MNI Asian Morning FI Technical Analysis

29 May 2018

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (M18) Bulls Focused On 97.865-880 

*RES 4: 97.910 - High Mar 29 

*RES 3: 97.880 - 200-DMA 

*RES 2: 97.878 - Bear channel top off 2016 high 

*RES 1: 97.865 - High Apr 10

*PRICE: 97.850 @ 2130GMT

*SUP 1: 97.813 - 100-DMA 

*SUP 2: 97.797 - 55-DMA 

*SUP 3: 97.779 - 21-DMA 

*SUP 4: 97.735 - Hourly support May 21

*COMMENTARY: Bulls dominated last week with close above the 55 & 100-DMA Friday

confirming focus on 97.865-880 where the 200-DMA and bear channel top off 2016

highs are found. Daily studies have room to move but the Bollinger top (97.843)

is the key concern for bulls. Bears now need a close below the 55-DMA to ease

bullish pressure and below the 21-DMA to shift focus back to 2018 lows.

     AUSSIE 10-YR TECHS: (M18) 200-WMA Resistance Key This Week 

*RES 4: 97.4000 - High Apr 4

*RES 3: 97.3600 - High Apr 9

*RES 2: 97.3182 - 200-WMA

*RES 1: 97.2968 - Bollinger band top

*PRICE: 97.2900 @ 2130GMT

*SUP 1: 97.2647 - 200-DMA

*SUP 2: 97.2331 - 55-DMA

*SUP 3: 97.1500 - Alternating daily support/resistance

*SUP 4: 97.1024 - LT Weekly Bull channel base off 2008 Low

*COMMENTARY: Bears failed to gain traction below the LT weekly bull channel base

(97.1046) last week with the contract now pressuring key resistance layers.

Bulls continue to look for a close above the 200-WMA to end bearish hopes and

shift focus to 97.4000-4400 where 2018 highs are located. Bears now need a close

below the 100-DMA to gain breathing room and below 97.1500 to return pressure to

2018 lows.

     US 10-YR FUTURE TECHS: (M18) Bears Need Close Below 119-21+

*RES 4: 121-05  High Apr 4

*RES 3: 120-21+ Low Apr 11 now resistance

*RES 2: 120-19+ Daily Bear channel top off Feb high

*RES 1: 120-14+ 100-DMA

*PRICE: 120-09 @ 2130GMT

*SUP 1: 119-30+ 55-DMA

*SUP 2: 119-21+ Low May 28

*SUP 3: 119-10+ 21-DMA

*SUP 4: 118-31 Alternating daily support/resistance*COMMENTARY: Gains continued

to start the new week with the close above the 55-DMA adding support for a case

now targeting 121-05/12 where Apr highs are located. The Bollinger top (120-07)

is the key concern for bulls. Layers of support following the contract higher is

adding to confidence. Bears now need a close below 119-21+ to ease bullish

pressure and below 118-31 to shift focus back to 2018 lows.

     US 10-YR YIELD TECHS: 3.030-050 Resistance Key This Week

*RES 4: 3.050 - Low May 22 

*RES 3: 3.030 - Hourly resistance May 23 

*RES 2: 2.991 - 21-DMA 

*RES 1: 2.955 - Low May 24 now resistance

*PRICE: 2.935 @ 2130GMT

*SUP 1: 2.906 - 55-DMA 

*SUP 2: 2.904 - Low Apr 20 

*SUP 3: 2.876 - High Apr 18 now support 

*SUP 4: 2.831 - 100-DMA

*COMMENTARY: Bears take comfort in closes below the 21-DMA confirming a shift in

focus to 2.876-906 where the 55-DMA is located. Correcting O/B studies added

weight to the bearish case last week. Bulls need a close above 3.030 to gain

breathing room and above 3.050 to shift immediate focus back to 3.084-155 where

2018 highs and the bull channel top are situated. Bears look for a close below

2.876 to target 2.717 Apr lows.

     JGB TECHS: (M18) Immediate Focus On 151.03-19

*RES 4: 151.19 - Monthly High Nov 22

*RES 3: 151.15 - 2018 High Mar 2

*RES 2: 151.06 - High Mar 12

*RES 1: 151.03 - High Apr 12

*PRICE: 150.96 @ 2130GMT

*SUP 1: 150.90 - Hourly support May 28 

*SUP 2: 150.79 - 21-DMA 

*SUP 3: 150.72 - 100-DMA 

*SUP 4: 150.62 - Low May 16

*COMMENTARY: The closes above the 55-DMA provided the impetus for a close above

150.95 Friday and focus now on 115-03-19 where 2018 and Nov highs are located.

The Bollinger top (150.99) is the key concern for bulls and currently caps.

Bears now need a close below 150.90 to gain breathing room and target a

correction back to 150.72-79 where 21, 100 & 200-DMAs are noted.

--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com

[TOPICS: MTABLE]