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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]

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