MNI Asian Morning FI Technical Analysis

27 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: 97.955 - High Dec 15 

*RES 3: 97.935 - High May 15 

*RES 2: 97.929 - Bollinger band top 

*RES 1: 97.910 - High Mar 29, 55-WMA

*PRICE: 97.890 @ 2130GMT

*SUP 1: 97.862 - 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: Bulls take comfort in the bounce from ahead of 97.835 which retains

focus on 97.910 where the 55-WMA is noted. Bulls continue to look for a close

above the 55-WMA to shift focus to 97.955-98.045 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) Bulls Need Close Above 97.4400 

*RES 4: 97.4400 - 2018 High Apr 3

*RES 3: 97.4100 - Monthly High May 30

*RES 2: 97.3850 - High June 19

*RES 1: 97.3831 - 100-WMA

*PRICE: 97.3450 @ 2130GMT

*SUP 1: 97.3350 - Low June 26

*SUP 2: 97.2900 - Low June 18

*SUP 3: 97.2550 - Hourly support June 14

*SUP 4: 97.1725 - Low June 12

*COMMENTARY: Bulls take comfort as pressure remains on the 97.3650-4400

resistance region where the 100-WMA and monthly highs are situated. 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 97.1360-1725 where the long-term bull

channel base is located.

     US 10-YR FUTURE TECHS: (U18) Bulls Need Close Above 120-06

*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: 120-00 @ 2130GMT

*SUP 1: 119-26+ Low June 26

*SUP 2: 119-20+ Low June 22

*SUP 3: 119-13+ Low June 21

*SUP 4: 119-09  Hourly resistance June 13 now support

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

break of 119-14+ with gains to start the new week seeing immediate pressure back

on the 120-06 high from last week. Bulls look for a close above 120-06 to

confirm focus on 121-03/12+. Bears now need a close below 119-26+ to gain

breathing room and below 119-13+ to confirm a break of the 55-DMA (119-13+) and

hint at a move back to 2018 lows.

     US 10-YR YIELD TECHS: 2.853 Support Key This Week

*RES 4: 2.965 - Hourly support June 13 now resistance 

*RES 3: 2.950 - High June 21 

*RES 2: 2.935 - Hourly resistance June 21 

*RES 1: 2.900 - High June 26

*PRICE: 2.877 @ 2130GMT

*SUP 1: 2.853 - Low June 19 

*SUP 2: 2.821 - Hourly support May 30 

*SUP 3: 2.790 - Hourly support May 30a 

*SUP 4: 2.759 - Low May 29

*COMMENTARY: Bulls failed to trouble key layers of resistance in recent weeks

and in particular 3.014 with the yield offered. The 2.853 support remains 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) Topside Follow Through Lacking

*RES 4: 151.13 - Monthly High May 30

*RES 3: 151.02 - Hourly resistance May 30

*RES 2: 150.94 - Low May 31 now resistance

*RES 1: 150.89 - High June 25

*PRICE: 150.84 @ 2130GMT

*SUP 1: 150.81 - Low June 25 

*SUP 2: 150.71 - Low June 15 

*SUP 3: 150.60 - Low June 14 

*SUP 4: 150.53 - Low Apr 27

*COMMENTARY: Topside follow through was lacking to start the new week with the

contract failing to gain traction above the 21-DMA (150.84). Bulls continue to

look for a close above 150.94 to confirm traction above the 21-DMA and return

focus to the 151.02-19 resistance region. Daily studies approaching O/B are a

concern for bears. Bears now need a close below 150.81 to gain breathing room

and below 150.71 to reconfirm initial focus on 150.53-60.

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

[TOPICS: MTABLE]