MNI Asian Morning FI Technical Analysis

16 April 2018

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (M18) Bears Dominate While 97.865 Caps 

*RES 4: 97.920 - 200-DMA 

*RES 3: 97.910 - High Mar 28 

*RES 2: 97.865 - High Apr 10 

*RES 1: 97.840 - High Apr 12

*PRICE: 97.795 @ 2130GMT

*SUP 1: 97.770 - Bollinger band base 

*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: Hesitation ahead of the 97.865 resistance has left the contract

looking heavy with immediate focus on 97.745 Mar lows and overall focus on

97.690-705 where 2018 lows are located. Bulls continue to look for a close above

97.865 to gain breathing room and to return focus to 97.910-98.015 where key WMA

and DMAs are situated. While 97.865 caps bears dominate.

     AUSSIE 10-YR TECHS: (M18) Finding Support Ahead Of 55-DMA For Now 

*RES 4: 97.4400 - 2018 High Apr 3

*RES 3: 97.4000 - Hourly resistance Apr 3

*RES 2: 97.3600 - High Apr 9

*RES 1: 97.2950 - Hourly support Apr 12 now resistance

*PRICE: 97.2600 @ 2130GMT

*SUP 1: 97.2275 - 55-DMA

*SUP 2: 97.2100 - Low Mar 22

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

*SUP 4: 97.0800 - Low Feb 21

*COMMENTARY: Topside failures ahead of 97.3600 left the contract looking heavy

with focus currently on 97.1750-2275 where the 55-DMA is noted. Bears need a

close below 97.1750 to confirm a break of the 55-DMA and to return focus to

97.0450-0800 where the LT bull channel base off 2008 lows is situated. Bulls now

need a close above 97.2950 to gain breathing room and above 97.3600 to return

initial focus to 97.4000-4400.

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

*RES 4: 121-12  High Apr 2

*RES 3: 121-05  High Apr 4

*RES 2: 120-24  Hourly support Apr 12 now resistance

*RES 1: 120-20+ Hourly resistance Apr 12

*PRICE: 120-15+ @ 2130GMT

*SUP 1: 120-11  Low Mar 26 & 27

*SUP 2: 120-03  Low Mar 22

*SUP 3: 120-00+ Bollinger band base

*SUP 4: 119-21+ Repeated Daily lows Feb

*COMMENTARY: The closes below the 55-DMA (120-15+) sees immediate pressure back

on 120-11. Bears look for a close below 120-11 to confirm traction below DMAs &

shift focus back to 119-14/21+. Resistance layers are accumulating with bulls

now needing a close above Y120-24 to gain breathing room. Above121-12 is needed

to kick start topside momentum and initially target 121-26+/122-02.

     US 10-YR YIELD TECHS: Above 2.859 To Target 2018 High

*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 - High Mar 27

*PRICE: 2.828 @ 2130GMT

*SUP 1: 2.812 - Hourly support Apr 12 

*SUP 2: 2.799 - Hourly resistance Apr 12 now support 

*SUP 3: 2.748 - Low Apr 4 

*SUP 4: 2.730 - Bollinger band base

*COMMENTARY: The aggressive rally and bullish close Thursday saw bulls gain

breathing room and pressure return to 2.859. The 2.859 resistance remains key

this week. Bulls need a close above to shift initial focus to tests of 2018

highs. Support layers building add to bullish confidence. Bears look for a close

below 2.799 to gain breathing room and return initial focus to 2.717-748 where

the Bollinger band base is noted.

     JGB TECHS: (M18) Bears Need Close Below 150.85

*RES 4: 151.15 - 2018 High Mar 2

*RES 3: 151.06 - High Mar 12

*RES 2: 151.03 - High Apr 12

*RES 1: 150.95 - Low Apr 12 now resistance

*PRICE: 150.91 @ 2130GMT

*SUP 1: 150.85 - Low Apr 9 

*SUP 2: 150.79 - Low Apr 6 

*SUP 3: 150.77 - 55-DMA 

*SUP 4: 150.70 - Low Apr 2

*COMMENTARY: The 151.06 resistance confirmed significance with gains defining

last week largely negated by the rejection ahead of this level. Bears now look

for a close below 150.85 to shift initial focus back to the 150.65-77 support

region where 55 & 200-DMAs are situated. Bulls now need a close above 151.06 to

confirm a shift in focus to 151.15-21.

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

[TOPICS: MTABLE]