MNI Asian Morning FI Technical Analysis

23 July 2018

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (U18) 21 & 100-DMAs Key Today 

*RES 4: 97.965 - 2018 High July 2 

*RES 3: 97.959 - Bollinger band top 

*RES 2: 97.950 - High July 4 

*RES 1: 97.913 - 21-DMA

*PRICE: 97.875 @ 2130GMT

*SUP 1: 97.866 - Bollinger band base 

*SUP 2: 97.845 - 55-DMA 

*SUP 3: 97.833 - 100-DMA 

*SUP 4: 97.795 - High June 13 now support

*COMMENTARY: The sell-off Thursday lacked follow through with an aggressive

bounce ahead of 55 & 100-DMAs. Bears now need a close below the 100-DMA to end

bullish hopes and below 97.795 to confirm focus on 97.675 2018 lows. Bulls

continue to look for a close above the 21-DMA to gain breathing room and above

97.965 to return focus to 98.017-038 where 100 & 200-WMAs are noted.

     AUSSIE 10-YR TECHS: (U18) Bull Channel Base Supporting 

*RES 4: 97.4400 - 2018 High Apr 3

*RES 3: 97.4376 - Weekly Bollinger band top

*RES 2: 97.4200 - High July 2

*RES 1: 97.4000 - High July 9

*PRICE: 97.3350 @ 2130GMT

*SUP 1: 97.3350 - Daily Bull channel base off May Low

*SUP 2: 97.2900 - Low June 18

*SUP 3: 97.2817 - 55-DMA

*SUP 4: 97.2693 - 100-DMA

*COMMENTARY: The daily bull channel base off May lows reconfirmed significance

Thursday with a bounce that maintained focus on 97.4000-4400 where 2018 highs

and the 100-WMA are noted. Bulls need a close above 97.4400 to confirm a break

of the 100-WMA (97.3609) and initially target 97.5000-5200. The 100-DMA is key

support this week. Bears need a close below the 100-DMA to shift focus back to

97.1632-1725 where the LT rising TL off 2008 lows is located.

     US 10-YR FUTURE TECHS: (U18) Narrowed Bollis Hint At Breakout

*RES 4: 120-20  High July 6

*RES 3: 120-14+ Bollinger band top

*RES 2: 120-13+ High July 19

*RES 1: 120-06+ Hourly support July 20 now resistance

*PRICE: 119-31+ @ 2130GMT

*SUP 1: 119-26+ Low June 26, Bollinger band base

*SUP 2: 119-24+ 100-DMA

*SUP 3: 119-19+ 55-DMA

*SUP 4: 119-13+ Low June 21

*COMMENTARY: The 119-26+ support confirmed significance with an aggressive

bounce that saw focus return to 120-20. Bulls failed to capitalise with pressure

back on 119-26+ to end last week. Bears continue to look for a close and below

119-26+ to confirm traction below the 21-DMA and initially pressure 119-13+/19+

where the 55-DMA is found. Bulls now look for a close above 120-06+ to gain

breathing room and above 120-20 to confirm focus on the key 121-03/12 region.

     US 10-YR YIELD TECHS: Focus Back On 2.950

*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: 2.922 - 55-DMA

*PRICE: 2.893 @ 2130GMT

*SUP 1: 2.880 - Hourly support July 20 

*SUP 2: 2.860 - Hourly resistance July 20 now support 

*SUP 3: 2.823 - Low July 16 

*SUP 4: 2.807 - Low July 6

*COMMENTARY: Bulls take comfort in the failure to challenge the 2.807 support

last week and the rally and bullish close Friday that sees focus on 2.922-950

where the 55-DMA is this week. Bulls need a close above 2.950 to confirm

traction above 55 & 100-DMAs and pressure the key 3.014-050 resistance region.

Bears now look for a close below 2.880 to gain breathing room and below 2.860 to

pressure the key 2.807 support.

     JGB TECHS: (U18) Bulls Need Close Above 150.60

*RES 4: 150.92 - Low July 20 now resistance

*RES 3: 150.83 - Low July 19 now resistance

*RES 2: 150.74 - 200-DMA

*RES 1: 150.60 - Low June 14 now resistance

*PRICE: 150.49 @ 2130GMT

*SUP 1: 150.39 - Monthly Low Apr 26 

*SUP 2: 150.36 - High Feb 1 now support 

*SUP 3: 150.09 - 2018 Low Feb 2 

*SUP 4: 149.85 - 200-WMA

*COMMENTARY: Topside hesitation ahead of the 151.02 level took its toll Friday

with a sharp sell-off and bearish close that sees immediate pressure on

150.36-39 and overall focus now on 149.85-150.09 where the 200-WMA and 2018 lows

are noted. Layers of resistance have been left in the wake with bulls needing a

close above 150.60 to gain breathing room and above the 200-DMA to shift focus

back to 150.83-151.02.

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

[TOPICS: MTABLE]