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11 June 2018
By Kyle Shortland
     
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (M18) 97.830 Resistance Key This Week 
*RES 4: 97.910 - High Mar 29 
*RES 3: 97.870 - 200-DMA 
*RES 2: 97.830 - Lows May 30 & 31 now resistance 
*RES 1: 97.812 - 100-DMA
*PRICE: 97.770 @ 2130GMT
*SUP 1: 97.770 - Alternating daily support/resistance 
*SUP 2: 97.720 - Low June 7 
*SUP 3: 97.700 - Monthly Low May 17 
*SUP 4: 97.675 - 2018 Low Apr 24
*COMMENTARY: The recovery from last week's low provided bulls breathing room but
a close above 97.830 remains needed to shift initial focus back to 97.870-910
where the 200-DMA is noted. Bears now need a close below 97.770 to return
pressure to the 97.675-720 region where 2018 & monthly lows are situated. Daily
studies are largely at neutral levels and giving away few clues.
     AUSSIE 10-YR TECHS: (M18) 97.2900 Resistance Key 
*RES 4: 97.4051 - 100-WMA
*RES 3: 97.3650 - High May 31
*RES 2: 97.2900 - Low June 1 now resistance
*RES 1: 97.2326 - 55-DMA
*PRICE: 97.1950 @ 2130GMT
*SUP 1: 97.1450 - Low June 7
*SUP 2: 97.1187 - LT Weekly Bull channel base off 2008 Low
*SUP 3: 97.1000 - Hourly resistance May 17 now support
*SUP 4: 97.0427 - Bollinger band base
*COMMENTARY: The break of 97.1500 has so far lacked follow through which is less
than ideal for bears. Daily momentum studies are back at neutral levels
increasing the risk of a correction higher. The 97.2900 resistance is key today.
Bulls need a close above to confirm breaks of DMAs and to shift focus back to
97.3650-4400. The 97.0450-1187 support region where the weekly LT bull channel
base and 2018 low are noted remains key.
     US 10-YR FUTURE TECHS: (U18) 120-00+ Resistance Key Today
*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: 120-00+ High June 7
*PRICE: 119-19 @ 2130GMT
*SUP 1: 119-14+ Low June 8
*SUP 2: 119-07+ 21-DMA
*SUP 3: 119-04  Low June 7
*SUP 4: 118-30  Low May 24
*COMMENTARY: The dip below 21-DMA was aggressively reversed although so far
bulls have failed to gain traction above the 100-DMA (119-27+). Bulls now need a
close above 120-00+ to confirm traction above the 100-DMA and add support to the
case for a move back to 121-03/12+.The 118-30 support remains key this week.
Bears continue to look for a close below to confirm a break of the 21-DMA and
shift initial focus back to 2018 lows.
     US 10-YR YIELD TECHS: 2.884 & 3.014 Levels Now Key
*RES 4: 3.050 - Low May 22 
*RES 3: 3.014 - High May 24 
*RES 2: 2.994 - High June 7 
*RES 1: 2.967 - Hourly support June 7 now resistance
*PRICE: 2.935 @ 2130GMT
*SUP 1: 2.884 - Low June 7 
*SUP 2: 2.860 - Low June 1 
*SUP 3: 2.821 - Hourly support May 30 
*SUP 4: 2.790 - Hourly support May 30a
*COMMENTARY: Failure to take out 3.014 resulted in a sell-off Thursday and dips
below the 55-DMA (2.911) easing bullish pressure. Bears now need a close below
2.884 lows from Thursday to confirm a break of the 55-DMA and to return focus to
2.717-759 where Mar & May lows are noted. Daily momentum studies are back at
neutral levels and ready for a fresh leg lower. Bulls need a close above 3.014
to confirm a break of the 21-DMA and target 2018 highs.
     JGB TECHS: (M18) 100-DMA Support Key
*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: 150.94 - Low May 31 now resistance
*PRICE: 150.87 @ 2130GMT
*SUP 1: 150.76 - 200-DMA 
*SUP 2: 150.75 - 100-DMA 
*SUP 3: 150.62 - Low May 16 
*SUP 4: 150.39 - Monthly Low Apr 26
*COMMENTARY: Failure to take out the 100-DMA support is a concern for bears. A
close below this level is needed to shift initial focus to 150.62 and overall
focus to 150.39. Daily momentum studies have worked off their O/B condition and
are set for a fresh leg higher. Bulls need a close above 151.02 to return
initial focus to 151.13-19 and above 2018 highs to shift focus to 151.51 2017
highs.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]