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MNI Asian Morning FI Technical Analysis 

27 April 2018
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (M18) 97.735-795 Resistance Region Key 
*RES 4: 97.795 - High Apr 16 
*RES 3: 97.781 - 21-DMA 
*RES 2: 97.760 - High Apr 18 
*RES 1: 97.735 - High Apr 20
*PRICE: 97.725 @ 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: Hesitation ahead of 2018 & 2+yr lows continues with immediate
currently on 97.605. O/S daily studies looking to correct and the Bollinger base
(97.664) remain key concerns for bears. In saying that, bulls still need a close
above 97.735 to gain breathing room and above 97.795 to confirm a break of the
21-DMA & shift focus back to 97.837-865 where 55 (97.837) & 100 (97.843) DMAs
are situated.
     AUSSIE 10-YR TECHS: (M18) Bulls Need Close Above 97.1500 
*RES 4: 97.2290 - 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: 97.1400 @ 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: 96.9875 - 2017 Low Mar 10 2017
*COMMENTARY: Hesitation ahead of the 97.0450-0800 support region has seen the
contract bounce back towards initial resistance with bulls needing a close above
97.1500 to gain breathing room. Above the 200-DMA (97.2799) remains needed to
shift initial focus back to 97.3600 and overall focus to 97.4000-4400.
Correcting O/S daily studies add to correction risk with bears needing a close
below 96.9650 is needed to initially 2015 lows (96.7950).
     US 10-YR FUTURE TECHS: (M18) Bulls Need Close Above 119-14+
*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: 119-10+ @ 2130GMT
*SUP 1: 118-31  2018 Low Apr 25
*SUP 2: 118-24  Low Apr 13 2011
*SUP 3: 117-29+ Monthly Low Apr 8 2011
*SUP 4: 117-25  Weekly Bear channel base
*COMMENTARY: O/S daily studies look to be impacting with the contract working
its way back towards the 119-14+ resistance level. Bulls continue to look for a
close above 119-14+ to gain breathing room and above Y120-06+ to initially
target a correction back to 120-21+/24. While 119-14+ caps repeated fresh 2018 &
4+yr lows see bears focused on 117-22+/118-24 where the weekly bear channel base
and 2011 low are located.
     US 10-YR YIELD TECHS: Hesitating Ahead Of 2014 High
*RES 4: 3.073 - Low July 6 2011 now resistance 
*RES 3: 3.041 - 2014 High Jan 2 
*RES 2: 3.035 - 2018 High Apr 25 
*RES 1: 3.018 - Hourly support Apr 26 now resistance
*PRICE: 2.983 @ 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: Hesitation ahead of 2014 highs & 3.041-073 is a concern given daily
studies correcting from O/B and the proximity of the Bollinger top (3.020). The
close below 3.007 buys bears breathing room and initially targets a correction
to 2.925-957. Below 2.925 is needed to shift initial focus back to 2.814-876
where 21 (2.480) & 55 (2.857) DMAs are situated. Bulls look for a close above
3.073 to shift focus 3.168-223 where the weekly bull channel top is noted.
     JGB TECHS: (M18) Dips Aggressively Reversed
*RES 4: 150.83 - 55-DMA
*RES 3: 150.74 - 100-DMA
*RES 2: 150.70 - Low Apr 2 now resistance
*RES 1: 150.67 - Hourly support Apr 25 now resistance
*PRICE: 150.63 @ 2130GMT
*SUP 1: 150.52 - Alternating daily support/resistance 
*SUP 2: 150.39 - Monthly Low Apr 26 
*SUP 3: 150.36 - High Feb 1 now support 
*SUP 4: 150.09 - 2018 Low Feb 2
*COMMENTARY: Dips back towards 150.36 have been aggressively reversed & combined
with daily studies correcting from O/S increases the likelihood of a test of the
150.70-83 resistance region. Bulls continue to look for a close above the 55-DMA
to end bearish hopes and shift initial focus back to 150.95-151.06. Bears
continue to look for a close below 150.36 to shift immediate focus to tests of
2018 lows. Fresh 2018 lows then target the 200-WMA. (149.55).
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]
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