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MNI Asian Morning FI Technical Analysis 

26 February 2018
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (H18) Focus Shifts To 97.955-98.015 
*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: 97.920 @ 2030GMT
*SUP 1: 97.905 - 100-DMA 
*SUP 2: 97.890 - High Feb 9 now support 
*SUP 3: 97.844 - 55-DMA 
*SUP 4: 97.790 - Low Feb 8
*COMMENTARY: The 97.790 support reconfirmed significance last week with the
recovery from the week's lows resulting in a close above the 100-DMA and initial
focus now on 97.955-98.015 where the 200-DMA, 55 & 200-WMAs are situated. Above
98.015 is needed to confirm focus on 98.110 Nov highs. Initial support is noted
at 98.890 with bears needing a close below to ease bullish pressure. Below
97.790 would return focus to 97.690-705.
     AUSSIE 10-YR TECHS: (H18) Remains Supported Ahead Of LT Bull Channel Base 
*RES 4: 97.2800 - High Jan 11
*RES 3: 97.2678 - Daily Bear channel top (off Dec 4 high)
*RES 2: 97.2410 - 55-DMA
*RES 1: 97.2350 - High Feb 6
*PRICE: 97.2100 @ 2030GMT
*SUP 1: 97.1750 - Hourly resistance Feb 23 now support
*SUP 2: 97.1250 - Low Feb 22
*SUP 3: 97.0800 - Low Feb 21
*SUP 4: 97.0450 - 2018 Low Feb 6
*COMMENTARY: Recent pressure on the LT bull channel base (97.0037) off 2008 lows
failed to produce a break lower with the bounce and close above 98.1850 proving
bulls comfort. Layers of resistance are noted 97.2350-3284 with bulls needing a
close above the 200-DMA (97.3284) to hint at a move back to 97.5200 and above
97.4000 to confirm. Bears need a close below 97.1750 to ease pressure on
resistance layers.
     US 10-YR FUTURE TECHS: (H18) Bulls Need Close Above 120-27
*RES 4: 121-24+ Daily Bear channel top (off Dec 29 High)
*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: 120-24 @ 2030GMT
*SUP 1: 120-15+ High Feb 22 now support
*SUP 2: 120-01  2018 Low Feb 15
*SUP 3: 119-24  Low Apr 21 2011
*SUP 4: 119-21+ Daily Bear channel base
*COMMENTARY: The lack of follow through Thursday left a double daily bottom
120-01/02 with the recovery capped so far by 120-27. Bulls still need a close
above 120-27 to gain breathing room and above 121-23 to hint at a correction to
122-18+/123-05+ with the 55-DMA at 122-18+. Correcting O/S studies are adding
support to the bullish case. Bears need a close below 120-15+ to retain focus on
119-21+/24.
     US 10-YR YIELD TECHS: Looking A Little Heavy
*RES 4: 3.041 - 2014 High Jan 2 
*RES 3: 2.989 - Bollinger band top 
*RES 2: 2.957 - 2018 High Feb 21 
*RES 1: 2.904 - Low Feb 22 now resistance
*PRICE: 2.871 @ 2030GMT
*SUP 1: 2.844 - Hourly breakout level Feb 14 
*SUP 2: 2.808 - Low Feb 14 
*SUP 3: 2.786 - Low Feb 9 
*SUP 4: 2.758 - Low Feb 7
*COMMENTARY: The lack of topside follow through on 2018 & 4yr highs is less than
ideal for bulls who are focused on the 3.041 2014 high. A close above 3.041 is
needed to initially focus on 3.073-223 where July 2011 monthly highs are
situated. O/B studies and the Bollinger top remain concerns. In saying that,
bears need a close below 2.844 to gain breathing room and below 2.808 to shift
initial focus to 2.758.
     JGB TECHS: (H18) Above 151.02 To Initially Target 151.19-51 
*RES 4: 151.19 - Monthly High Nov 22
*RES 3: 151.01 - High Dec 18
*RES 2: 151.00 - 100-WMA
*RES 1: 150.97 - 2018 High Feb 23
*PRICE: 150.92 @ 2030GMT
*SUP 1: 150.85 - High Feb 21 now support 
*SUP 2: 150.76 - Low Feb 22 
*SUP 3: 150.68 - Alternating daily support/resistance 
*SUP 4: 150.63 - 100-DMA
*COMMENTARY: Fresh 2018 and 2mth highs continue with bulls now focused on
151.01. A close above 151.01 is needed to shift focus to 151.19-51. 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
150.68 to return initial focus to 150.51-63 where key DMAs are clustered. 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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