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Free AccessMNI Asian Morning FI Technical Analysis
5 March 2018
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (H18) 55-DMA & 98.015 Levels Key
*RES 4: 98.015 - Alternating daily support resistance
*RES 3: 97.986 - 200-WMA
*RES 2: 97.972 - 200-DMA
*RES 1: 97.955 - High Dec 15
*PRICE: 97.915 @ 2030GMT
*SUP 1: 97.875 - Low Mar 1
*SUP 2: 97.835 - 55-DMA
*SUP 3: 97.790 - Low Feb 8
*SUP 4: 97.755 - Low Feb 5
*COMMENTARY: Support emerging on dips ensures that focus remains on layers of
resistance 97.955-98.015 resistance with key MAs and the daily bear channel top
off June highs situated in this region. Bulls need a close above 98.015 to shift
initial focus to 98.111-135 where the 100-WMA and Nov highs are noted. Bears
continue to 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) 21 & 200-DMAs Key This Week
*RES 4: 97.3225 - 200-DMA
*RES 3: 97.3175 - 55-WMA
*RES 2: 97.3050 - High Mar 2
*RES 1: 97.2450 - Hourly support Mar 1 now resistance
*PRICE: 97.2350 @ 2230GMT
*SUP 1: 97.2227 - 55-DMA
*SUP 1: 97.1950 - Low Feb 28
*SUP 2: 97.1750 - Hourly resistance Feb 23 now support
*SUP 4: 97.1595 - 21-DMA
*COMMENTARY: Bulls take comfort in support emerging on dips back towards 97.175.
In saying that, bulls still 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 now
need a close below the 21-DMA to shift focus back to 97.0167-0450 where 2018
lows and the LT bull channel base are noted.
US 10-YR FUTURE TECHS: (M18) 121-01+ Resistance Remains Key
*RES 4: 122-02 Monthly High Feb 6
*RES 3: 121-26+ 55-DMA
*RES 2: 121-01+ High Feb 7
*RES 1: 120-26+ Daily Bear channel top (off Jan 2 high)
*PRICE: 120-06 @ 2230GMT
*SUP 1: 120-14 High Feb 26 now support
*SUP 2: 120-07+ 21-DMA
*SUP 3: 120-00 Alternating hourly support/resistance
*SUP 4: 119-21 Repeated Daily lows Feb
*COMMENTARY: Bulls failed to capitalise on gains with the contract remaining
capped ahead of the bear channel top. Bulls still need a close above 121-01+ to
shift initial focus to 121-26+/122-02 where the 55-DMA is located. Support
layers emerging adds to bullish confidence with bears still needing a close
below 120-00 to shift focus away from resistance layers and initially pressure
119-14 Feb lows. A close below targets the channel base (118-21+).
US 10-YR YIELD TECHS: Bulls Need Close Above 2.875
*RES 4: 3.041 - 2014 High Jan 2
*RES 3: 2.957 - 2018 High Feb 21
*RES 2: 2.925 - High Feb 27
*RES 1: 2.875 - High Mar 1
*PRICE: 2.857 @ 2230GMT
*SUP 1: 2.830 - Hourly support Feb 2
*SUP 2: 2.793 - Low Mar 2
*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 was less
than ideal for bulls who were focused on 3.041 2014. Bears have so far failed to
capitalise on last week's sell-off with the yield bouncing from ahead of key
supports. Bears look for a close below 2.758 to end bullish hopes and shift
focus back to 2.609-648 where the 55-DMA is noted. Bulls need a close above
2.875 to gain breathing room.
JGB TECHS: (H18) Looking A Little Heavy
*RES 4: 151.19 - Monthly High Nov 22
*RES 3: 151.15 - 2018 High Mar 2
*RES 2: 150.98 - Hourly support Mar 2 now resistance
*RES 1: 150.89 - Hourly resistance Mar 2
*PRICE: 150.77 @ 2030GMT
*SUP 1: 150.73 - Hourly support Mar 2
*SUP 2: 150.55 - Low Mar 2
*SUP 3: 150.51 - Low Feb 15
*SUP 4: 150.47 - Low Feb 13
*COMMENTARY: A volatile Friday saw Fresh 2018 & 3mth highs before the Bollinger
band top (151.10) limited follow through. The contract is looking a little heavy
with bears now focused on the close below 150.47 to confirm focus on 2018 lows.
Daily studies are well placed for losses. Bulls now need a close above 150.98 to
gain breathing room and return focus to 151.15-19 where 2018 highs are located.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.