MNI Asian Morning FI Technical Analysis

15 March 2018

By Kyle Shortland

Click below for today's MNI FI Technical Analysis Report -

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (H18) Gaining Traction Above DMAs 

*RES 4: 98.015 - Alternating daily support resistance 

*RES 3: 97.990 - 200-WMA 

*RES 2: 97.974 - Daily Bear channel top off 2017 high 

*RES 1: 97.956 - 200-DMA

*PRICE: 97.930 @ 2030GMT

*SUP 1: 97.910 - 100-DMA 

*SUP 2: 97.885 - 21-DMA 

*SUP 3: 97.838 - 55-DMA 

*SUP 4: 97.815 - Bollinger band base

*COMMENTARY: The 55-DMA reconfirmed significance having supported and provided

the base for a bounce back towards 97.956-990 where the 200 DMA & WMA and bear

channel top are situated. Bulls continue to look for a close above 98.015 to

confirm a break of this region and shift focus to 98.110-130 where the 100-WMA

and Nov highs are noted. Bears now look for a close below the 21-DMA to gain

breathing room and below the 55-DMA to target 2018 lows.

     AUSSIE 10-YR TECHS: (H18) Focus Shifts To 55-WMA 

*RES 4: 97.3180 - 55-WMA

*RES 3: 97.3089 - 200-DMA

*RES 2: 97.3050 - High Mar 2

*RES 1: 97.2860 - 100-DMA

*PRICE: 97.2725 @ 2030GMT

*SUP 1: 97.2450 - Alternating hourly support/resistance

*SUP 2: 97.1964 - 21-DMA

*SUP 3: 97.1750 - Hourly resistance Feb 23 now support

*SUP 4: 97.1250 - Low Feb 22

*COMMENTARY: Pressure on the 21-DMA and 97.1750 failed to produce the close

below needed to shift focus back to 97.0200-0450 where 2018 lows and the LT bull

channel base off 2008 lows are noted. The likely close above 97.2450 sees focus

shift to the 55-WMA. A close above the 55-WMA initially targets 97.3850 and then

97.5200 Nov/Dec highs. Bears now need a close below 97.2450 to ease bullish

pressure and below 97.1750 to target 2018 lows.

     US 10-YR FUTURE TECHS: (M18) Bulls Need Close Above 120-23

*RES 4: 122-02  Monthly High Feb 6

*RES 3: 121-09+ 55-DMA

*RES 2: 121-01+ High Feb 7

*RES 1: 120-23  High Mar 1

*PRICE: 120-18 @ 2030GMT

*SUP 1: 120-16  Hourly resistance Mar 14 now support

*SUP 2: 120-07+ Low Mar 14

*SUP 3: 120-02+ 21-DMA

*SUP 4: 119-26+ Lows Mar 6 & 9

*COMMENTARY: Bulls take comfort in pressure returning to the 120-23 resistance

and continue to look for a close above to gain breathing room. A close above the

55-DMA is then needed to shift initial focus to 122-02. The Bollinger band top

(120-19+) remains the key concern for bulls. Layers of support are building with

bears now needing a close below the 21-DMA to ease pressure on resistance layers

and below 119-26+ to initially focus on 119-14.

     US 10-YR YIELD TECHS: Immediate Focus On 2.758-793

*RES 4: 2.892 - Hourly resistance Mar 12 

*RES 3: 2.883 - High Mar 13 

*RES 2: 2.857 - High Mar 14 

*RES 1: 2.826 - Hourly support Mar 14 now resistance

*PRICE: 2.815 @ 2030GMT

*SUP 1: 2.793 - Low Mar 2 

*SUP 2: 2.786 - Low Feb 9 

*SUP 3: 2.758 - Low Feb 7 

*SUP 4: 2.716 - 55-DMA

*COMMENTARY: The yield remains heavy with the recovery from 2.793 over and focus

back on the 2.758-793 support region. Bears continue to look for a close below

2.758 to end bullish hopes and shift initial focus back to 2.696-716 where the

55-DMA is noted. Overall focus shifts to 2.609-648. The Bollinger base (2.810)

is the key concern for bears. Bulls now need a close above 2.883 to gain

breathing room and above 2.925 to regain the upper hand.

     JGB TECHS: (M18) 150.55 Support Now Key 

*RES 4: 150.90 - Low Mar 9 now resistance

*RES 3: 150.87 - Monthly High Nov 22

*RES 2: 150.78 - High Mar 9

*RES 1: 150.74 - High Mar 14

*PRICE: 150.70 @ 2030GMT

*SUP 1: 150.61 - 200-DMA, Bollinger band base 

*SUP 2: 150.55 - Low Mar 2 

*SUP 3: 150.36 - High Feb 1 now support 

*SUP 4: 150.09 - 2018 Low Feb 2

*COMMENTARY: The 150.55 support remains key with bears needing a close below to

shift initial focus to 150.36 and overall focus back to 150.08-09 where 2018 and

Oct lows are noted. The Bollinger base is the key concern for bears with

potential to limit follow through. Bulls now need a close above 150.78 to shift

focus back to 150.87-90. Overall above 151.19 is needed to target 151.51 2017

highs.

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

[TOPICS: MTABLE]