MNI Asian Morning FI Technical Analysis

28 February 2018

By Kyle Shortland

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

http://tinyurl.com/phluope

     AUSSIE 3-YR TECHS: (H18) Pressure Back On 97.890 Key Support 

*RES 4: 98.015 - Alternating daily support resistance 

*RES 3: 97.982 - 200-WMA 

*RES 2: 97.976 - 200-DMA 

*RES 1: 97.955 - High Dec 15

*PRICE: 97.900 @ 2030GMT

*SUP 1: 97.890 - High Feb 9 now support 

*SUP 2: 97.841 - 55-DMA 

*SUP 3: 97.790 - Low Feb 8 

*SUP 4: 97.755 - Low Feb 5

*COMMENTARY: Hesitation ahead of the 97.955-98.015 resistance region to start

the new week is less than ideal for bulls with key MAs and the daily bear

channel top off June highs are situated. Layers of support have accumulated but

bears look for a close below 97.890 to ease bullish pressure and below 97.790 to

return initial focus to tests of 2018 lows (97.690). The Bollinger band top

(97.928) is the key concern for bulls and currently limits follow through.

     AUSSIE 10-YR TECHS: (H18) 97.1750 Support Key Today 

*RES 4: 97.3274 - 200-DMA

*RES 3: 97.2800 - High Jan 11, 100-DMA

*RES 2: 97.2658 - 200-WMA

*RES 1: 97.2250 - Daily Bear channel top (off Dec 4 high)

*PRICE: 97.2150 @ 2030GMT

*SUP 1: 97.2000 - Hourly support Feb 26

*SUP 2: 97.1750 - Hourly resistance Feb 23 now support

*SUP 3: 97.1250 - Low Feb 22

*SUP 4: 97.0800 - Low Feb 21

*COMMENTARY: The recovery from dips back towards the LT bull channel base

(97.0037) off 2008 lows looks to be in trouble with H18 remaining capped at the

daily bear channel top with key MAs noted above. Bears now look for a close

below 97.1750 to shift focus back to 97.0037-0450 where 2018 lows and the LT

bull channel base are noted. Bulls now look for a close above the 200-DMA to

target 97.5200.

     US 10-YR FUTURE TECHS: (H18) 121-08/23+ Resistance Now Key

*RES 4: 121-23+ Daily Bear channel top (off Dec 29 High)

*RES 3: 121-08  Hourly support Feb 9 now resistance

*RES 2: 121-00+ High Feb 26

*RES 1: 120-18+ Hourly support Feb 26 now resistance

*PRICE: 120-14+ @ 2030GMT

*SUP 1: 120-01 2018 Low Feb 15

*SUP 2: 119-24  Low Apr 21 2011

*SUP 3: 119-20+ Daily Bear channel base

*SUP 4: 118-24  Low Apr 13 2011

*COMMENTARY: The lack of follow through Thursday left a double daily bottom

120-01/02 with the recovery capped around the 21-DMA. Bulls need a close above

121-08 to gain breathing room and above the bear channel top to hint at a

correction to 122-14+/20. Bears take comfort in the close back below 120-15+

that sees focus reconfirmed on 119-20+/24 where the bear channel base is

situated. The Bollinger base (119-28+) is the key concern for bears.

     JGB TECHS: (H18) Topside Follow Through Lacking 

*RES 4: 151.19 - Monthly High Nov 22

*RES 3: 151.06 - Bollinger band top

*RES 2: 151.03 - 2018 High Feb 27

*RES 1: 151.00 - 100-WMA

*PRICE: 150.95 @ 2030GMT

*SUP 1: 150.85 - High Feb 22 now support 

*SUP 2: 150.82 - Low Feb 23 

*SUP 3: 150.71 - Repeated daily lows Feb 

*SUP 4: 150.63 - 55-DMA

*COMMENTARY: Fresh 2018 and 3mth highs continue but the lack of follow through

combined with daily momentum divergence and O/B studies in general is a concern

for bulls. Bears now need a close below 150.82 to confirm an easing of bullish

pressure and below 150.71 to shift initial focus to key DMAs clustered

150.57-150.64. Bulls now need a close above 151.03 to confirm focus on

151.19-51.

--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com

[TOPICS: MTABLE]