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Free AccessMNI 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]
To read the full story
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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.