MNI US Morning FI Technical Analysis

9 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 21-DMA

*RES 4: 115-00 21-DMA

*RES 3: 114-31+ Hourly resistance Feb 6

*RES 2: 114-28+ High Feb 7

*RES 1: 114-24+ High Feb 8

*PRICE: 114-18+ @ 0930GMT

*SUP 1: 114-11+ Low Feb 7

*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 the 21-DMA 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 (116-10+). Bears remain focused on

the bear channel base while the 21-DMA caps.

US 10-YR FUTURE TECHS: (H18) 121-23/122-20 Resistance Region Key

*RES 4: 122-20 Low Jan 12 now resistance

*RES 3: 122-05+ Hourly resistance Feb 6a

*RES 2: 121-23 Hourly resistance Feb 6

*RES 1: 121-09 Hourly resistance Feb 7

*PRICE: 120-28 @ 0930GMT

*SUP 1: 120-17 2018 Low Feb 8

*SUP 2: 120-15+ Bollinger band base

*SUP 3: 119-24 Low Apr 21 2011

*SUP 4: 118-24 Low Apr 13 2011

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

contract rejected ahead of 122-20 and remaining heavy. The break below 121-10+

reconfirmed initial focus to 2018 lows and then below 120-17 to target the

117-29/119-24 support region where levels last seen in 2011 are noted. Bulls

need a close above 121-23+ to gain breathing room and above 122-20 to shift

initial focus to 123-05+/20 where the 55-DMA (123-07+) is noted.

US 30-YR FUTURE TECHS: (H18) Bears Focused On 140-08/142-11

*RES 4: 147-27 21-DMA

*RES 3: 147-20 Daily Bear channel top

*RES 2: 146-12 High Feb 6

*RES 1: 144-31 High Feb 7

*PRICE: 143-26 @ 0930GMT

*SUP 1: 143-20 2018 Low Feb 8

*SUP 2: 143-08 Daily Bear channel base

*SUP 3: 142-11 Weekly Low Dec 2014

*SUP 4: 140-08 Weekly Low Nov 2014

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

with the contract rejected ahead of the 21-DMA and bears currently focused on

the 140-08/142-11 support region where weekly lows in 2014 are located. Layers

of resistance accumulating adds weight to the bearish case. Bulls now need a

close above 144-31 to ease bearish pressure and above 146-12 to shift focus back

to layers of resistance 147-20/148-11.

US EURODOLLAR TECHS: (H18) Bears Focused On 97.820

*RES 4: 98.160 Highs Jan 22-24

*RES 3: 98.145 High Feb 6

*RES 2: 98.126 21-DMA

*RES 1: 98.100 Lows Feb 2 & 5 now resistance

*PRICE: 98.045 @ 0930GMT

*SUP 1: 98.045 2018 Low Feb 8

*SUP 2: 97.820 Weekly Low Nov 2008

*SUP 3: 97.580 Weekly Low Nov 2008

*SUP 4: 97.480 Weekly High Oct 2008 now support

*COMMENTARY: The contract remains heavy with bears now focused on the 97.820

support last seen in 2008 with a close below to confirm focus on tests of the

97.480-580 support region. Bulls now look for a close above 98.100 to ease

bearish pressure and above 98.160 to shift focus back to 98.179-190 where an

bear channel top and 55-DMA are located.

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

[TOPICS: MTABLE]