MNI Asian Morning FI Technical Analysis

25 July 2018

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (U18) Flirting With 100-DMA 

*RES 4: 97.950 - High July 4 

*RES 3: 97.907 - 21-DMA 

*RES 2: 97.895 - High July 20 

*RES 1: 97.846 - 55-DMA

*PRICE: 97.835 @ 2130GMT

*SUP 1: 97.820 - Low July 24 

*SUP 2: 97.795 - High June 13 now support 

*SUP 3: 97.755 - Low June 13 

*SUP 4: 97.720 - Monthly Low June 7

*COMMENTARY: Pressure returning to the 100-DMA to start the new week has so far

managed to result in a close below. Bears now look for a close below 97.820 to

add weight to the case for a move back to 97.675 lows with below 99.795 needed

to confirm the shift in focus. Bulls now look for a close above the 55-DMA to

gain breathing room and above the 21-DMA to return focus to 97.950-965 where

2018 highs are situated.

     AUSSIE 10-YR TECHS: (U18) Below 97.2350 To Pressure LT Bull Channel Base 

*RES 4: 97.4000 - High July 9

*RES 3: 97.3850 - Repeated daily highs July

*RES 2: 97.3150 - Hourly support July 23 now resistance

*RES 1: 97.2900 - High July 24

*PRICE: 97.2800 @ 2130GMT

*SUP 1: 97.2600 - Low July 24

*SUP 2: 97.2350 - High June 11 now support

*SUP 3: 97.1725 - Low June 12

*SUP 4: 97.1687 - LT Weekly bull channel base off 2008 Low

*COMMENTARY: Losses to start the new week resulted in a close below the bull

channel base off May lows and pressure on key DMAs. Bears now look for a close

below the 100-DMA to hint at a move back to 97.0450-1687 where the LT bull

channel base is noted, with below 97.2350 to add weight to the case. Bulls now

need a close above 97.3150 to gain breathing room and above 97.3850 to return

focus to 97.4000-4400.

     US 10-YR FUTURE TECHS: (U18) Bulls Need Close Above 119-30

*RES 4: 120-06+ Hourly support July 20 now resistance

*RES 3: 119-30  Hourly support July 23 now resistance

*RES 2: 119-26+ Alternating Daily support/resistance

*RES 1: 119-20+ 55-DMA, High July 24

*PRICE: 119-17+ @ 2130GMT

*SUP 1: 119-12+ Low July 24

*SUP 2: 119-06  Low June 14

*SUP 3: 118-29+ Monthly Low June 13

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

*COMMENTARY: Losses continue to define the week with fresh 5 week lows although

follow through has so far been lacking. Bears now look for a close below 119-12+

to shift overall focus back to tests of May lows (117-30) with below 118-29+ to

add weight to their case. Bulls still need a close above 119-30 to gain

breathing room and above 120-20 to confirm a shift in focus to the key 121-03/12

region.

     US 10-YR YIELD TECHS: Bears Need Close Below 55-DMA

*RES 4: 3.050 - Low May 22 

*RES 3: 3.014 - High May 24 

*RES 2: 2.985 - Hourly resistance June 13 

*RES 1: 2.973 - High July 24

*PRICE: 2.950 @ 2130GMT

*SUP 1: 2.945 - Low July 24 

*SUP 2: 2.923 - 55-DMA 

*SUP 3: 2.902 - Hourly resistance July 23 now support 

*SUP 4: 2.880 - Hourly support July 20

*COMMENTARY: The recovery from last week's low resulted in a close above the key

2.950 resistance this week and confirming traction above the 55-DMA. Bullish

focus now shifts to the 3.014-084 resistance region with a close above 3.084 to

confirm initial focus on 3.128-223 where 2018 highs are noted. Bears now need a

close below the 55-DMA to gain breathing room and below 2.880 to shift focus

back to 2.807.

     JGB TECHS: (U18) Above 200-DMA To Shift Focus Higher

*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: 150.68 - High July 24

*PRICE: 150.61 @ 2130GMT

*SUP 1: 150.45 - Hourly support July 24 

*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 resulted in a test of 150.36 having

shifted overall focus to 149.85-150.09 where the 200-WMA and 2018 lows are

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

close 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]