MNI Asian Morning FI Technical Analysis

20 June 2018

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (U18) 97.910 Resistance Now Key 

*RES 4: 97.935 - High May 15 

*RES 3: 97.916 - 55-WMA 

*RES 2: 97.910 - High Mar 29 

*RES 1: 97.902 - Bollinger band top

*PRICE: 97.870 @ 2130GMT

*SUP 1: 97.865 - 200-DMA 

*SUP 2: 97.835 - High June 14 now support 

*SUP 3: 97.795 - High June 13 now support 

*SUP 4: 97.755 - Low June 11

*COMMENTARY: Despite closing above the 200-DMA topside follow through has been

lacking courtesy of the Bollinger band top with the contract capped at 97.910.

Bulls now look for a close above 97.910 to shift focus to 97.955-98.044 where

100 & 200-WMAs are noted. Bears now need a close below 97.835 to gain breathing

room and confirm a false break of the 200-DMA, and below 97.795 to shift initial

focus back to 97.755.

     AUSSIE 10-YR TECHS: (U18) 97.2550-2900 Support Region Key 

*RES 4: 97.4100 - Monthly High May 30

*RES 3: 97.3906 - 100-WMA

*RES 2: 97.3846 - Bollinger band top

*RES 1: 97.3800 - High June 19

*PRICE: 97.3400 @ 2130GMT

*SUP 1: 97.2900 - Low June 18

*SUP 2: 97.2550 - Hourly support June 14

*SUP 3: 97.1725 - Low June 12

*SUP 4: 97.1450 - Low June 7

*COMMENTARY: The pop into the 97.3650-4400 resistance region where the 100-WMA

and monthly highs are situated has lacked follow through courtesy of the

Bollinger band top. Bulls look for a close above 97.4400 to confirm a break of

the 100-WMA and initially target 97.5000-5200. Bears look for a close below

97.2900 to ease bullish pressure and below 97.2550 to shift focus back to

97.1231-1725 where the long-term bull channel base is located.

     US 10-YR FUTURE TECHS: (U18) Bears Need Close Below 119-14+

*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: 120-06  High June 19

*PRICE: 119-26 @ 2130GMT

*SUP 1: 119-24  Hourly support June 18

*SUP 2: 119-14+ Low June 15

*SUP 3: 119-09  Hourly resistance June 13 now support

*SUP 4: 118-29  Low June 13

*COMMENTARY: The break of 120-00+ lacked follow through Tuesday which is less

than ideal for bulls. Bulls now need a close above 120-06 to confirm focus on

112-03/12+. Daily studies have returned to more neutral levels. Bears continue

to look for a close below 119-14+ to confirm breaks of 21 (119-17+) & 55

(119-15+) DMAs, easing bullish pressure, and below 118-29+ to shift initial

focus back to 2018 lows.

     US 10-YR YIELD TECHS: Above 2.937 To Gain Breathing Room

*RES 4: 2.985 - Hourly resistance June 13 

*RES 3: 2.965 - Hourly support June 13 now resistance 

*RES 2: 2.937 - High June 15 

*RES 1: 2.906 - Hourly resistance June 18

*PRICE: 2.897 @ 2130GMT

*SUP 1: 2.884 - Hourly support June 19 

*SUP 2: 2.852 - Low June 19 

*SUP 3: 2.821 - Hourly support May 30 

*SUP 4: 2.790 - Hourly support May 30a

*COMMENTARY: The break of 2.884 and the 100-DMA (2.887) has so far lacked follow

through. Bears now need a close below 2.852 to confirm traction below the

100-DMA and add weight to the case for a test of 2.717-759 where Mar & May lows

are noted. Bulls continue to look for a close above 2.937 to gain breathing room

and above 3.014 to end bearish hopes and target 2018 highs.

     JGB TECHS: (U18) 150.71 Support Key Today

*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: 150.86 - 21-DMA

*PRICE: 150.83 @ 2130GMT

*SUP 1: 150.71 - Low June 15 

*SUP 2: 150.60 - Low June 14 

*SUP 3: 150.58 - Rising daily TL Off 2017 low 

*SUP 4: 150.53 - Low Apr 27

*COMMENTARY: Bears have so far failed to capitalise on last Wednesday's sell-off

with the recovery resulting in pops above 100 & 200-DMAs. The 150.88-94

resistance region remains key today. Bulls need a close above this region to

return focus to the 151.02-19 resistance region. Daily studies remain well

placed for gains. Bears now need a close below 150.71 to gain breathing room and

reconfirm initial focus on 150.53-60.

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

[TOPICS: MTABLE]