MNI Asian Morning FI Technical Analysis

13 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 Support Key This Week 

*RES 4: 97.989 - 200-WMA 

*RES 3: 97.959 - 200-DMA 

*RES 2: 97.908 - 100-DMA 

*RES 1: 97.860 - Hourly resistance Mar 12

*PRICE: 97.850 @ 2030GMT

*SUP 1: 97.833 - 55-DMA 

*SUP 2: 97.812 - Bollinger band base 

*SUP 3: 97.790 - Low Feb 8 

*SUP 4: 97.755 - Low Feb 5

*COMMENTARY: Recent topside hesitation ahead of the 200-DMA and 200-WMA has

taken its toll and currently weigh on the contract. Bears look for a close below

the 55-DMA to hint at a move back to 2018 lows with a close below 97.790 to

confirm. Layers of resistance accumulating are weighing with bulls needing a

close above the 100-DMA to gain breathing room and above 98.015 to shift initial

focus to 98.110-130 where the 100-WMA and Nov highs are noted.

     AUSSIE 10-YR TECHS: (H18) Bears Need Close Below 97.1750 

*RES 4: 97.3119 - 200-DMA

*RES 3: 97.3050 - High Mar 2

*RES 2: 97.2450 - Hourly support Mar 1 now resistance

*RES 1: 97.2025 - Hourly resistance Mar 12

*PRICE: 97.1975 @ 2030GMT

*SUP 1: 97.1838 - 21-DMA

*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: Topside hesitation around the 100-DMA (97.2842) and ahead of the

200-DMA took its toll with immediate pressure back on the 21-DMA. Bears now need

a close below 97.1750 to shift focus back to 97.0200-0450 where 2018 lows and

the LT bull channel base off 2008 lows are noted. Key resistance remains at

97.2450 with bulls needing a close above to return pressure to the 200-DMA &

55-WMA (97.3119-3166).

     US 10-YR FUTURE TECHS: (M18) Layers Of Resistance 120-13+/121-01+

*RES 4: 121-01+ High Feb 7

*RES 3: 120-23  High Mar 1

*RES 2: 120-14+ Hourly resistance Mar 7

*RES 1: 120-13+ Daily Bear channel top (off Jan 2 high)

*PRICE: 120-07 @ 2030GMT

*SUP 1: 119-26+ Lows Mar 6 & 9

*SUP 2: 119-21  Repeated Daily lows Feb

*SUP 3: 119-14  Monthly Low Feb 15

*SUP 4: 118-24  Low Apr 13 2011

*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 121-12+/122-02 where the 55-DMA is located. In saying

that, bears still need a close below 119-21 repeated Feb lows to confirm focus

on 118-08+/24 where the bear channel base that has defined 2018 so far is noted.

Daily studies remain at neutral levels.

     US 10-YR YIELD TECHS: 2.842 Support Key Today

*RES 4: 2.957 - 2018 High Feb 21 

*RES 3: 2.937 - Bollinger band top 

*RES 2: 2.925 - High Feb 27 

*RES 1: 2.892 - Hourly resistance Mar 12

*PRICE: 2.870 @ 2030GMT

*SUP 1: 2.842 - Low Mar 7 

*SUP 2: 2.815 - Bollinger band base 

*SUP 3: 2.810 - Low Mar 5 

*SUP 4: 2.793 - Low Mar 2

*COMMENTARY: The lack of topside follow through on 2018 & 4yr highs was less

than ideal for bulls who were focused on 3.041 2014. Last week bears failed to

capitalise on the recent sell-off with the yield bouncing from ahead of key

supports. Bears now need a close below 2.842 to gain breathing room and below

2.758 to end bullish hopes and shift focus back to 2.609-704 where the 55-DMA is

noted. Above 2.957 remains needed to reconfirm focus on 3.041.

     JGB TECHS: (H18) Above 151.19 To Target 2017 High 

*RES 4: 151.51 - 2017 High Sept 8

*RES 3: 151.19 - Monthly High Nov 22

*RES 2: 151.17 - Bollinger band top

*RES 1: 151.15 - 2018 High Mar 2

*PRICE: 151.01 @ 2030GMT

*SUP 1: 150.89 - Hourly resistance Mar 2 now support 

*SUP 2: 150.73 - Hourly support Mar 2 

*SUP 3: 150.55 - Low Mar 2 

*SUP 4: 150.51 - Low Feb 15

*COMMENTARY: Recent volatility has resulted in pressure returning to the

151.17-19 region where the Bollinger band top is situated. Bulls continue to

look for a close above 151.19 to initially target 151.51 2017 highs. The

Bollinger band top is the key concern for bulls with potential to limit follow

through. Bears still need a close below 150.89 to ease bullish pressure and

below 150.51 to target 2018 lows.

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

[TOPICS: MTABLE]