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Free AccessMNI Asian Morning FI Technical Analysis
3 May 2018
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (M18) 97.800 Resistance Now Key
*RES 4: 97.903 - 200-DMA
*RES 3: 97.865 - High Apr 10
*RES 2: 97.831 - 55-DMA
*RES 1: 97.800 - High May 2
*PRICE: 97.765 @ 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: Follow through has been lacking on the break of 97.795 with the
contract looking offered and focus back on 97.730. bears now look for a close
below 97.730 to shift immediate focus back to 2018 lows and overall focus to
2015 lows. Bulls now need a close above 97.800 to ease bearish pressure and
above 97.865 to shift focus to 97.903-955 where the 200-DMA (97.903) is found.
AUSSIE 10-YR TECHS: (M18) Bulls Need Close Above 200-WMA
*RES 4: 97.3600 - High Apr 9
*RES 3: 97.3095 - 200-WMA
*RES 2: 97.2788 - 200-DMA
*RES 1: 97.2600 - High Apr 18
*PRICE: 97.1850 @ 2130GMT
*SUP 1: 97.1500 - High Apr 24 now support
*SUP 2: 97.0800 - Low Feb 21
*SUP 3: 97.0688 - Weekly Bull channel base off 2008 Low
*SUP 4: 97.0450 - 2018 Low Feb 6
*COMMENTARY: Hesitation ahead of the 97.0450-0800 support region has resulted in
a correction that now sees immediate focus on 97.2600-3095 where the 200-WMA is
located. Bulls now need a close above the 200-WMA 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 retain initial focus on 2018 lows.
US 10-YR FUTURE TECHS: (M18) 119-08 Support Now Key
*RES 4: 120-20+ Hourly resistance Apr 12
*RES 3: 120-06+ High Apr 19, 55-DMA
*RES 2: 120-02+ Low Apr 18 now resistance
*RES 1: 119-29+ High Apr 20
*PRICE: 119-16+ @ 2130GMT
*SUP 1: 119-08 Low May 2
*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: Bulls take comfort in support emerging on the dip below 119-09 with
bears now needing a close below this level to ease renewed bullish pressure and
return initial focus to 2018 lows. Correcting O/S daily studies remain the key
concern for bears. Bulls now look for a close above Y120-06+ to initially target
a correction back to 120-20+/24 and above 120-24 to shift focus to 121-05-12.
US 10-YR YIELD TECHS: Above 3.073 To Target 3.183-223
*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: 2.996 - High May 2
*PRICE: 2.974 @ 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 (3.051). The
close below 3.007 initially targets a correction to 2.925. Below 2.925 is needed
to shift initial focus back to 2.814-887 where 21 (2.887) & 55 (2.866) 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) Bulls Now Need Close above 150.95
*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: 150.93 @ 2130GMT
*SUP 1: 150.77 - Low May 2
*SUP 2: 150.70 - Alternating daily support/resistance
*SUP 3: 150.68 - 200-DMA
*SUP 4: 150.52 - Alternating daily support/resistance
*COMMENTARY: Bulls take comfort in the closes above the 55-DMA (150.85) with
bulls now looking for a close above 150.95 to confirm initial focus on 151.03-06
where monthly highs are located. Bulls take comfort in support emerging on dips.
Bears now look for a close below 150.70 to shift focus back to 150.36-52 where
recent lows are noted.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.