MNI US Morning FI Technical Analysis

26 December 2017

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) 116-04/06+ Resistance Region Key

*RES 4: 116-10 21-DMA

*RES 3: 116-06+ Low Dec 18 now resistance

*RES 2: 116-04 High Dec 20

*RES 1: 115-30+ High Dec 22

*PRICE: 115-29+ @ 1030GMT

*SUP 1: 115-27+ Low Dec 22

*SUP 2: 115-26+ Bollinger band base

*SUP 3: 115-25 Weekly Bollinger band base

*SUP 4: 114-09+ Weekly Bear channel base

*COMMENTARY: The contract remains heavy with bears maintaining focus on the

weekly bear channel base coming in around 114-09+ today. O/S daily studies and

Bollinger bases are key concerns for bears with potential to limit follow

through. The 116-04/06+ resistance region remains key. Bulls need a close above

this region to ease bearish pressure and shift focus to layers of resistance

116-13+/22+ where the bear channel top and 55-DMA are noted.

US 10-YR FUTURE TECHS: (H18) Bears Focused On 122-20+/123-07+

*RES 4: 124-05 Hourly support Dec 13 now resistance

*RES 3: 123-29+ Low Dec 13 now resistance

*RES 2: 123-27 Lows Oct 25 & 27 now resistance

*RES 1: 123-21 Hourly resistance Dec 20

*PRICE: 123-14+ @ 1030GMT

*SUP 1: 123-07+ High Mar 13 now support

*SUP 2: 123-02+ Daily Bear channel base

*SUP 3: 122-20+ Monthly Low Mar 14

*SUP 4: 122-14+ 2016 Low Dec 15 2016

*COMMENTARY: Repeated topside failures ahead of the key 124-16+/23+ resistance

region where the bear channel top and 55-DMA are located resulted in a break of

key supports and bears focused on 122-20+/123-07+ where monthly lows and the

bear channel base are noted. The Bollinger base (123-10+) is a concern for bears

with potential to limit follow through. Bulls still need a close above 123-29+

to ease bearish pressure.

US 30-YR FUTURE TECHS: (H18) Above 55-DMA To Shift Focus Higher

*RES 4: 153-08 Low Dec 18 now resistance

*RES 3: 152-08 55-DMA

*RES 2: 151-28 High Dec 20

*RES 1: 151-08 Highs Dec 21 & 22

*PRICE: 150-29 @ 1030GMT

*SUP 1: 150-16 Bollinger band base

*SUP 2: 150-14 Lows Dec 21 & 22

*SUP 3: 149-07 Monthly Low Oct 27

*SUP 4: 148-03 Weekly Bear channel base

*COMMENTARY: Bears take comfort in the 151-08 level capping and look for a close

below 150-14 to add weight to the case for a move targeting the bear channel

base around 148-03. Daily studies approaching O/S are less than ideal. In saying

that, bulls need a close above 151-08 to ease bearish pressure and above the

55-DMA to shift focus back to 153-02/154-18.

US EURODOLLAR FUTURE TECHS: (H18) Bulls Need Close Above 21-DMA

*RES 4: 98.260 Daily Bear channel top

*RES 3: 98.255 High Dec 6

*RES 2: 98.238 21-DMA

*RES 1: 98.230 Highs Dec 21 & 22

*PRICE: 98.205 @ 1030GMT

*SUP 1: 98.200 Monthly Low Mar 15

*SUP 2: 98.191 Bollinger band base

*SUP 3: 98.189 Daily Bear channel base

*SUP 4: 98.147 Weekly Bollinger band base

*COMMENTARY: Immediate bearish focus remains on the 98.189-200 region where Mar

lows and the daily bear channel base are situated. Daily and weekly Bollinger

bases remain key concerns for bears with potential to limit follow through,

Layers of resistance remain with bulls needing a close above the 21-DMA to ease

bearish pressure and above the 55-DMA (98.295) to shift focus higher.

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

[TOPICS: MTABLE]