MNI Asian Morning FI Technical Analysis

9 April 2018

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (M18) Bulls Need Close Above 97.860 

*RES 4: 97.935 - High Mar 15 

*RES 3: 97.927 - 200-DMA 

*RES 2: 97.910 - High Mar 28 

*RES 1: 97.860 - Hourly resistance Apr 3

*PRICE: 97.850 @ 2130GMT

*SUP 1: 97.795 - Low Apr 6 

*SUP 2: 97.745 - Low Mar 21 

*SUP 3: 97.705 - 2018 Low Jan 31 

*SUP 4: 97.605 - 2015 Low Dec 15 2015

*COMMENTARY: Bulls take comfort is support emerging on dips around 97.800 last

week with the bounce seeing pressure back on 97.860. Bulls now need a close

above 97.860 to gain breathing room and to return focus to 97.910-993 where key

WMA and DMAs are situated. While 97.860 caps bears remain focused on 97.690-745

where monthly and 2018 lows are situated.

     AUSSIE 10-YR TECHS: (M18) 200-DMA Support Confirms Significance 

*RES 4: 97.5000 - High Dec 8

*RES 3: 97.4658 - 100-WMA

*RES 2: 97.4400 - 2018 High Apr 3

*RES 1: 97.4000 - Hourly resistance Apr 3

*PRICE: 97.3500 @ 2130GMT

*SUP 1: 97.3350 - Hourly support Apr 6

*SUP 2: 97.2905 - 200-DMA

*SUP 3: 97.2750 - Alternating hourly support/resistance

*SUP 4: 97.2157 - 55-DMA

*COMMENTARY: Bears failed to capitalise further on the correction from 97.4400

with the contract finding support around the 200-DMA last week. The bounce sees

bulls retain focus on 97.4400 with a close above needed to target 97.4658-5200

where key WMAs are situated. Bears now need a close below the 200-DMA to gain

ease bullish pressure and below 97.1750 to confirm a break of the 55-DMA and

shift focus to 97.0450-0800.

     US 10-YR FUTURE TECHS: (M18) 120-11 & 121-12 Levels Key This Week

*RES 4: 122-02  Monthly High Feb 6

*RES 3: 122-00+ 100-DMA

*RES 2: 121-12  High Apr 2

*RES 1: 121-05  High Apr 4

*PRICE: 121-00+ @ 2130GMT

*SUP 1: 120-27+ Hourly support Apr 6

*SUP 2: 120-16+ Low Apr 5

*SUP 3: 120-11  Low Mar 26 & 27

*SUP 4: 120-03  Low Mar 22

*COMMENTARY: Bulls take comfort from support emerging around the 21-DMA last

week and providing the base for a bounce Friday. The 120-11 support remains key

this week. Bears still need a close below 120-11 to confirm a break of the

21-DMA (120-17+) & shift focus back to 119-14/21+. The 121-12 resistance remains

key also. Bulls need a close above this level to kick start topside momentum and

initially target 122-00+/02.

     US 10-YR YIELD TECHS: 2.859 Resistance Key This Week

*RES 4: 2.889 - High Mar 22 

*RES 3: 2.859 - High Mar 27 

*RES 2: 2.838 - High Apr 5 

*RES 1: 2.795 - Hourly resistance Apr 6

*PRICE: 2.775 @ 2130GMT

*SUP 1: 2.748 - Low Apr 4 

*SUP 2: 2.717 - Low Apr 2 

*SUP 3: 2.648 - Monthly Low Feb 6 

*SUP 4: 2.624 - 100-DMA

*COMMENTARY: Bulls failed to capitalise on the marginal close above 21 (2.825) &

55 (2.810) DMAs with the sell-off Friday leaving the Yield looking offered and

retaining initial focus on 2.717. Bears look for a close below this level to

reconfirm focus on 2.585-648 where the 100-DMA is noted. The 2.859 resistance is

key this week with bulls needing a close above to shift initial focus to tests

of 2018 highs. Correcting O/S studies are a concern for bears.

     JGB TECHS: (M18) More 150.70-151.06 This Week

*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: 150.99 - High Apr 4

*PRICE: 150.89 @ 2130GMT

*SUP 1: 150.79 - Low Apr 6 

*SUP 2: 150.72 - 55-DMA 

*SUP 3: 150.70 - Low Apr 2 

*SUP 4: 150.63 - 200-DMA

*COMMENTARY: Topside failures last week left the contract looking heavy and

focus back on 150.64-72 where 55 & 200-DMAs are noted. Bears look for a close

below the 200-DMA to hint at a move back to 2018 lows with below 150.55 to add

weight to their case. The 150.99-151.06 resistance region is key this week.

Bulls need a close above 151.06 to initially target 150.15-21 where 2018 highs

are noted.

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

[TOPICS: MTABLE]