MNI US Morning FI Technical Analysis

2 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: (M18) 21-DMA Now Supporting

*RES 4: 115-12+ Monthly High Feb 6

*RES 3: 115-00  High Feb 14

*RES 2: 114-27  High Feb 9

*RES 1: 114-15+ High Feb 14

*PRICE: 114-08+ @ 1030GMT

*SUP 1: 114-05+ 21-DMA

*SUP 2: 113-31  High Feb 28 now support

*SUP 3: 113-21  2018 Low Feb 15

*SUP 4: 113-06  Weekly Bear channel base

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

21-DMA is a concern for bears as sees M18 looking to gain traction above the

21-DMA. Bulls now look for a close above 114-15+ as confirmation with immediate

focus then shifting to 114-27/00 where the 55-DMA is situated. Bears now need a

close below 113-31 to retain focus on 113-06/21 where the weekly bear channel

base and Feb low are noted.

US 10-YR FUTURE TECHS: (M18) 121-01+ Resistance Now Key

*RES 4: 122-02  Monthly High Feb 6

*RES 3: 121-26+ 55-DMA

*RES 2: 121-01+ High Feb 7

*RES 1: 120-28+ Daily Bear channel top (off Jan 2 high)

*PRICE: 120-18 @ 1030GMT

*SUP 1: 120-14  High Feb 26 now support

*SUP 2: 120-07+ 21-DMA

*SUP 3: 120-00  Alternating hourly support/resistance

*SUP 4: 119-21  Repeated Daily lows Feb

*COMMENTARY: Bulls take comfort as M18 gains traction above the 21-DMA with

immediate focus on 120-28+/121-01+ where the bear channel top is noted. Bulls

need a close above 121-01+ to shift initial focus to 121-26+/122-02 where the

55-DMA is located. Support layers emerging adds to bullish confidence with bears

now needing a close below the 21-DMA to gain breathing room and below 120-00 to

pressure 119-14 Feb lows.

US 30-YR FUTURE TECHS: (M18) Bears Need Close Below 143-06 Today

*RES 4: 147-14 55-DMA

*RES 3: 147-07 Low Jan 24 now resistance

*RES 2: 146-25 Monthly High Feb 1

*RES 1: 145-08 High Feb 7

*PRICE: 144-09 @ 1030GMT

*SUP 1: 143-15 21-DMA

*SUP 2: 143-06 Low Mar 1

*SUP 3: 142-04 Low Feb 27

*SUP 4: 141-14 2018 Low Feb 21

*COMMENTARY: Thursday's rally resulted in a close above the bear channel top

(144-02) and the 21-DMA with immediate focus on the break of 145-08 needed to

initially target 146-25/147-14 where the 55-DMA is located. The 21-DMA is

initial support but bears now need a close below 143-06 to signal a false break

and return initial focus to 141-14/142-04.

US EURODOLLAR TECHS: (M18) Bulls Need Close Above 97.820

*RES 4: 97.887 Daily Bear channel top off Sept highs

*RES 3: 97.870 High Feb 13

*RES 2: 97.820 Low Feb 9 now resistance

*RES 1: 97.810 21-DMA

*PRICE: 97.800 @ 1030GMT

*SUP 1: 97.775 High Feb 23 now support

*SUP 2: 97.735 High Feb 27 now support

*SUP 3: 97.700 2018 Low Feb 27

*SUP 4: 97.672 Daily Bear channel base

*COMMENTARY: O/S daily studies are impacting with an aggressive bounce Thursday

following recent 2018 & 8 year lows with bulls now needing a close above 97.820

to confirm a break of the 21-DMA and challenge 97.870-887 where the daily bear

channel top off Sept highs is situated. Initial support is noted at 97.775 with

bears needing a close below to ease pressure on the 21-DMA and retain focus on

97.672-700.

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

[TOPICS: MTABLE]