MNI FI Technical Analysis

7 February 2018

By Kyle Shortland

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

http://tinyurl.com/h8pyhnq

US 5-YR FUTURE TECHS: (H18) Bulls Need Close Above 115-10+

*RES 4: 115-26+ 55-DMA

*RES 3: 115-22+ High Jan 11

*RES 2: 115-10+ Hourly resistance Feb 6a

*RES 1: 114-31+ Hourly resistance Feb 6

*PRICE: 114-28+ @ 0930GMT

*SUP 1: 114-20+ Hourly support Feb 6

*SUP 2: 114-09+ 2018 Low Feb 6

*SUP 3: 113-29  Bear channel base

*SUP 4: 113-28  Monthly Low Apr 1 2010

*COMMENTARY: Bulls have failed to capitalise on the aggressive rally and bullish

close Tuesday with the contract rejected ahead of 115-22+ resistance and 55-DMA.

Bulls now need a close above 115-10+ to retain pressure on 115-22+/26+ where the

55-DMA is noted. Above the 55-DMA is needed to confirm a shift higher in focus

and above 116-06+ to target the 100-DMA (116-13+). Bears remain focused on the

bear channel base while 115-10+ caps.

US 10-YR FUTURE TECHS: (H18) Topside Follow Through Lacking

*RES 4: 122-30 Hourly resistance Jan 17

*RES 3: 122-20 Low Jan 12 now resistance

*RES 2: 122-05+ Hourly resistance Feb 6a

*RES 1: 121-23 Hourly resistance Feb 6

*PRICE: 121-19 @ 0930GMT

*SUP 1: 121-05+ Low Feb 6

*SUP 2: 120-18 2018 Low Feb 5

*SUP 3: 119-24 Low Apr 21 2011

*SUP 4: 118-24 Low Apr 13 2011

*COMMENTARY: Bulls have failed to capitalise on the bullish key day reversal

with the contract rejected ahead of key 122-20 resistance and remaining heavy.

The break back below 121-10+ reconfirms initial focus to 2018 lows and then

below 120-18 to target the 117-29/119-24 support region where levels last seen

in 2011 are noted. Bulls still need a close above 122-20 to shift initial focus

to 123-05+/20 where the 55-DMA is noted.

US 30-YR FUTURE TECHS: (H18) 21-DMA Remains Key Resistance

*RES 4: 149-22 High Jan 23

*RES 3: 148-16 21-DMA

*RES 2: 148-11 High Jan 30

*RES 1: 147-23 High Feb 6

*PRICE: 146-10 @ 0930GMT

*SUP 1: 145-15 Low Feb 6

*SUP 2: 145-06 Bollinger band base

*SUP 3: 144-12 Hourly support Feb 5

*SUP 4: 144-03 2018 Low Feb 5

*COMMENTARY: Bulls have failed to capitalise on the bullish key day reversal

with the contract rejected ahead of the 21-DMA (148-16). The 145-15 support is

now key with bears needing a close below to return initial focus to tests of

2018 lows. The 21-DMA remains key resistance. Bulls need a close above the

21-DMA to end bearish hopes and shift focus to 151-01-28 where 55 & 100-DMAs are

situated.

EURODOLLAR FUTURE TECHS: (H18) 98.145 Resistance Key

*RES 4: 98.184 Daily Bear channel top

*RES 3: 98.160 Highs Jan 22-24

*RES 2: 98.145 High Feb 6

*RES 1: 98.140 21-DMA

*PRICE: 98.115 @ 0930GMT

*SUP 1: 98.105 Low Feb 6

*SUP 2: 98.100 2018 Low Feb 2 & 5

*SUP 3: 98.094 Bollinger band base

*SUP 4: 98.090 Daily bear channel base

*COMMENTARY: The aggressive bounce from 2018 lows remained capped at the 21-DMA

which provides bears comfort and maintains immediate focus on tests of the bear

channel base. O/S daily studies looking to correct remain a concern for bears.

Bulls now need a close above 98.145 to confirm an easing of bearish pressure and

above 98.160 to shift focus to 98.184-199 where the bear channel top and 55-DMA

are noted.

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

[TOPICS: MTABLE]