MNI Asian Morning FI Technical Analysis

29 March 2018

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (M18) Hesitating At Key Resistance Region 

*RES 4: 97.956 - Daily Bear channel top off 2017 high 

*RES 3: 97.936 - 200-DMA 

*RES 2: 97.935 - High Mar 15 

*RES 1: 97.910 - High Mar 28

*PRICE: 97.865 @ 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 having gained traction above the 55-DMA

(97.839) and broken 97.870 is struggling ahead of the 200-DMA and daily bear

channel top. 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

needing a close below to return focus to 97.690-745.

     AUSSIE 10-YR TECHS: (M18) Capped Ahead Of 100-WMA 

*RES 4: 97.5200 - Monthly High Dec 4

*RES 3: 97.5000 - High Dec 8

*RES 2: 97.4698 - 100-WMA

*RES 1: 97.4300 - 2018 High Mar 28

*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: Follow through has been lacking on fresh 2018 & 3mth highs which

increases the risk of a correction when combined with daily studies at O/B

levels and daily momentum divergence noted. Bears now look for a close below

97.3550 to ease bullish pressure and shift focus back to 97.1750-2960 where key

DMAs are situated. Bulls focus on 97.5000-5200 while 97.3550 supports.

     US 10-YR FUTURE TECHS: (M18) Bears Need Close Below 21-DMA

*RES 4: 122-18+ 21-WMA

*RES 3: 122-07+ 100-DMA

*RES 2: 122-02 Monthly High Feb 6

*RES 1: 121-09 High Mar 28

*PRICE: 120-27+ @ 2030GMT

*SUP 1: 120-24+ 55-DMA

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

*SUP 3: 120-10+ 21-DMA

*SUP 4: 120-03 Low Mar 22

*COMMENTARY: Bulls are struggling to gain traction above the 55-DMA with a lack

of topside follow through leaving the contract looking gently offered. Bears now

look for a close below the 55-DMA to gain breathing room and below the 21-DMA to

shift focus back to 119-14/21+. Bulls now need a close above 121-09 to confirm

traction and focus on 122-02/07+ where the 100-DMA is noted. The Bollinger top

(120-27+) is the key concern for bulls.

     US 10-YR YIELD TECHS: Flirting With 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: 2.782 @ 2030GMT

*SUP 1: 2.743 - Low Mar 28 

*SUP 2: 2.648 - Monthly Low Feb 6 

*SUP 3: 2.609 - Low Jan 24 

*SUP 4: 2.607 - 100-DMA

*COMMENTARY: Bulls take a little comfort as the yield struggles to gain traction

below the 55-DMA (2.786) and downside follow through on fresh 2mth lows lacking

Wednesday. Bulls continue to look for a close above 2.815 to gain breathing room

and above 2.859 to shift focus higher. While 2.815 caps bears now focus on

2.585-609 where the 100-DMA is noted with a close below 2.743 needed to add

weight to their case.

     JGB TECHS: (M18) Bears Need Close Below 150.82

*RES 4: 151.15 - 2018 High Mar 2

*RES 3: 151.12 - Bollinger band top

*RES 2: 151.06 - High Mar 12

*RES 1: 150.94 - High Mar 28

*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 151.12-19 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]