MNI Asian Morning FI Technical Analysis

14 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: 97.923 - 55-WMA 

*RES 3: 97.910 - High Mar 29 

*RES 2: 97.867 - 200-DMA 

*RES 1: 97.830 - Lows May 30 & 31 now resistance

*PRICE: 97.790 @ 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 97.867-923

where the 200-DMA & 55-WMA are noted. Bears still need a close below 97.755 to

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

Daily studies correcting from modestly O/S levels remains the key concern for

bears.

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

*RES 4: 97.3971 - 100-WMA

*RES 3: 97.3650 - High May 31

*RES 2: 97.2900 - Low June 1 now resistance

*RES 1: 97.2585 - 200-DMA

*PRICE: 97.2250 @ 2130GMT

*SUP 1: 97.1725 - Low June 12

*SUP 2: 97.1450 - Low June 7

*SUP 3: 97.1187 - LT Weekly Bull channel base off 2008 Low

*SUP 4: 97.1000 - Hourly resistance May 17 now support

*COMMENTARY: The break of 97.1500 lacked follow through and now sees the

contract working its way back towards the key 97.2900 resistance. Bulls continue

to look for a close above 97.2900 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 with a close below 97.0450

initially targeting 96.9650.

     US 10-YR FUTURE TECHS: (U18) 55-DMA Resistance Key Today

*RES 4: 120-00+ High June 7

*RES 3: 119-23  Hourly resistance June 8

*RES 2: 119-18+ 55-DMA

*RES 1: 119-09+ Daily bear channel top off May high

*PRICE: 119-07+ @ 2130GMT

*SUP 1: 119-05  Hourly support June 13

*SUP 2: 118-29  Low June 13

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

*SUP 4: 118-09  Low May 21

*COMMENTARY: Bears failed to capitalise on the marginal break of the key 118-30

support with the contract lacking downside follow through. The 55-DMA remains

key today with bulls need a close above to confirm a break of the bear channel

top off May highs and above 120-00+ to confirm traction above the 100-DMA

(119-25+) and add support to the case for a move back to 121-03/12+. Bears now

need a close below 118-29+ to shift initial focus back to 2018 lows.

     US 10-YR YIELD TECHS: 3.014 Resistance Remains Key

*RES 4: 3.084 - High May 21 

*RES 3: 3.050 - Low May 22 

*RES 2: 3.014 - High May 24 

*RES 1: 2.985 - Hourly resistance June 13

*PRICE: 2.968 @ 2130GMT

*SUP 1: 2.966 - Hourly resistance June 13 now support 

*SUP 2: 2.944 - Low June 12 

*SUP 3: 2.921 - Hourly support June 8 

*SUP 4: 2.884 - Low June 7

*COMMENTARY: The 3.014 resistance reconfirmed significance with the yield capped

ahead of this level and looking a little offered. The 2.944 support is key today

with bears needing a close below to ease bullish pressure and return focus to

2.884. Below this level confirms a break of the 55-DMA (2.918) and sees bears

targeting 2.717-759 where Mar & May lows are noted. Bulls still need a close

above 3.014 to confirm a break of the 21-DMA (2.967) and target 2018 highs.

     JGB TECHS: (U18) 200-DMA Initial Resistance

*RES 4: 151.02 - Hourly resistance May 30

*RES 3: 150.94 - Low May 31 now resistance

*RES 2: 150.88 - High June 8

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

*PRICE: 150.62 @ 2130GMT

*SUP 1: 150.56 - Rising daily TL Off 2017 low 

*SUP 2: 150.53 - Low Apr 27 

*SUP 3: 150.39 - Monthly Low Apr 26 

*SUP 4: 150.36 - High Feb 1 now support

*COMMENTARY: Focus now shifts to the 150.53-56 support region with bears needing

a close below to confirm a break of the rising daily TL off 2018 lows and shift

initial focus to 150.36-39 and overall focus to 150.09 2018 lows. The 100 &

200-DMAs are now initial resistance. Bulls need a close above to gain breathing

room and 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]