MNI US Morning FI Technical Analysis

19 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) Pressuring 55-DMA

*RES 4: 113-21+ High July 9

*RES 3: 113-17+ High July 17

*RES 2: 113-17  21-DMA, 100-DMA

*RES 1: 113-13+ Hourly resistance July 18

*PRICE: 113-11+ @ 0930GMT

*SUP 1: 113-10 55-DMA

*SUP 2: 113-05  Low June 21

*SUP 3: 112-29  Monthly Low June 13

*SUP 4: 112-25+ High May 18 now support

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

the bull channel base (113-17+) off May lows with immediate pressure on the

55-DMA. Bears now look for a close below the 55-DMA to hint at a move back to

112-25+/29 with below 113-05 to confirm. Bulls now need a close above 113-13+ to

gain breathing room and above 113-17+ to shift initial focus back to 113-21+/26.

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

*RES 4: 120-20  High July 6

*RES 3: 120-13  Hourly resistance July 12

*RES 2: 120-08  High July 17

*RES 1: 120-03+ 21-DMA

*PRICE: 119-30+ @ 0930GMT

*SUP 1: 119-26+ Low June 26

*SUP 2: 119-23+ Bollinger band base

*SUP 3: 119-26+ Low June 26

*SUP 4: 119-19+ 55-DMA

*COMMENTARY: Hesitation ahead of 120-08/13 continues and sees pressure back on

the 119-26+ support. Bears need a close below 119-26+ to confirm traction below

the 21-DMA and initially pressure 119-13+/19+ where the 55-DMA is found. The

120-08/20 resistance region is now key. Bulls now look for a close above 120-08

to gain breathing room and above 120-20 to confirm focus on the key 121-03/12

region.

     US 30-YR FUTURE TECHS: (U18) Bears Need Close Below 144-16

*RES 4: 145-28 High July 9

*RES 3: 145-12 High July 17

*RES 2: 145-00 21-DMA

*RES 1: 144-20 Hourly resistance July 19

*PRICE: 144-17 @ 0930GMT

*SUP 1: 143-30 Low June 2

*SUP 2: 143-15 55-DMA, 100-DMA

*SUP 3: 143-01 Low June 21

*SUP 4: 142-01 Monthly low June 7

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

than ideal for bulls and sees U18 flirting with the 144-16 support. Bears need a

close below this level to confirm traction below the 21-DMA and below 143-30 to

pressure 143-01/15 where 55 & 100-DMAs are noted. Bulls now look for a close

above 145-12 to gain breathing room and above 147-03 to confirm a break of the

bear channel top and initially target the 149-22/00 region.

     US EURODOLLAR FUTURE TECHS: (U18) Focus On Key Support

*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: 97.530 @ 0930GMT

*SUP 1: 97.529 Bollinger band base

*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 (97.555) has resulted in a break of

the 55-DMA (97.534) with immediate focus now on the key 97.520 support. 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]