MNI US Morning FI Technical Analysis

10 July 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: (U18) Bulls Need Close Above 113-21+

*RES 4: 113-26  High July 6

*RES 3: 113-21+ High July 9

*RES 2: 113-19  Hourly support July 6 now resistance

*RES 1: 113-18  100-DMA, Hourly resistance July 9

*PRICE: 113-15 @ 0930GMT

*SUP 1: 113-14  21-DMA

*SUP 2: 113-12+ Low June 26

*SUP 3: 113-12  Daily Bull channel base off May low

*SUP 4: 113-08+ 55-DMA

*COMMENTARY: The lack of topside follow through Friday and failure to gain

traction on the break of 113-25+ leaves the contract looking offered. Bears look

for a close below the bull channel base to ease bullish pressure and below

113-05 to confirm traction below the 55-DMA and initially target 112-25+/29.

Bulls now need a close above 113-21+ highs from Monday to return focus to

113-26/29+.

     US 10-YR FUTURE TECHS: (U18) 120-07 Resistance Key Today

*RES 4: 120-20  High July 6

*RES 3: 120-18+ Bollinger band top

*RES 2: 120-13  Hourly resistance June 12

*RES 1: 120-07  Hourly resistance July 9

*PRICE: 120-01 @ 0930GMT

*SUP 1: 119-30  Low July 3

*SUP 2: 119-26+ Low June 26

*SUP 3: 119-22+ 100-DMA

*SUP 4: 119-14+ 55-DMA

*COMMENTARY: The lack of follow through on last week's break of 120-16 has left

the contract looking offered with focus now on the 100-DMA. Bears now look for a

close below to 100-DMA to shift immediate focus to 119-13+/14+ where the 55-DMA

is noted and below 118-29+ to target 2018 lows. Bulls now need a close above

120-07 to gain breathing room and above 120-20 to confirm focus on the key

121-03/12 region.

     US 30-YR FUTURE TECHS: (U18) Bulls Need Close Above 145-12

*RES 4: 146-15 Weekly Bear channel top off Sept high

*RES 3: 146-11 High July 6

*RES 2: 145-28 High July 9

*RES 1: 145-12 Low July 6 now resistance

*PRICE: 145-00 @ 0930GMT

*SUP 1: 144-16 Low July 3

*SUP 2: 144-12 21-DMA

*SUP 3: 143-30 Low June 26

*SUP 4: 143-07 100-DMA

*COMMENTARY: The contract remains offered having stalled ahead of the bear

channel top off Sept highs coming in around 146-15 today. The contract is

trading below the bull channel base (145-03) off May lows with bears now focused

on the 143-30/144-16 support region. A close below 143-30 is needed to target 55

(143-01) & 100-DMAs. Bulls look for a close above 145-12 to gain breathing room

and above 145-28 to return focus to 146-11/15.

     US EURODOLLAR FUTURE TECHS: (U18) 97.520 & 100-DMA Key Levels

*RES 4: 97.640 Monthly high May 30

*RES 3: 97.595 High May 31

*RES 2: 97.561 100-DMA

*RES 1: 97.560 Repeated Daily highs June

*PRICE: 97.545 @ 0930GMT

*SUP 1: 97.529 55-DMA

*SUP 2: 97.520 Repeated Daily lows June

*SUP 3: 97.500 Low June 14

*SUP 4: 97.475 2018 Low Apr 25, May 8 & June 13

*COMMENTARY: Hesitation ahead of the 100-DMA continues with the 55-DMA having

supported the past couple of weeks. Bears need a close below 97.520 to confirm

breaks of 21 (97.536) & 55-DMAs, easing bullish with a close below 97.500 then

required to pressure the key 97.475 support. Above the 100-DMA ends bearish

hopes and shifts initial focus to 97.560 and overall focus to 97.640.

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

[TOPICS: MTABLE]