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Free AccessMNI 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]
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.