MNI Asian Morning FI Technical Analysis

27 March 2018

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (M18) Above 97.870 To Ease Bearish Pressure 

*RES 4: 97.939 - 200-DMA 

*RES 3: 97.935 - High Mar 15 

*RES 2: 97.901 - 100-DMA 

*RES 1: 97.870 - Lows Mar 16 & 19 now resistance

*PRICE: 97.835 @ 2030GMT

*SUP 1: 97.810 - Hourly support Mar 23 

*SUP 2: 97.745 - Low Mar 21 

*SUP 3: 97.705 - 2018 Low Jan 31 

*SUP 4: 97.604 - 2015 Low Dec 15 2015

*COMMENTARY: Volatile trading continues with the contract recovering from 2mth

lows and flirting with the 55-DMA (97.837). Bulls still need a close above

97.870 to ease bearish pressure and above the 100-DMA to return focus to

97.935-993 where key WMAs, the 200-DMA and daily bear channel top are noted.

Bears continue to focus on 2018 lows while the 97.870 caps and need a close

below 97.810 to add weight to their case.

     AUSSIE 10-YR TECHS: (M18) Bears Need Close Below 97.2750 

*RES 4: 97.5000 - High Dec 8

*RES 3: 97.4691 - 100-WMA

*RES 2: 97.3850 - 2018 High Jan 8

*RES 1: 97.3550 - High Mar 23

*PRICE: 97.3150 @ 2030GMT

*SUP 1: 97.2750 - Alternating hourly support/resistance

*SUP 2: 97.1993 - 55-DMA

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

*SUP 4: 97.1747 - Bollinger band base

*COMMENTARY: The bounce from the 55-DMA last week saw the contract flirting with

the Bollinger top (97.3415) only to remain capped around 97.3550-3850. Bulls now

need a close above 98.3850 to shift focus to 97.5000-5399 where the 100-WMA is

noted. Bears now need a close below 97.2750 to ease bullish pressure and below

97.1750 to confirm traction below the 55-DMA and target 2018 lows.

     US 10-YR FUTURE TECHS: (M18) Bears Need Close Below 120-11

*RES 4: 122-09+ 100-DMA

*RES 3: 122-02  Monthly High Feb 6

*RES 2: 121-01+ High Feb 7

*RES 1: 120-27+ 55-DMA

*PRICE: 120-12+ @ 2030GMT

*SUP 1: 120-11  Low Mar 26

*SUP 2: 120-03  Low Mar 22

*SUP 3: 119-21+ Repeated Daily lows Feb

*SUP 4: 119-14  Monthly Low Feb 15

*COMMENTARY: The lack of follow through and bounce from 119-14/21+ has resulted

in a break of the 120-23 resistance that repeatedly capped, with immediate focus

now on 120-27+/121-01+ where the 55-DMA is noted. Bulls need a close above

121-01+ to end bearish hopes and shift focus to 122-02/19+ where Feb highs, the

100-DMA and 100-WMA are found. Bears need a close below 120-11 to gain breathing

room.

     US 10-YR YIELD TECHS: Support Emerging Ahead Of 55-DMA

*RES 4: 2.957 - 2018 High Feb 21 

*RES 3: 2.936 - High Feb 21 

*RES 2: 2.889 - High Mar 22 

*RES 1: 2.859 - 21-DMA

*PRICE: 2.828 @ 2030GMT

*SUP 1: 2.815 - Low Mar 26 

*SUP 2: 2.786 - Low Feb 9 

*SUP 3: 2.775 - 55-DMA 

*SUP 4: 2.758 - Low Feb 7

*COMMENTARY: Bulls take comfort in support emerging ahead of the 2.758-786

support region where the 55-DMA is located with pressure now on the 21-DMA.

Bulls now look for a close above the 21-DMA to gain breathing room and above

2.889 to shift focus back to 2.936-957. Bears continue to look for a close below

2.758 to end bullish hopes and initially target 2.585-648.

     JGB TECHS: (M18) Immediate Focus On 151.13-19

*RES 4: 151.19 - Monthly High Nov 22

*RES 3: 151.15 - 2018 High Mar 2

*RES 2: 151.13 - Bollinger band top

*RES 1: 151.06 - High Mar 12

*PRICE: 150.93 @ 2030GMT

*SUP 1: 150.82 - Low Mar 22 

*SUP 2: 150.73 - High Mar 14 now support, Bull channel base 

*SUP 3: 150.72 - Bollinger band base 

*SUP 4: 150.62 - 200-DMA

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

little trouble with the failure around 151.06 leaving it looking a little heavy.

Bears now need a close below 150.82 to shift focus back to layers of support

150.55-73 where 55, 100 & 200-DMAs are located. Bulls now need a close above

151.06 to reconfirm initial focus on 151.13-19 where the Bollinger top, 2018

high and Nov monthly high are located.

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

[TOPICS: MTABLE]