MNI Asian Morning FI Technical Analysis

13 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: 97.868 - 200-DMA 

*RES 3: 97.830 - Lows May 30 & 31 now resistance 

*RES 2: 97.813 - 100-DMA 

*RES 1: 97.795 - High June 8

*PRICE: 97.780 @ 2130GMT

*SUP 1: 97.755 - Low June 11 

*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 97.868-910

where the 200-DMA is noted. Bears now need a close below 97.755 to return

pressure to the 97.675-720 region where 2018 & monthly lows are situated. Daily

studies approaching O/S are now seen as a concern for bears.

     AUSSIE 10-YR TECHS: (M18) 97.2900 Resistance Key 

*RES 4: 97.3970 - 100-WMA

*RES 3: 97.3650 - High May 31

*RES 2: 97.2900 - Low June 1 now resistance

*RES 1: 97.2276 - 55-DMA

*PRICE: 97.2025 @ 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: 97.0445 - 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 heading towards O/S increases 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) 118-30 & 120-00+ Key This Week

*RES 4: 120-16  Hourly resistance May 30

*RES 3: 120-00+ High June 7

*RES 2: 119-23  Hourly resistance June 8

*RES 1: 119-19+ 55-DMA

*PRICE: 119-11+ @ 2130GMT

*SUP 1: 119-04  Low June 7

*SUP 2: 118-30  Low May 24

*SUP 3: 118-19  High May 22 now support

*SUP 4: 118-09  Low May 21

*COMMENTARY: The failure at 120-00+ last week has left the contract looking

offered and focus on the 118-30/119-08+ support region where the 21-DMA

(119-08+) is situated. 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. Bulls 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+.

     US 10-YR YIELD TECHS: 2.884 & 3.014 Levels Key

*RES 4: 3.050 - Low May 22 

*RES 3: 3.014 - High May 24 

*RES 2: 2.994 - High June 7 

*RES 1: 2.970 - Alternating hourly support/resistance

*PRICE: 2.965 @ 2130GMT

*SUP 1: 2.944 - Low June 12 

*SUP 2: 2.921 - Hourly support June 8 

*SUP 3: 2.884 - Low June 7 

*SUP 4: 2.860 - Low June 1

*COMMENTARY: Failure to take out 3.014 resulted in a sell-off last Thurs and

dips below the 55-DMA (2.916). 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. Bulls now need a close above 3.014 to confirm a break

of the 21-DMA (2.969) and target 2018 highs. Daily studies heading towards O/B

levels is a concern for bulls.

     JGB TECHS: (M18) 200-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: 150.79 @ 2130GMT

*SUP 1: 150.76 - 200-DMA, 100-DMA 

*SUP 2: 150.65 - Bollinger band base 

*SUP 3: 150.62 - Low May 16 

*SUP 4: 150.39 - Monthly Low Apr 26

*COMMENTARY: Failure to take out the 100-DMA & 200-DMAs is a concern for bears.

A close below these key DMAs remains 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]