted in a
close below 97.1250 and focus firmly on the weekly bull channel base (96.9080).
Bears look for a close below 96.7900 (2015 low) to confirm a break of the
channel base and potentially target 95.5800. Bulls need a close above 97.1300 to
gain breathing room and above 97.2350 to shift initial focus to 97.2590-3290
where 55, 100 & 200-DMAs are located.
     US 10-YR FUTURE TECHS: (H18) 120-27 Resistance Key This Week
*RES 4: 121-29+ Daily Bear Channel top
*RES 3: 121-23  Hourly resistance Feb 6
*RES 2: 121-08  Hourly support Feb 9 now resistance
*RES 1: 120-27  Low Feb 13 now resistance
*PRICE: 120-17 @ 2030GMT
*SUP 1: 120-04+ Hourly support Feb 15
*SUP 2: 120-01  2018 Low Feb 15
*SUP 3: 119-26+ Daily Bear channel base
*SUP 4: 119-24  Low Apr 21 2011
*COMMENTARY: Hesitation ahead of recent 2018 & 7yr lows is less than ideal for
bears who are currently focused on 117-29/119-24 last seen in 2011 with below
120-01 needed to add weight to the case. Bulls continue to look for a close
above 120-27 to gain breathing room and above 121-23 to hint at a correction to
122-20/123-05+ with the 55-DMA at 122-25+. The Bollinger base (120-08) remains
the key concern for bears.
     JGB TECHS: (H18) Bears Need Close Below 150.71 
*RES 4: 151.02 - Monthly High Dec 4
*RES 3: 150.98 - 100-WMA
*RES 2: 150.97 - Daily Bear channel top
*RES 1: 150.84 - 2018 High Jan 4
*PRICE: 150.73 @ 2030GMT
*SUP 1: 150.71 - High Feb 15 now support 
*SUP 2: 150.62 - 100-DMA 
*SUP 3: 150.51 - Low Feb 15 
*SUP 4: 150.47 - Low Feb 13
*COMMENTARY: Hesitation around key DMAs came to an end with a rally and close
above DMAs Friday that shifted bullish focus to 150.84-151.02 where the 100-WMA
and monthly highs are situated. Layers of support remain in place with bears
needing a close below 150.71 to gain breathing room and return initial focus to
150.47-51. Below 150.36 is needed to shift focus back to 150.09 2018 lows.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]

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