MNI Asian Morning FI Technical Analysis

4 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: 97.902 - 200-DMA 

*RES 3: 97.865 - High Apr 10 

*RES 2: 97.830 - 55-DMA 

*RES 1: 97.800 - High May 2

*PRICE: 97.785 @ 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: Bulls take comfort in the recovery from 2018 lows but continued

hesitation at 97.800 is less than ideal. Bull need a close above 97.800 to ease

bearish pressure and above 97.865 to shift focus to 97.902-955 where the 200-DMA

is found. The 97.730 support remains key today. Bears need a close below this

level to shift immediate focus back to 2018 lows and overall focus to 2015 lows.

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

*RES 4: 97.3600 - High Apr 9

*RES 3: 97.3097 - 200-WMA

*RES 2: 97.2783 - 200-DMA

*RES 1: 97.2600 - High Apr 18

*PRICE: 97.2200 @ 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 sees immediate focus on 97.2600-3097 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: 119-22 @ 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

Wednesday 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 with the 100-DMA at 121-06+.

     US 10-YR YIELD TECHS: Bears Initially Focused On 2.925

*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: 2.948 @ 2130GMT

*SUP 1: 2.925 - Hourly support Apr 20 

*SUP 2: 2.904 - Low Apr 20 

*SUP 3: 2.894 - 21-DMA 

*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 (3.057).

Immediate focus remains on 2.925. Below 2.925 is needed to shift initial focus

back to 2.868-904 where 21 & 55 (2.868) DMAs are situated. The 3.041-3.073

resistance region is key with bulls needing 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: 150.88 @ 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 continuing to look 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]