MNI Asian Morning FI Technical Analysis

1 May 2018

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (M18) O/S Daily Studies Impacting 

*RES 4: 97.905 - 200-DMA 

*RES 3: 97.865 - High Apr 10 

*RES 2: 97.834 - 55-DMA 

*RES 1: 97.795 - High Apr 16

*PRICE: 97.780 @ 2130GMT

*SUP 1: 97.730 - Repeated daily resistance now support 

*SUP 2: 97.675 - 2018 Low Apr 24 

*SUP 3: 97.605 - 2015 Low Dec 15 2015 

*SUP 4: 97.510 - High Nov 25 2014 now support

*COMMENTARY: Hesitation ahead of 2018 & 2+yr lows continues with O/S daily

studies impacting and a correction back towards 97.795. Bulls need a close above

97.795 to confirm a break of the 21-DMA (97.772) & shift focus back to

97.835-865 where 55 (97.834) & 100 (97.839) DMAs are situated. Initial support

is still noted at 97.730 with bears needing a close below to ease pressure on

97.795.

     AUSSIE 10-YR TECHS: (M18) Bulls Need Close Above 200-DMA 

*RES 4: 97.2796 - 200-DMA

*RES 3: 97.2600 - High Apr 18

*RES 2: 97.2795 - 200-DMA

*RES 1: 97.2600 - High Apr 18

*PRICE: 97.1850 @ 2130GMT

*SUP 1: 97.2000 - Hourly support Apr 30

*SUP 2: 97.1500 - High Apr 24 now support

*SUP 3: 97.0800 - Low Feb 21

*SUP 4: 97.0688 - Weekly Bull channel base off 2008 Low

*COMMENTARY: Hesitation ahead of the 97.0450-0800 support region has resulted in

a correction that now sees immediate focus on 97.2600-2795 where the 200-DMA is

located. Bulls need a close above the 200-DMA to shift initial focus to

97.4000-4400. Correcting O/S daily studies remain the key concern for bears.

Bears now look for a close below 97.1500 to gain breathing room and retain

initial focus on 2018 lows.

     US 10-YR FUTURE TECHS: (M18) O/S Daily Studies Impacting

*RES 4: 120-07+ 55-DMA

*RES 3: 120-06+ High Apr 19

*RES 2: 120-02+ Low Apr 18 now resistance

*RES 1: 119-29+ High Apr 20

*PRICE: 119-20 @ 2130GMT

*SUP 1: 119-09 High Apr 25 now support

*SUP 2: 118-31 2018 Low Apr 25

*SUP 3: 118-24 Low Apr 13 2011

*SUP 4: 117-29+ Monthly Low Apr 8 2011

*COMMENTARY: O/S daily studies look to be impacting with the contract closing

the week above 119-14+. Bulls now look for a close above Y120-06+ to initially

target a correction back to 120-21+/24. Bulls take comfort in the 119-09 level

supporting Friday with bears needing a close below to retain initial focus on

retests of 2018 lows and overall focus on 117-22+/118-24 where the weekly bear

channel base and 2011 low are located.

     US 10-YR YIELD TECHS: Capped Ahead Of 2014 High

*RES 4: 3.041 - 2014 High Jan 2 

*RES 3: 3.035 - 2018 High Apr 25 

*RES 2: 3.018 - Hourly support Apr 26 now resistance 

*RES 1: 2.988 - High Apr 27

*PRICE: 2.955 @ 2130GMT

*SUP 1: 2.934 - Low Apr 30 

*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 (3.039). The

close below 3.007 initially targets a correction to 2.925. Below 2.925 is needed

to shift initial focus back to 2.814-876 where 21 (2.867) & 55 (2.861) DMAs are

situated. Bulls look for a close above 3.073 to shift focus 3.183-223 where the

weekly bull channel top is noted.

     JGB TECHS: (M18) 55-DMA Resistance Remains Key

*RES 4: 151.03 - High Apr 12

*RES 3: 150.95 - Low Apr 12 now resistance

*RES 2: 150.84 - 55-DMA

*RES 1: 150.81 - 21-DMA

*PRICE: 150.79 @ 2130GMT

*SUP 1: 150.70 - Alternating daily support/resistance 

*SUP 2: 150.67 - 200-DMA 

*SUP 3: 150.52 - Alternating daily support/resistance 

*SUP 4: 150.39 - Monthly Low Apr 26

*COMMENTARY: Dips back towards 150.36 were aggressively reversed and combined

with daily studies correcting from O/S has seen pressure return to where 21 &

55-DMAs are located. Bulls need 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]