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MNI Asian Morning FI Technical Analysis

1 March 2018
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (H18) Bears Now Need Close Below 55-DMA 
*RES 4: 98.015 - Alternating daily support resistance 
*RES 3: 97.982 - 200-WMA 
*RES 2: 97.975 - 200-DMA 
*RES 1: 97.955 - High Dec 15
*PRICE: 97.905 @ 2030GMT
*SUP 1: 97.839 - 55-DMA 
*SUP 2: 97.790 - Low Feb 8 
*SUP 3: 97.755 - Low Feb 5 
*SUP 4: 97.705 - Low Jan 31
*COMMENTARY: Hesitation ahead of the 97.955-98.015 resistance region to start
the new week was less than ideal for bulls with key MAs and the daily bear
channel top off June highs are situated. The break of 97.890 has lacked follow
through but layers of resistance remain an issue for bulls. Bears now look for a
close below the 55-DMA to ease bullish pressure and below 97.790 to return
initial focus to tests of 2018 lows (97.690).
     AUSSIE 10-YR TECHS: (H18) Layers of Resistance 97.2600-3220 
*RES 4: 97.3220 - 200-DMA
*RES 3: 97.2800 - High Jan 11, 100-DMA
*RES 2: 97.2620 - 200-WMA
*RES 1: 97.2600 - High Feb 28
*PRICE: 97.2250 @ 2030GMT
*SUP 1: 97.1950 - Low Feb 28
*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: Layers of resistance remain in the 97.2600-3220 region including
100 & 200-DMAs and the 200-WMA. Bulls need a close above the 200-DMA to hint at
a move back to 97.5200 Dec highs and above 97.3850 2018 highs to confirm. Bears
still need a close below 97.1750 to shift focus back to 97.0037-0450 where 2018
lows and the LT bull channel base are noted.
     US 10-YR FUTURE TECHS: (H18) Bulls Need Close Above Bear Channel Top
*RES 4: 121-19+ 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: 120-27+ 21-DMA
*PRICE: 120-21+ @ 2030GMT
*SUP 1: 120-08  Lows Feb 23 & 27
*SUP 2: 120-01  2018 Low Feb 15
*SUP 3: 119-24  Low Apr 21 2011
*SUP 4: 119-16+ Daily Bear channel base
*COMMENTARY: The lack of follow through Thursday left a double daily bottom
120-01/02 with the recovery capped by 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 122-12+/20. Failure to trouble 2018 lows so far is less than ideal
for bears with a close below needed to initially test the bear channel base and
hint at a move targeting 117-29/118-24.
     JGB TECHS: (H18) 150.82-85 Support Region Key 
*RES 4: 151.19 - Monthly High Nov 22
*RES 3: 151.10 - Bollinger band top
*RES 2: 151.05 - 2018 High Feb 27
*RES 1: 151.00 - 100-WMA
*PRICE: 150.93 @ 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: Recent 2018 and 3mth highs lacked follow through & when combined
with daily momentum divergence and O/B studies in general is a concern for
bulls. Bears still 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
150.59-150.65. Bulls now need a close above 151.05 to confirm focus on
151.19-51.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]

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