MNI 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]