MNI Asian Morning FI Technical Analysis

20 March 2018

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (M18) 55-DMA Key Support This Week 

*RES 4: 97.969 - Daily Bear channel top off 2017 high 

*RES 3: 97.949 - 200-DMA 

*RES 2: 97.935 - High Mar 15 

*RES 1: 97.905 - High Mar 16

*PRICE: 97.865 @ 2030GMT

*SUP 1: 97.855 - Low Mar 19 

*SUP 2: 97.841 - 55-DMA 

*SUP 3: 97.830 - Bollinger band base 

*SUP 4: 97.790 - Low Feb 8

*COMMENTARY: The recovery from 55-DMA tests stalled ahead of the 97.949-993

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) Bulls Need Close Above 55-WMA 

*RES 4: 97.3850 - 2018 High Jan 8

*RES 3: 97.3291 - Bollinger band top

*RES 2: 97.3206 - 55-WMA

*RES 1: 97.3044 - 200-DMA

*PRICE: 97.2950 @ 2030GMT

*SUP 1: 97.2475 - Lows Mar 15 & 16

*SUP 2: 97.2350 - High Mar 9 now support

*SUP 3: 97.2156 - 21-DMA

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

*COMMENTARY: The rally from 97.1750 is 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. Bears

need a close below 97.2350 to ease bullish pressure and below 97.1750 to confirm

a break of the 55-DMA (97.2010) and bull channel base, targeting 97.0450 2018

lows.

     US 10-YR FUTURE TECHS: (M18) 120-23/121-04+ Resistance Key This Week

*RES 4: 121-04+ 55-DMA

*RES 3: 121-01+ High Feb 7

*RES 2: 120-23  High Mar 1

*RES 1: 120-20  Bollinger band top

*PRICE: 120-12+ @ 2030GMT

*SUP 1: 120-02+ Low Mar 19

*SUP 2: 119-26+ Lows Mar 6 & 9

*SUP 3: 119-21  Repeated Daily lows Feb

*SUP 4: 119-20+ Bollinger band base

*COMMENTARY: The 120-23/121-04+ resistance region where the 55-DMA is noted

remains key with the 120-23 level capping last week and reconfirming

significance. Bulls need a close above 120-23 to hint at a move to 122-02 with

above the 55-DMA to confirm. The Bollinger band top (120-20+) remains the key

concern for bulls. Bears need a close below 120-02+ to ease pressure on

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

     US 10-YR YIELD TECHS: 2.883-2.957 Resistance Region Key

*RES 4: 2.933 - Bollinger band top 

*RES 3: 2.925 - High Feb 27 

*RES 2: 2.892 - Hourly resistance Mar 12 

*RES 1: 2.883 - High Mar 13

*PRICE: 2.854 @ 2030GMT

*SUP 1: 2.830 - Low Mar 19 

*SUP 2: 2.793 - Low Mar 2 

*SUP 3: 2.786 - Low Feb 9 

*SUP 4: 2.758 - Low Feb 7

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

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

close below 2.758 to end bullish hopes and shift initial focus back to 2.696

although the 55-DMA (2.737) may slow the move. Bulls continue to look for a

close above 2.883 to gain breathing room with a close above 2.957 2018 highs to

shift focus back to tests of 3.041 2014 highs.

     JGB TECHS: (M18) Layers Of Resistance 150.97-151.19

*RES 4: 151.19 - Monthly High Nov 22

*RES 3: 151.15 - 2018 High Mar 2

*RES 2: 151.06 - High Mar 12

*RES 1: 150.97 - Low Mar 13 now resistance

*PRICE: 150.88 @ 2030GMT

*SUP 1: 150.85 - Hourly support Mar 16, Low Mar 19 

*SUP 2: 150.73 - High Mar 14 now support 

*SUP 3: 150.67 - Bollinger band base 

*SUP 4: 150.62 - 200-DMA

*COMMENTARY: The recovery from 200-DMA tests that defined last week is

struggling with follow through lacking above the 21-DMA (150.90). Bulls now need

a close above 150.97 to confirm focus on layers of resistance 151.15-19. The

150.85 support is key today. Bears now need a close below this level to return

focus to 150.55-150.73 where key DMAs are clustered. Below 150.55 is needed to

target 150.36 and then 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]