MNI US Morning FI Technical Analysis

20 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 Still 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: 113-20+ Hourly resistance July 19

*PRICE: 113-18 @ 0930GMT

*SUP 1: 113-17  Hourly support July 19

*SUP 2: 113-10+ 55-DMA

*SUP 3: 113-05  Low June 21

*SUP 4: 112-29  Monthly Low June 13

*COMMENTARY: The 55-DMA confirmed significance with the contract bouncing

aggressively to test the 113-21+ resistance. Bulls continue to look for a close

above this level to shift initial focus to 113-26/29+. Although topside

hesitation is a concern for bulls, a close below 113-17 is now needed to see

bears gain breathing room. Bears need a close below the 55-DMA to hint at a move

back to 112-25+/29 with below 113-05 to confirm.

     US 10-YR FUTURE TECHS: (U18) Narrowed Bollis Hint At Breakout

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

*RES 3: 120-20  High July 6

*RES 2: 120-16+ Bollinger band top

*RES 1: 120-13+ High July 19

*PRICE: 120-08 @ 0930GMT

*SUP 1: 120-07  Hourly resistance July 19 now support

*SUP 2: 120-05+ 21-DMA

*SUP 3: 119-27+ Bollinger band

*SUP 4: 119-26+ Low June 26

*COMMENTARY: The 119-26+ support confirmed significance with an aggressive

bounce that saw focus return to 120-20. Bulls continue to look for a close above

120-20 to confirm focus on the key 121-03/12 region. Support layers building add

to bullish confidence. Bears now look for a close below the 21-DMA to ease

bullish pressure and below 119-26+ to confirm traction below the 21-DMA and

initially pressure 119-13+/20+ where the 55-DMA is found.

     US 30-YR FUTURE TECHS: (U18) Layers Of Resistance 145-28/147-03 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: 145-18 High July 19

*PRICE: 145-05 @ 0930GMT

*SUP 1: 144-12 Low July 19

*SUP 2: 143-30 Low June 2

*SUP 3: 143-17 55-DMA

*SUP 4: 143-01 Low June 21

*COMMENTARY: Failure to gain traction on the marginal break of 144-16 resulted

in a bounce that sees focus back on layers of resistance 145-28/147-03 where the

weekly bear channel top and Apr highs are noted. Bulls need a close above 146-11

to end the current correction and reconfirm a bullish bias. Above 147-03 targets

149-22/00. Bears need a close below 144-12 to shift focus back to 143-01/17

where 55 & 100 (143-16) DMAs are situated.

     US EURODOLLAR FUTURE TECHS: (U18) Key Support Reconfirms Significance

*RES 4: 97.595 High May 31

*RES 3: 97.560 Repeated Daily highs June

*RES 2: 97.554 100-DMA

*RES 1: 97.542 Bollinger band top

*PRICE: 97.540 @ 0930GMT

*SUP 1: 97.532 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: The dip below the 55-DMA (97.535) lacked follow through with

support emerging ahead of the key 97.520 support. Bears need a close below

97.520 to confirm breaks of 21 (97.542) & 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]