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MNI Asian Morning FI Technical Analysis

23 February 2018
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (H18) 97.790 Support Reconfirms Significance 
*RES 4: 97.950 - High Dec 15 
*RES 3: 97.905 - 2018 High Jan 8 
*RES 2: 97.903 - 100-DMA 
*RES 1: 97.890 - High Feb 9
*PRICE: 97.885 @ 2030GMT
*SUP 1: 97.860 - Low Feb 22 
*SUP 2: 97.835 - Hourly support Feb 21 
*SUP 3: 97.790 - Low Feb 8 
*SUP 4: 97.755 - Low Feb 5
*COMMENTARY: The 97.790 support reconfirmed significance with yet another dip
back towards this level running into support and the resulting bounce seeing
immediate pressure back on 97.890-905 where the 100-DMA is noted. Bulls look for
a close above to shift focus to 97.950-981 where the 200-DMA is noted. The
97.790 support remains key. Bears still need a close below 97.790 to return
focus to 97.690-705 with a close below 97.755 to add weight to their case.
     AUSSIE 10-YR TECHS: (H18) Gaining Traction Above Bear Channel Top 
*RES 4: 97.2490 - 55-DMA
*RES 3: 97.2350 - High Feb 6
*RES 2: 97.2000 - High Feb 7
*RES 1: 97.1850 - High Feb 9
*PRICE: 97.1650 @ 2030GMT
*SUP 1: 97.1550 - Hourly support Feb 22
*SUP 2: 97.1250 - Low Feb 22
*SUP 3: 97.1050 - Hourly support Feb 21
*SUP 4: 97.0800 - Low Feb 21
*COMMENTARY: Bullish confidence grows with H18 currently gaining traction above
the daily bear channel top (97.1550). Bulls continue to look for a close above
97.2000 to shift initial focus to 97.2350-2780 where 55 (97.2490) & 100
(97.2780) DMAs are situated. Bears now look for a close below 97.1250 to ease
pressure on resistance layers and shift focus back to 97.0450-0800 where 2018
lows are situated.
     US 10-YR FUTURE TECHS: (H18) 120-19+/120-27 Resistance Key Today
*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+ High Feb 21
*PRICE: 120-11+ @ 0530GMT
*SUP 1: 120-01  2018 Low Feb 15
*SUP 2: 119-24+ Daily Bear channel base
*SUP 3: 119-24  Low Apr 21 2011
*SUP 4: 118-24  Low Apr 13 2011
*COMMENTARY: The lack of follow through Thursday leaves a double daily bottom
120-01/02. Bears look for a close below 119-24 to confirm a break of the bear
channel base and 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 122-21+. The Bollinger base (119-26) & O/S
studies are concerns for bears.
     JGB TECHS: (H18) Above 151.02 To Initially Target 151.19-37 
*RES 4: 151.19 - Monthly High Nov 22
*RES 3: 151.02 - Monthly High Dec 4
*RES 2: 150.98 - 100-WMA
*RES 1: 150.97 - Daily Bear channel top
*PRICE: 150.92 @ 2030GMT
*SUP 1: 150.85 - High Feb 21 now support 
*SUP 2: 150.76 - Low Feb 22 
*SUP 3: 150.71 - High Feb 15 now support 
*SUP 4: 150.62 - 100-DMA
*COMMENTARY: Fresh 2018 and 2mth highs continue with bulls now focused on
150.97-151.02 where the daily bear channel top is noted. A close above 151.02 is
needed to shift focus to 151.19-37. Daily studies now at O/B levels is the key
concern for bulls. In saying that, bears now need a close below 150.85 to ease
pressure on resistance layers and below 150.71 to 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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