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MNI US Morning FI Technical Analysis 

29 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) 21-DMA Resistance Remains Key
*RES 4: 116-13+ High Dec 15
*RES 3: 116-07+ 21-DMA
*RES 2: 116-06+ Low Dec 18 now resistance
*RES 1: 116-05 High Dec 27
*PRICE: 116-03+ @ 1030GMT
*SUP 1: 116-00+ Low Dec 28
*SUP 2: 115-31 High Dec 26 now support
*SUP 3: 115-28+ Hourly resistance Dec 26 now support
*SUP 4: 115-27 Low Dec 26
*COMMENTARY: Fresh 7yr lows Tuesday lacked follow through with the aggressive
rally and bullish close Wednesday that sees focus back on 116-06+/08. Bulls need
a close above the 21-DMA to shift immediate focus to 116-13+ and overall focus
to 116-17+/22+. Bears look for a close below 115-31 to signal a false break
higher and below 115-27 to target the weekly bear channel base (115-12+).
US 10-YR FUTURE TECHS: (H18) Bears Need Close Below 123-21+
*RES 4: 124-23  High Dec 6
*RES 3: 124-18+ Daily Bear channel top
*RES 2: 124-14+ 55-DMA
*RES 1: 124-02+ 21-DMA
*PRICE: 123-29 @ 1030GMT
*SUP 1: 123-21+ High Dec 27 now support
*SUP 2: 123-12+ Low Dec 21
*SUP 3: 123-07+ High Mar 13 now support
*SUP 4: 123-00+ Daily Bear channel base
*COMMENTARY: Bulls took comfort in the bounce Wednesday that saw bearish
pressure eased and focus return to layers of resistance 124-02+/23 where 21 &
55-DMAs and the bear channel top are situated. Bulls need a close above 124-23
to hint at a move back to 125-25+. The 123-21+ support remains key. Bears need a
close below this level to reconfirm dominance and return pressure to 123-00+/12+
where the bear channel base is noted.
US 30-YR FUTURE TECHS: (H18) Focus Back On Dec Highs
*RES 4: 154-18 High Dec 6
*RES 3: 153-31 Daily Bear Channel top (Off Sept high)
*RES 2: 153-22 Low Dec 15 now resistance
*RES 1: 153-04 High Dec 27
*PRICE: 152-26 @ 1030GMT
*SUP 1: 152-10 55-DMA
*SUP 2: 151-28 High Dec 20 now support
*SUP 3: 151-08 Highs Dec 21 & 22 now support
*SUP 4: 150-14 Lows Dec 21 & 22
*COMMENTARY: Correcting O/S daily studies provided the impetus for the
correction from Dec lows so far with closes above key DMAs seeing bulls back in
charge and focus on 153-31/154-18 where Dec highs and the bear channel top are
situated. Daily studies are well placed for gains, correcting from modestly O/S.
Bears now need a close below 151-28 to shift initial focus back to 150-14.
US EURODOLLAR TECHS: (H18) Flirting With 21-DMA
*RES 4: 98.288 55-DMA
*RES 3: 98.280 High Dec 1
*RES 2: 98.255 High Dec 6
*RES 1: 98.252 Daily Bear channel top
*PRICE: 98.235 @ 1030GMT
*SUP 1: 98.230 Low Dec 28
*SUP 2: 98.215 Repeated Daily highs now support
*SUP 3: 98.205 2017 Lows Dec
*SUP 4: 98.200 Monthly Low Mar 15
*COMMENTARY: The correction higher Wednesday sees the contract flirting with the
21-DMA (98.232) with a close above needed to confirm an easing of bearish
pressure and to target the 55-DMA. Daily studies are well placed for further
gains. Bears still need a close below 98.215 to reconfirm focus on 98.181-205
where the bear channel base and 2017 lows are noted.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]
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