MNI US Morning FI Technical Analysis

12 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) 113-12+ Support Now Key

*RES 4: 114-08  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: 113-15+ @ 0930GMT

*SUP 1: 113-13+ Daily Bull channel base off May low

*SUP 2: 113-12+ Low June 26,

*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 113-12+ 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: 120-04 @ 0930GMT

*SUP 1: 119-30  Low July 3

*SUP 2: 119-26+ Low June 26

*SUP 3: 119-23+ 100-DMA

*SUP 4: 119-16+ 55-DMA

*COMMENTARY: Topside follow through has been lacking so far this week and

weighing. Layers of support 119-13+/119-26+ remain key. Bears need a close below

119-26+ to confirm a break of the 21-DMA (119-30+) and below the 100-DMA to

pressure 119-13+/16+ where the 55-DMA is found. Bulls continue to look for a

close above 120-13 to gain breathing room and above 120-20 to confirm focus on

the key 121-03/12 region.

     US 30-YR FUTURE TECHS: (U18) Apr Monthly High Key Resistance

*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: 145-07 @ 0930GMT

*SUP 1: 144-27 Low July 5

*SUP 2: 144-20 21-DMA

*SUP 3: 144-16 Low July 3

*SUP 4: 143-30 Low June 2

*COMMENTARY: The failure ahead of the 145-28/147-03 resistance region is less

than ideal for bulls. Bulls continue to look for a close above 147-03 to confirm

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

around 147-16. The 144-16 support remains key. Bears need a close below this

level to confirm a break of the 21-DMA and below 143-30 to pressure 143-01/10

where 55 & 100-DMAs are noted.

     US EURODOLLAR FUTURE TECHS: (U18) 97.560 Resistance Now Key

*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

*PRICE: 97.535 @ 0930GMT

*SUP 1: 97.531 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 (97.559) 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 (97.539) & 55-DMAs, easing bullish

with a close below 97.500 then required to pressure the key 97.475 support.

Above 97.560 ends bearish hopes and shifts initial focus to 97.595 and overall

focus to 97.640.

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

[TOPICS: MTABLE]