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Market News Topics
May 13, 2018 21:52 GMT
MNI Asian Morning FI Technical Analysis
14 May 2018
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (M18) Remains Capped Ahead Of Key DMAs
*RES 4: 97.896 - 200-DMA
*RES 3: 97.865 - High Apr 10
*RES 2: 97.825 - 55-DMA
*RES 1: 97.820 - High May 4
*PRICE: 97.800 @ 2130GMT
*SUP 1: 97.770 - Lows May 9 & 10
*SUP 2: 97.750 - Lows May 3 & 4
*SUP 3: 97.730 - Repeated daily resistance now support
*SUP 4: 97.675 - 2018 Low Apr 24
*COMMENTARY: The recovery from 2018 lows continues to hesitate ahead of the 55 &
100-DMAs. Bulls still need a close above 97.865 to shift focus to 97.896-955
where the 200-DMA is found. Layers of support 97.730-770 continue to be seen as
key. Bears now need a close below 97.750 to confirm traction below the 21-DMA
(97.757) and below 97.730 to reconfirm focus on 2018 lows.
AUSSIE 10-YR TECHS: (M18) Bears Need Close Below 97.1500
*RES 4: 97.3600 - High Apr 9
*RES 3: 97.3127 - 200-WMA
*RES 2: 97.2755 - 200-DMA
*RES 1: 97.2600 - High Apr 18
*PRICE: 97.1950 @ 2130GMT
*SUP 1: 97.1800 - Low May 10
*SUP 2: 97.1500 - High Apr 24 now support
*SUP 3: 97.0873 - Weekly Bull channel base off 2008 Low
*SUP 4: 97.0800 - Low Feb 21
*COMMENTARY: The recovery from Apr lows has stalled ahead of the 200-DMA with
the 200-WMA lurking just above as daily studies correct from O/B levels. Bulls
now need a close above the 200-WMA to shift initial focus to 97.4000-4400.
Although the contract is capped ahead of the 200-DMA bears still need a close
below 97.1500 to ease pressure on key DMAs and to reconfirm initial focus on
2018 lows.
US 10-YR FUTURE TECHS: (M18) Bulls Need Close Above 120-06+
*RES 4: 120-06+ High Apr 19
*RES 3: 120-04+ 55-DMA
*RES 2: 120-02+ Low Apr 18 now resistance
*RES 1: 119-20+ 21-DMA
*PRICE: 119-13 @ 2130GMT
*SUP 1: 119-06 Low May 9
*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: Follow through below 119-08 was lacking but bears take comfort in
the bounce remaining capped ahead of the 21-DMA. Bulls look for a close above
120-06+ to confirm breaks of 21 & 55-DMAs and to shift initial focus back to
120-20+/24. Bears now look for a close below 118-31 to add weight to the case
for a test of the weekly bear channel base coming in around 117-07+ today. Daily
studies are well placed for a fresh leg lower.
US 10-YR YIELD TECHS: 55-DMA Now Key Support
*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: 2.971 @ 2130GMT
*SUP 1: 2.941 - 21-DMA
*SUP 2: 2.937 - Low May 7
*SUP 3: 2.904 - Low Apr 20
*SUP 4: 2.876 - High Apr 18 now support
*COMMENTARY: Daily studies remain well placed for a fresh leg higher with focus
back on 3.041-073. Bulls continue to look for a close above 3.073 to confirm
traction above 3.000 and the 2018 high and target 3.219-232 where the weekly
bull channel top is noted. Bears now need a close below the 21-DMA to ease
bullish pressure. Overall below the 55-DMA (2.874) is needed to shift initial
focus back to 2.814.
JGB TECHS: (M18) 200-DMA Support Key
*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: 150.85 @ 2130GMT
*SUP 1: 150.73 - 100-DMA
*SUP 2: 150.70 - Alternating daily support/resistance, 200-DMA
*SUP 3: 150.52 - Alternating daily support/resistance
*SUP 4: 150.39 - Monthly Low Apr 26
*COMMENTARY: Hesitation ahead of the 150.95-151.06 resistance region is less
than ideal for bulls with a close above 151.06 needed to shift initial focus to
151.15-21. Bears continue to look for a close below the 200-DMA to end bullish
hopes and shift initial focus back to 150.52. Overall below 150.52 is needed to
see bears targeting 2018 lows. Daily studies at modestly O/B levels are less
than ideal for bulls.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]
To read the full story
Close
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.
Sign up now for free trial access to this content.
Please enter your details below.
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.
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