MNI Asian Morning FI Technical Analysis

28 March 2018

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (M18) 97.905-98.015 Resistance Region Now Key 

*RES 4: 97.958 - Daily Bear channel top off 2017 high 

*RES 3: 97.937 - 200-DMA 

*RES 2: 97.935 - High Mar 15 

*RES 1: 97.899 - 100-DMA

*PRICE: 97.875 @ 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: The recovery from 2mth lows has gain traction above the 55-DMA

(97.837) and broken 97.870 which sees focus back on 97.905-98.015 where key

WMAs, the 200-DMA and daily bear channel top are noted. Bulls look for a close

above 98.015 to confirm breaks and shift initial focus to 98.110-130. The 97.810

support is key this week with bears now needing a close below to return focus to

97.690-745.

     AUSSIE 10-YR TECHS: (M18) Pressure On 2018 High & 100-WMA 

*RES 4: 97.5200 - Monthly High Dec 4

*RES 3: 97.5000 - High Dec 8

*RES 2: 97.4691 - 100-WMA

*RES 1: 97.3850 - 2018 High Jan 8

*PRICE: 97.3750 @ 2030GMT

*SUP 1: 97.3550 - High Mar 23 now support

*SUP 2: 97.2967 - 200-DMA

*SUP 3: 97.2750 - Alternating hourly support/resistance

*SUP 4: 97.2013 - 55-DMA

*COMMENTARY: The contract has found support around the 200-DMA this week

providing the impetus for a rally that is pressuring 2018 highs. Bulls look for

a close above the 100-WMA to confirm a break and a shift in initial focus to

97.5000-5200 where Dec highs are located. Initial support is now noted at

97.3550 but bears look for a close below the 200-DMA to hint at a correction

back to the 55-DMA.

     US 10-YR FUTURE TECHS: (M18) Above 121-01+ Targets 122-02/19+

*RES 4: 122-19+ 21-WMA

*RES 3: 122-09+ 100-DMA

*RES 2: 122-02  Monthly High Feb 6

*RES 1: 121-01+ High Feb 7

*PRICE: 121+00 @ 2030GMT

*SUP 1: 120-26+ 55-DMA

*SUP 2: 120-11  Low Mar 26 & 27

*SUP 3: 120-08+ 21-DMA

*SUP 4: 120-03  Low Mar 22

*COMMENTARY: The break of the 55-DMA sees immediate pressure on 121-01+ with

bulls needing a close above this level to shift focus to 122-02/19+ where Feb

highs, the 100-DMA and 100-WMA are found. The Bollinger band top (120-26+) is

the key concern for bulls. Bears now need a close below the 55-DMA to gain

breathing room and below the 21-DMA to shift focus back to 119-14/21+.

     US 10-YR YIELD TECHS: Closes Below 55-DMA

*RES 4: 2.936 - High Feb 21 

*RES 3: 2.859 - High Mar 27 

*RES 2: 2.815 - Low Mar 26 

*RES 1: 2.799 - Hourly support Mar 27 now resistance

*PRICE: 2.775 @ 2030GMT

*SUP 1: 2.758 - Low Feb 7 

*SUP 2: 2.648 - Monthly Low Feb 6 

*SUP 3: 2.609 - Low Jan 24 

*SUP 4: 2.602 - 100-DMA

*COMMENTARY: The yield remains heavy having closed below the 55-DMA (2.780) for

the first time since Dec. Bears now look for a close below 2.758 to confirm

traction below the 55-DMA and initially target 2.585-648 where the 100-DMA is

located. The Bollinger base (2.788) is the key concern for bears. Layers of

resistance are weighing with bulls now needing a close above 2.815 to gain

breathing room and above 2.859 to shift focus higher.

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

*RES 4: 151.15 - 2018 High Mar 2

*RES 3: 151.13 - Bollinger band top

*RES 2: 151.06 - High Mar 12

*RES 1: 150.93 - Low Mar 26 now resistance

*PRICE: 150.89 @ 2030GMT

*SUP 1: 150.82 - Low Mar 22 

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

*SUP 3: 150.71 - 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 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]