MNI Asian Morning FI Technical Analysis

16 March 2018

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (M18) Rejected Ahead Of Key Resistance 

*RES 4: 97.973 - Daily Bear channel top off 2017 high 

*RES 3: 97.953 - 200-DMA 

*RES 2: 97.935 - High Mar 15 

*RES 1: 97.900 - Alternating hourly support/resistance

*PRICE: 97.890 @ 2030GMT

*SUP 1: 97.860 - Low Mar 15 

*SUP 2: 97.835 - 55-DMA 

*SUP 3: 97.821 - Bollinger band base 

*SUP 4: 97.790 - Low Feb 8

*COMMENTARY: The recovery from 55-DMA tests has stalled ahead of the 97.953-990

region where the 200-DMA, 200-WMA and bear channel top off 2017 highs are noted

leaving M18 looking heavy. Bears continue to look for a close below the 55-DMA

to confirm a shift in initial focus to 97.790 and overall focus to 97.690 2018

lows. Bulls need a close above the channel top to hint at a move higher with

above 98.015 targeting 98.110-130.

     AUSSIE 10-YR TECHS: (M18) 200-DMA Capping For Now 

*RES 4: 97.3850 - 2018 High Jan 8

*RES 3: 97.3270 - Bollinger band top

*RES 2: 97.3184 - 55-WMA

*RES 1: 97.3074 - 200-DMA

*PRICE: 97.2900 @ 2030GMT

*SUP 1: 97.2700 - Hourly resistance Mar 15 now support

*SUP 2: 97.2350 - High Mar 9 now support

*SUP 3: 97.2063 - 21-DMA

*SUP 4: 97.1750 - Hourly resistance Feb 23 now support

*COMMENTARY: The rally from 97.1750 is currently hesitating around the 200-DMA

with the 55-WMA and Bollinger top lurking above. Bulls continue to look for a

close above the 55-WMA to initially target 97.3850 and then 97.5200 Nov/Dec

highs. Daily studies are well placed for gains. Bears now need a close below

97.2350 to ease bullish pressure and below 97.1750 to confirm a break of the

55-DMA and bull channel base targeting 97.0450 2018 lows.

     US 10-YR FUTURE TECHS: (M18) 120-23 Continues To Confirm Significance

*RES 4: 122-02  Monthly High Feb 6

*RES 3: 121-08+ 55-DMA

*RES 2: 121-01+ High Feb 7

*RES 1: 120-23  High Mar 1

*PRICE: 120-16+ @ 2030GMT

*SUP 1: 120-15  Hourly support Mar 15

*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 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: 2.758-793 Support Region Remains Key

*RES 4: 2.892 - Hourly resistance Mar 12 

*RES 3: 2.883 - High Mar 13 

*RES 2: 2.857 - High Mar 14 

*RES 1: 2.835 - High Mar 15

*PRICE: 2.826 @ 2030GMT

*SUP 1: 2.793 - Low Mar 2 

*SUP 2: 2.786 - Low Feb 9 

*SUP 3: 2.758 - Low Feb 7 

*SUP 4: 2.722 - 55-DMA

*COMMENTARY: The 2.758-793 support remains key and reconfirmed significance with

the correction from 2.914 currently finding support ahead of this region. Bears

continue to look for a close below 2.758 to end bullish hopes and shift initial

focus back to 2.696-722 where the 55-DMA is noted. Overall focus shifts to

2.609-648. The Bollinger base (2.808) is the key concern. Bulls need a close

above 2.883 to gain breathing room and above 2.925 to regain the upper hand.

     JGB TECHS: (M18) Bulls Need Close Above 150.90 

*RES 4: 151.06 - High Mar 12

*RES 3: 150.90 - Low Mar 9 now resistance

*RES 2: 150.89 - 21-DMA

*RES 1: 150.87 - Monthly High Nov 22

*PRICE: 150.80 @ 2030GMT

*SUP 1: 150.73 - High Mar 14 now support 

*SUP 2: 150.64 - Bollinger band base 

*SUP 3: 150.61 - 200-DMA 

*SUP 4: 150.55 - Low Mar 2

*COMMENTARY: Bulls take comfort in the 200-DMA supporting and the recovery that

sees initial focus on 150.87-90 where the Bollinger band top and 21-DMA are

situated. Bulls now need a close above 150.90 to shift initial focus to 151.06

and overall focus to 151.15-21 where 2018 and Nov highs are situated. 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.

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

[TOPICS: MTABLE]