MNI US Morning FI Technical Analysis

18 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: 113-29+ High May 31

*RES 3: 113-26  High July 6

*RES 2: 113-21+ High July 9

*RES 1: 113-17+ High July 17, 100-DMA

*PRICE: 113-15 @ 0930GMT

*SUP 1: 113-12+ Low June 26,

*SUP 2: 113-09+ 55-DMA

*SUP 3: 113-05  Low June 21

*SUP 4: 112-29  Monthly Low June 13

*COMMENTARY: Topside hesitation ahead at 113-21+ has resulted in a close below

the bull channel base (113-16+) off May lows with immediate pressure on the

113-12+ support. Bears continue to look for a close below 113-12+ to confirm

traction below the daily bull channel base, and below 113-05 to confirm a break

of the 55-DMA and initially target 112-25+/29. Bulls need a close above 113-21+

to return immediate focus to 113-26/29+.

     US 10-YR FUTURE TECHS: (U18) Bears Need Close Below 119-26+

*RES 4: 120-20  High July 6

*RES 3: 120-15+ Bollinger band top

*RES 2: 120-13  Hourly resistance July 12

*RES 1: 120-08  High July 17

*PRICE: 120-03+ @ 0930GMT

*SUP 1: 120-00  Lows July 10 & 16

*SUP 2: 119-30  Low July 3

*SUP 3: 119-26+ Low June 26

*SUP 4: 119-18+ 55-DMA

*COMMENTARY: Hesitation ahead of 120-13 continues and sees pressure back on

layers of support 119-26+/00. Bears need a close below 119-26+ to confirm

traction below the 21-DMA and initially pressure 119-13+/18+ where the 55-DMA is

found. The 120-13/20 resistance region remains key. 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) 144-16 Support Remains Key

*RES 4: 146-11 High July 6

*RES 3: 146-06 Weekly Bear channel top off Sept high

*RES 2: 145-28 High July 9

*RES 1: 145-12 High July 17

*PRICE: 145-03 @ 0930GMT

*SUP 1: 144-30 21-DMA

*SUP 2: 144-16 Low July 3

*SUP 3: 143-30 Low June 2

*SUP 4: 143-14 55-DMA

*COMMENTARY: Hesitation 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 the 149-22/00 region. 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 143-01/15 where 55 & 100-DMAs

are noted.

     US EURODOLLAR FUTURE TECHS: (U18) 97.560 Resistance 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: 97.533 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 (97.556) continues with the 55-DMA

supporting and having supported the past couple of weeks. Bears need a close

below 97.520 to confirm breaks of 21 (97.541) & 55-DMAs, easing bullish

pressure, 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]