MNI Asian Morning FI Technical Analysis

21 June 2018

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (U18) 97.835 & 97.910 Levels Key 

*RES 4: 97.916 - 55-WMA 

*RES 3: 97.910 - High Mar 29 

*RES 2: 97.905 - Bollinger band top 

*RES 1: 97.885 - Hourly resistance June 20

*PRICE: 97.860 @ 2130GMT

*SUP 1: 97.835 - High June 14 now support 

*SUP 2: 97.795 - High June 13 now support 

*SUP 3: 97.755 - Low June 11 

*SUP 4: 97.720 - Low June 7

*COMMENTARY: Failure to gain traction above the 200-DMA has left the contract

looking a little offered and focus back on 97.835. Bears look for a close below

this level to confirm a false break of the 200-DMA, easing bullish pressure and

below 97.795 to shift initial focus back to 97.755. Bulls now need a close above

97.885 to gain breathing room and above 97.910 to shift focus to 97.955-98.044

where 100 & 200-WMAs are noted.

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

*RES 4: 97.4400 - 2018 High Apr 3

*RES 3: 97.4100 - Monthly High May 30

*RES 2: 97.3906 - 100-WMA

*RES 1: 97.3850 - High June 19, Bollinger band top

*PRICE: 97.3200 @ 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: 120-24  Hourly resistance May 30a

*RES 3: 120-16  Hourly resistance May 30

*RES 2: 120-06  High June 19

*RES 1: 119-30+ High June 20

*PRICE: 119-17+ @ 2130GMT

*SUP 1: 119-14+ Low June 15

*SUP 2: 119-09  Hourly resistance June 13 now support

*SUP 3: 118-29  Low June 13

*SUP 4: 118-19  High May 22 now support

*COMMENTARY: The lack of follow through on the break of 120-00+ has been

followed up with losses Wednesday that see immediate pressure back on 119-14+.

Bears continue to look for a close below 119-14+ to confirm breaks of 21

(119-19+) & 55 (119-15+) DMAs, easing bullish pressure, and below 118-29+ to

shift initial focus back to 2018 lows. Bulls now need a close above 119-30+ to

gain breathing room and above 120-06 to confirm focus on 112-03/12+.

     US 10-YR YIELD TECHS: 3.014 Resistance Remains Key

*RES 4: 3.050 - Low May 22 

*RES 3: 3.014 - High May 24 

*RES 2: 2.985 - Hourly resistance June 13 

*RES 1: 2.965 - Hourly support June 13 now resistance

*PRICE: 2.939 @ 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 (2.890) has so far lacked follow

through with the close above the 21 (2.930) & 55 (2.933) buying bulls breathing

room. Bulls continue to look for a close above 3.014 to end bearish hopes and

initially target 2018 highs. The 2.853 support is now key. Bears need a close

below this level to reconfirm a bearish bias and initially target 2.717-759

where Mar & May lows are noted.

     JGB TECHS: (U18) Bears Need Close Below150.71

*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: 150.79 @ 2130GMT

*SUP 1: 150.71 - Low June 15 

*SUP 2: 150.60 - Low June 14 

*SUP 3: 150.59 - Rising daily TL Off 2017 low 

*SUP 4: 150.53 - Low Apr 27

*COMMENTARY: Bears have so far failed to capitalise on last week'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]