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MNI Asian Morning FI Technical Analysis 

22 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 Resistance Layers 
*RES 4: 97.905 - 2018 High Jan 8 
*RES 3: 97.903 - 100-DMA 
*RES 2: 97.890 - High Feb 9 
*RES 1: 97.875 - High Feb 14
*PRICE: 97.845 @ 2030GMT
*SUP 1: 97.814 - 21-DMA 
*SUP 2: 97.790 - Low Feb 8 
*SUP 3: 97.755 - Low Feb 5 
*SUP 4: 97.705 - Low Jan 31
*COMMENTARY: Failure to gain traction above the 55-DMA (97.850) and rejection
ahead of 97.875-905 leaves the contract looking heavy. Bulls look for a close
above this region to confirm a break of the 100-DMA and shift focus to
97.950-982 where the 200-DMA is noted. The 97.790 support remains key. 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.
     AUSSIE 10-YR TECHS: (H18) Daily Bear Channel Top Capping 
*RES 4: 97.2000 - High Feb 7
*RES 3: 97.1850 - High Feb 9
*RES 2: 97.1600 - High Feb 21
*RES 1: 97.1550 - Daily Bear channel top
*PRICE: 97.1200 @ 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: 96.9430 - Daily Bear channel base
*COMMENTARY: The daily bear channel top confirmed significance having capped
Wednesday. Layers of resistance remain 97.1550-2000 with bulls needing a close
above to shift initial focus to 97.2350-2770 where 55 (97.2540) & 100 (97.2770)
DMAs are situated. Bears now look for a close below 97.0850 to add weight to the
case for a test of the weekly bull channel base (96.9080).
     US 10-YR FUTURE TECHS: (H18) Pressuring Channel Base/2018 Low
*RES 4: 121-23  Hourly resistance Feb 6
*RES 3: 121-08  Hourly support Feb 9 now resistance
*RES 2: 120-27  Low Feb 13 now resistance
*RES 1: 120-19+ Low Feb 13 now resistance
*PRICE: 120-04+ @ 2030GMT
*SUP 1: 120-01  2018 Low Feb 15
*SUP 2: 119-26+ Daily Bear channel base
*SUP 3: 119-24  Low Apr 21 2011
*SUP 4: 118-24  Low Apr 13 2011
*COMMENTARY: Continued failures ahead of the 120-27 resistance are taking their
toll with immediate pressure back on 2018 lows. Bears look for a close below
119-24 to confirm a break of the bear channel base and to focus on 117-29/118-24
last seen in 2011. Bulls need 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
122-23+. The Bollinger base (119-27+) remains the key concern for bears.
     JGB TECHS: (H18) 150.71 Support Key 
*RES 4: 151.02 - Monthly High Dec 4
*RES 3: 150.98 - 100-WMA
*RES 2: 150.97 - Daily Bear channel top
*RES 1: 150.90 - High Dec 25
*PRICE: 150.80 @ 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: Fresh 2018 and 2mth highs see bulls gaining confidence and bulls
currently focused on 150.90-151.02 where the daily bear channel top is noted. A
close above 151.02 is now needed to shift focus to 151.19-37. Momentum
divergence is seen as a concern for bulls. In saying that, bears need 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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