MNI US Morning FI Technical Analysis

1 March 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) 114-17*/24+ Resistance Region Key

*RES 4: 115-30+ High Feb 9

*RES 3: 114-24+ High Feb 14

*RES 2: 114-17+ High Feb 26

*RES 1: 114-14+ 21-DMA

*PRICE: 114-10+ @ 1100GMT

*SUP 1: 114-09+ Alternating hourly support/resistance

*SUP 2: 113-31+ 2018 Low Feb 15

*SUP 3: 113-22  Weekly Bear channel base+

*SUP 4: 112-12+ Monthly Low June 2009

*COMMENTARY: Failure to take out 2018 lows on the aggressive correction from the

21-DMA is a concern for bears. In saying that, bulls need a close above 114-17+

to confirm a break of the 21-DMA and ease bearish pressure. Above 114-24+ is

needed to shift initial focus to 115-03+/08+ where the 55-DMA is noted. Bears

now need a close below 2018 lows to confirm focus on 112-12+ last seen in June

2009.

US 10-YR FUTURE TECHS: (H18) Bulls Need Close Above Bear Channel Top

*RES 4: 122-12+ 55-DMA

*RES 3: 121-19+ Daily Bear channel top (off Dec 29 High)

*RES 2: 121-08  Hourly support Feb 9 now resistance

*RES 1: 121-00+ High Feb 26

*PRICE: 120-27+ @ 1110GMT

*SUP 1: 120-23  Hourly resistance Mar 1 now support

*SUP 2: 120-08  Lows Feb 23 & 27

*SUP 3: 120-01  2018 Low Feb 15

*SUP 4: 119-24  Low Apr 21 2011

*COMMENTARY: The lack of follow through last Thursday left a double daily bottom

120-01/02 with the recovery capped by the 21-DMA. Bulls need a close above

121-08 to gain breathing room and above the bear channel top to hint at a

correction to 122-10+/20. Failure to trouble 2018 lows so far is less than ideal

for bears with a close below needed to initially test the bear channel base and

hint at a move targeting 117-29/118-24.

US 30-YR FUTURE TECHS: (H18) Above 145-09 To Target 147-23/148-18

*RES 4: 147-23 High Feb 6

*RES 3: 146-12 High Feb 7

*RES 2: 145-09 High Feb 14

*RES 1: 145-03 Daily Bear channel top

*PRICE: 144-26 @ 1125GMT

*SUP 1: 144-19 21-DMA

*SUP 2: 143-06 Low Feb 27

*SUP 3: 142-14 2018 Low Feb 21

*SUP 4: 140-17 Daily Bear channel base

*COMMENTARY: Bulls take comfort as the contract looks to gain traction above the

21-DMA with the 145-09 resistance remaining key. Bulls need a close above 145-09

to confirm breaks of the 21-DMA and bear channel top and shift focus back to

147-23/148-18 where the 55-DMA (148-18) is situated. Bears will need a close

back below the 21-DMA today to retain initial focus on 142-14/143-06.

US EURODOLLAR TECHS: (H18) Bulls Need Close Above 97.942

*RES 4: 98.045 Low Feb 8 now resistance

*RES 3: 98.005 Low Feb 12 now resistance

*RES 2: 97.998 21-DMA

*RES 1: 97.942 High Feb 21

*PRICE: 97.895 @ 1135GMT

*SUP 1: 97.860 2018 Low Feb 28

*SUP 2: 97.580 Monthly Low Nov 2008

*SUP 3: 97.480 Weekly High Oct 2008 now support

*SUP 4: 96.900 Weekly Low Oct 2008

*COMMENTARY: The lack of follow through on 2018 lows Wednesday produced a

marginal bullish key day reversal and combined with daily momentum divergence

and O/S studies hints at a correction. In saying that, bulls still need a close

above 97.942 to confirm a shift in immediate focus to 97.998-98.005 where the

21-DMA is located. Bears now need a close below 2018 lows to reconfirm a bearish

bias and initially target 97.480-580 where Nov 2008 monthly lows are located.

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

[TOPICS: MTABLE]