MNI Asian Morning FI Technical Analysis

28 June 2018

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (U18) Bulls Targeting 100 & 200-WMAs 

*RES 4: 98.027 - 200-WMA 

*RES 3: 97.955 - High Dec 15 

*RES 2: 97.940 - Bollinger band top 

*RES 1: 97.935 - High May 15

*PRICE: 97.925 @ 2130GMT

*SUP 1: 97.910 - High Mar 29 now support, 55-WMA 

*SUP 2: 97.862 - 200-DMA 

*SUP 3: 97.835 - High June 14 now support 

*SUP 4: 97.795 - High June 13 now support

*COMMENTARY: The bounce from ahead of 97.835 returned pressure to 97.910 with

bulls taking comfort in the close above that now sees focus on 97.955-038 where

the 100 & 200-WMAs are located. Daily studies looking to correct from O/B and

the Bollinger top are key concerns for bulls. Bears now need a close below

97.910 to gain breathing room and hint at a correction back to 97.835-862.

     AUSSIE 10-YR TECHS: (U18) Bulls Need Close Above 97.4400 

*RES 4: 97.4400 - 2018 High Apr 3

*RES 3: 97.4192 - Bollinger band top

*RES 2: 97.4135 - Weekly Bollinger band top

*RES 1: 97.4100 - Monthly High May 30

*PRICE: 97.3850 @ 2130GMT

*SUP 1: 97.3350 - Low June 26

*SUP 2: 97.2894 - 21-DMA

*SUP 3: 97.2550 - Hourly support June 14

*SUP 4: 97.2274 - 55-DMA

*COMMENTARY: Bulls take comfort as pressure remains on the 97.4100-4400

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 the 21-DMA to ease bullish pressure

and below the 55-DMA to shift focus back to 97.1360-1725 where the long-term

bull channel base is located.

     US 10-YR FUTURE TECHS: (U18) Focus Shifts To 121-03/12

*RES 4: 121-12  Monthly High June

*RES 3: 121-03  High May 30

*RES 2: 120-24  Hourly resistance May 30a

*RES 1: 120-16  Hourly resistance May 30

*PRICE: 120-12+ @ 2130GMT

*SUP 1: 120-02  Hourly support June 27

*SUP 2: 119-26+ Low June 26

*SUP 3: 119-20+ Low June 22

*SUP 4: 119-13+ Low June 21

*COMMENTARY: The recovery from the dip below 119-14+ saw pressure return to

120-06 and bulls taking comfort in a close above Wednesday. Bulls now focus on

121-03/12 where May highs are located. Daily studies approaching O/B and the

Bollinger top (120-13) capping are concerns for bulls. Initial support is now

noted at 120-02. Bears now need a close below this level to ease bullish

pressure and below 119-26+ to shift focus back to 119-13+.

     US 10-YR YIELD TECHS: Bears Now Targeting 2.717-759

*RES 4: 2.935 - Hourly resistance June 21 

*RES 3: 2.900 - High June 26 

*RES 2: 2.873 - Hourly resistance June 27 

*RES 1: 2.837 - Hourly support June 27 now resistance

*PRICE: 2.827 @ 2130GMT

*SUP 1: 2.821 - Hourly support May 30 

*SUP 2: 2.790 - Hourly support May 30a 

*SUP 3: 2.759 - Low May 29 

*SUP 4: 2.717 - Monthly Low Apr 2

*COMMENTARY: Topside failures around 2.950 saw pressure return to the 2.853

support resulting in a close below Wednesday that now sees focus back on

2.717-759 where Apr & May lows are noted. The Bollinger base (2.826) is the key

concern for bulls and currently supports. Bulls now need a close above 2.873 to

gain breathing room and above 2.950 to pressure the key 3.014-050 region.

     JGB TECHS: (U18) Narrow Sideways Trading Continues

*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: 150.86 @ 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 (150.83). 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 bulls. 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]