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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]
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