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MNI Asian Morning FI Technical Analysis 

25 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 97.760 
*RES 4: 97.840 - High Apr 12 
*RES 3: 97.795 - High Apr 16 
*RES 2: 97.760 - High Apr 18 
*RES 1: 97.735 - High Apr 20
*PRICE: 97.680 @ 2130GMT
*SUP 1: 97.675 - 2018 Low Apr 24 
*SUP 2: 97.605 - 2015 Low Dec 15 2015 
*SUP 3: 97.510 - High Nov 25 2014 now support 
*SUP 4: 97.350 - Low Oct 20 2014
*COMMENTARY: The contract remains offered having traded at fresh 2018 & 2+yr
lows to start the new week with immediate focus shifting to 97.605. O/S daily
studies looking to correct and the Bollinger base (97.678) remain key concerns
for bears. In saying that, bulls now need a close above 97.760 to shift focus
back to 97.793-865 where 21 (97.793), 55 (97.841) & 100 (97.850) DMAs are
situated.
     AUSSIE 10-YR TECHS: (M18) Bulls Need Close Above 97.1500 
*RES 4: 97.2303 - 55-DMA
*RES 3: 97.2100 - Low Apr 17 now resistance
*RES 2: 97.1850 - Hourly resistance Apr 20
*RES 1: 97.1500 - High Apr 24
*PRICE: 97.1200 @ 2130GMT
*SUP 1: 97.0800 - Low Feb 21
*SUP 2: 97.0688 - Weekly Bull channel base off 2008 Low
*SUP 3: 97.0450 - 2018 Low Feb 6
*SUP 4: 96.9650 - Monthly Low Dec 7 2015
*COMMENTARY: Losses continue and add to bearish confidence with the contract
remaining offered and bears focused on 97.0450-0800 where the weekly bull
channel base off 2008 lows is located. O/S studies and the Bollinger base
(97.1096) remain key concerns for bears. Bulls now need a close above 97.1500 to
gain breathing room and above the 200-DMA (97.2816) to shift initial focus back
to 97.3600 and overall focus to 97.4000-4400.
     US 10-YR FUTURE TECHS: (M18) O/S Daily Studies A Concern
*RES 4: 120-06+ High Apr 19
*RES 3: 120-02+ Low Apr 18 now resistance
*RES 2: 119-29+ High Apr 20
*RES 1: 119-14+ Hourly resistance Apr 23
*PRICE: 119-06 @ 2130GMT
*SUP 1: 118-24  Low Apr 13 2011
*SUP 2: 117-29+ Monthly Low Apr 8 2011
*SUP 3: 117-25  Weekly Bear channel base
*SUP 4: 117-22  2011 Low Feb 22
*COMMENTARY: Having traded at fresh 2018 & 7yr lows Monday sees bears now
targeting 117-22+/118-24 where the weekly bear channel base and 2011 low are
located. The Bollinger base 119-11+ and O/S studies are now key concerns for
bears with potential to limit follow through. Bulls now need a close above
119-14+ to gain breathing room and above Y120-06+ to initially target a
correction back to 120-21+/24.
     US 10-YR YIELD TECHS: Focus Remains On 3.041-073
*RES 4: 3.168 - Weekly Bull channel top 
*RES 3: 3.073 - Low July 6 2011 now resistance 
*RES 2: 3.041 - 2014 High Jan 2 
*RES 1: 3.003 - 2018 High Apr 24
*PRICE: 3.000 @ 2130GMT
*SUP 1: 2.957 - Low Apr 24 
*SUP 2: 2.925 - Hourly support Apr 20 
*SUP 3: 2.904 - Low Apr 20 
*SUP 4: 2.876 - High Apr 18 now support
*COMMENTARY: Bulls reconfirmed focus on 3.041-073 with fresh 2018 & 4+yr highs
Tuesday. The Bollinger top (2.973) & O/B studies remain concerns for bulls. The
2.925-957 support region is now key. Bears now need a close below 2.957 to gain
breathing room and below 2.925 to shift initial focus back to 2.814-876 where 21
(2.831) & 55 (2.849) DMAs are situated. Bulls continue to look for a close above
3.073 to shift focus 3.168-223 where the weekly bull channel top is noted.
     JGB TECHS: (M18) 150.70-83 Resistance Region Now Key
*RES 4: 150.86 - Hourly resistance Apr 19
*RES 3: 150.83 - 55-DMA
*RES 2: 150.75 - 100-DMA
*RES 1: 150.70 - Low Apr 2 now resistance
*PRICE: 150.65 @ 2130GMT
*SUP 1: 150.52 - Low Apr 24 
*SUP 2: 150.43 - Low Apr 23 
*SUP 3: 150.36 - High Feb 1 now support 
*SUP 4: 150.09 - 2018 Low Feb 2
*COMMENTARY: Follow through on fresh 3mth lows was lacking to start the new week
courtesy of the Bollinger band base (150.61) and daily studies approaching O/S.
Bears now look for a close below 150.36 to confirm focus on tests of 2018 lows.
Bulls now need a close above 150.70 to gain breathing room and above the 55-DMA
to shift focus back to 150.95-151.06.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]
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