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MNI Asian Morning FI Technical Analysis 

4 June 2018
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (M18) Topside Follow Through Lacking 
*RES 4: 97.935 - High Mar 15 
*RES 3: 97.930 - Weekly Bear channel top off 2016 high 
*RES 2: 97.910 - High Mar 29 
*RES 1: 97.877 - 200-DMA
*PRICE: 97.835 @ 2130GMT
*SUP 1: 97.813 - 100-DMA 
*SUP 2: 97.795 - 55-DMA 
*SUP 3: 97.794 - 21-DMA 
*SUP 4: 97.770 - Low May 24
*COMMENTARY: Rejection ahead of the weekly bear channel top off 2016 highs is
less than ideal with daily studies correcting from O/B. The closes below the
200-DMA are a concern with focus having returned to layers of support 97.770-813
where key DMAs are noted. Bears now need a close below 99.770 to return focus to
2018 lows. Bulls need a close above the 200-DMA to gain breathing room and above
97.955 to shift focus to 98.110 Dec highs.
     AUSSIE 10-YR TECHS: (M18) Pressure Returns To Key Support Layers 
*RES 4: 97.4100 - High May 30
*RES 3: 97.3800 - Hourly resistance May 30a
*RES 2: 97.3550 - Hourly resistance May 30
*RES 1: 97.3050 - Hourly resistance May 30
*PRICE: 97.2700 @ 2130GMT
*SUP 1: 97.2638 - 200-DMA
*SUP 2: 97.2391 - 55-DMA
*SUP 3: 97.2116 - 100-DMA
*SUP 4: 97.2038 - 21-DMA
*COMMENTARY: The rejection around the 100-WMA (97.4140) left the contract
looking offered and returned focus to 97.1500-2638 where key DMAs are located.
Bears need a close below 97.1500 to confirm breaks of DMAs and to shift
immediate focus back to 97.0450-1100 where the weekly LT bull channel base and
2018 low are noted. Bulls now need a close above the 100-WMA to target 97.5200
Dec highs with above 97.4400 to add support.
     US 10-YR FUTURE TECHS: (U18) Below 118-30 To Pressure 2018 Lows
*RES 4: 121-03  High May 30
*RES 3: 120-24  Hourly resistance May 30a
*RES 2: 120-16  Hourly resistance May 30
*RES 1: 119-30  Hourly resistance June 1
*PRICE: 119-27 @ 2130GMT
*SUP 1: 119-19  Low June 1
*SUP 2: 119-11  Low May 28
*SUP 3: 119-05+ 21-DMA
*SUP 4: 118-30  Low May 24
*COMMENTARY: The lack of follow through on fresh 3mth highs was less than ideal
last week given O/B daily studies. Bears now look for a close below 119-19 to
confirm a break of the 55-DMA and below 118-30 to confirm a break of the 21-DMA
and shift focus back to 2018 lows. Bulls now need a close above 119-30 to gain
breathing room and above 120-16 to shift immediate focus to 121-03 highs from
last week.
     US 10-YR YIELD TECHS: 2.926 Resistance Key Today
*RES 4: 2.975 - 21-DMA 
*RES 3: 2.955 - Low May 24 now resistance 
*RES 2: 2.926 - High June 1 
*RES 1: 2.904 - 55-DMA
*PRICE: 2.895 @ 2130GMT
*SUP 1: 2.860 - Low June 1 
*SUP 2: 2.821 - Hourly support May 30 
*SUP 3: 2.790 - Hourly support May 30a 
*SUP 4: 2.759 - Low May 29
*COMMENTARY: The break of the 21-WMA (2.847) & the bull channel base (2.867) off
2017 lows has lacked follow through with the closes above the 100-DMA (2.846)
buying bulls breathing room. The 2.926 resistance is key. Bulls need a close
above to hint at a move back to 2018 highs with above 3.014 needed to add
further support. Bears now need a close below 2.860 to ease pressure on the
55-DMA.
     JGB TECHS: (M18) Supported Ahead Of Key DMAs For Now
*RES 4: 151.15 - 2018 High Mar 2
*RES 3: 151.13 - Monthly High May 30
*RES 2: 151.02 - Hourly resistance May 30
*RES 1: 150.90 - Hourly support May 28 now resistance
*PRICE: 150.87 @ 2130GMT
*SUP 1: 150.75 - 200-DMA 
*SUP 2: 150.73 - 100-DMA 
*SUP 3: 150.62 - Low May 16 
*SUP 4: 150.39 - Monthly Low Apr 26
*COMMENTARY: Having looked offered heading into Friday bears were not
disappointed with a dip pressuring key DMAs. Bears now look for a close below
the 100-DMA to shift initial focus to 150.62 and overall focus to 150.39.
Correcting modestly O/B studies are currently weighing. Bulls now need a close
above 150.90 to gain breathing room and above 151.02 to return focus to
151.13-19.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]
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