MNI US Morning FI Technical Analysis

11 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) Bull Channel Base Confirms Significance

*RES 4: 114-07+ Daily Bull channel top

*RES 3: 113-29+ High May 31

*RES 2: 113-26 High July 6

*RES 1: 113-21+ High July 9

*PRICE: 113-18+ @ 0930GMT

*SUP 1: 113-17 Hourly resistance July 10 now support

*SUP 2: 113-12+ Low June 26, Daily Bull channel base off May low

*SUP 3: 113-08+ 55-DMA

*SUP 4: 113-05 Low June 21

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

traction on the break of 113-25+ resulted in a dip back towards the daily bull

channel base. Bears look for a close below the channel base to ease bullish

pressure and below 113-05 to confirm traction below the 55-DMA and initially

target 112-25+/29. Above 113-21+ highs from Monday is needed to return initial

focus to 113-26/29+.

     US 10-YR FUTURE TECHS: (U18) Bulls Need Close Above 120-20

*RES 4: 120-24  Hourly resistance May 30a

*RES 3: 120-20  High July 6

*RES 2: 120-19+ Bollinger band top

*RES 1: 120-13  Hourly resistance June 12

*PRICE: 120-09+ @ 0930GMT

*SUP 1: 120-07  Hourly resistance July 9 now support

*SUP 2: 119-30  Low July 3

*SUP 3: 119-26+ Low June 26

*SUP 4: 119-22+ 100-DMA

*COMMENTARY: Bulls took comfort in the gapping move higher in Asia that saw

bulls gain breathing room and pressure the 120-13/20 resistance region. Bulls

need a close above 120-20 to confirm focus on the key 121-03/12 region. Bears

now look for a close below 120-07 to gain breathing room and 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.

     US 30-YR FUTURE TECHS: (U18) Below 144-16 To Ease Bullish Pressure

*RES 4: 147-03 Monthly High Apr (Cont)

*RES 3: 146-15 Weekly Bear channel top off Sept high

*RES 2: 146-11 High July 6

*RES 1: 145-28 High July 9

*PRICE: 145-18 @ 0930GMT

*SUP 1: 145-12 Alternating daily support/resistance

*SUP 2: 144-27 Low July 5

*SUP 3: 144-17 21-DMA

*SUP 4: 144-16 Low July 3

*COMMENTARY: The gapping move above 145-12 buys bulls breathing room with a

close above 145-28 still needed to shift initial focus to 146-11/15 where the

weekly bear channel top off Sept highs is noted. Bulls need a close above 147-03

to confirm a break of the bear channel top and initially target a daily bull

channel top around 147-11. A close below 144-16 is needed to confirm an easing

of bullish pressure.

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

*RES 4: 97.680 Weekly high Mar 23

*RES 3: 97.640 Monthly high May 30

*RES 2: 97.595 High May 31

*RES 1: 97.560 Repeated Daily highs June, 100-DMA

*PRICE: 97.540 @ 0930GMT

*SUP 1: 97.530 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

continuing to support, and having supported the past couple of weeks. Bears need

a close below 97.520 to confirm breaks of 21 (97.537) & 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]