MNI Asian Morning FI Technical Analysis

22 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 & 97.916 Levels Key 

*RES 4: 97.935 - High May 15 

*RES 3: 97.916 - 55-WMA 

*RES 2: 97.910 - High Mar 29, Bollinger band top 

*RES 1: 97.885 - Hourly resistance June 20

*PRICE: 97.880 @ 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: Bulls take comfort in the bounce from ahead of 97.835 which retains

focus on 97.916 where the 55-WMA is noted. Bulls now look for a close above the

55-WMA to shift focus to 97.955-98.044 where 100 & 200-WMAs are noted. The

97.795-97.835 support region remains key. Bears look for a close below 97.835 to

ease bullish pressure 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: 97.4400 - 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: 97.3500 @ 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) 119-13+ Support Now Key Today

*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: 119-27+ @ 2130GMT

*SUP 1: 119-13+ Low June 21

*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: Bulls take comfort in the lack of downside follow through on the

break of 119-14+. Bears now look for a close below 119-13+ to confirm breaks of

21 (119-21+) & 55 (119-14+) DMAs, easing bullish pressure, and below 118-29+ to

shift initial focus back to 2018 lows. Bulls still 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: 2.853 Support Key Today

*RES 4: 2.985 - Hourly resistance June 13 

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

*RES 2: 2.950 - High June 21 

*RES 1: 2.935 - Hourly resistance June 21

*PRICE: 2.899 @ 2130GMT

*SUP 1: 2.884 - Hourly support June 19 

*SUP 2: 2.853 - Low June 19 

*SUP 3: 2.821 - Hourly support May 30 

*SUP 4: 2.790 - Hourly support May 30a

*COMMENTARY: Bulls have failed to trouble key layers of resistance and in

particular 3.014 with the yield again looking offered. 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. Bulls now need a

close above 2.950 to gain breathing room and above 3.014 to end bearish hopes

and initially target 2018 highs.

     JGB TECHS: (U18) Narrow Sideways Trading Continues

*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: 150.85 - 21-DMA

*PRICE: 150.82 @ 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 bounces back towards 150.88. 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]