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USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

By Les Castell
     Click below for today's MNI US Morning FI Technical Analysis Report -
http://tinyurl.com/h8pyhnq
US 5YR FUTURE TECHS: (U17) Key 118-140/118-145 Resistance Broken Briefly
*RES 4: 119-012 Median line drawn off Mar & May lows
*RES 3: 118-247 Jun 14 high
*RES 2: 118-197 Jun 6 high
*RES 1: 118-157 Aug 9 high
*PRICE: 118-115 @1113GMT
*SUP 1: 118-090 Aug 7 high, now support
*SUP 2: 118-055/065 Hourly support
*SUP 3: 118-035 Aug 4 low
*SUP 4: 118-010 Aug 1 low
*COMMENTARY* Wednesday saw a spike above key 118-140/118-145 resistance. A peak
of 118-157 seen before once again slipping back into a more familiar range. This
action has seen the appearance of a potentially bearish 'shooting star' candle
close on the daily chart. A failure to increase gains through 118-157 will
concern. Support comes from 118-090 and then of more consequence from 118-065
and especially 118-035. Clearance of 118-157 and look to 118-197/118-247.
     
US 10YR FUTURE TECHS: (U17) Rally Supported By 11 Day Rising Support Line
*RES 4: 127-080 Jun 26 high
*RES 3: 126-290 Jun 26 high
*RES 2: 126-215 76.4% Fibo of 127-080/124-255
*RES 1: 126-185 Aug 9 high
*PRICE: 126-120 @1121GMT
*SUP 1: 125-320 11 day rising support line
*SUP 2: 125-290 Aug 4 low
*SUP 3: 125-215 Aug 1 low
*SUP 4: 125-155 Jul 25 low
*COMMENTARY* Again, after seeing a fresh rise to 126-185 on Wednesday, the
appearance of a 'shooting star' candle at the day's close is a concern. Will
need a move above here to negate the potentially bearish consequences and then
concentrate on a challenge to the key 76.4% Fibo retrace level at 126-215 next.
Support comes from the 11 day rising support line at 125-320, loss here will
also weaken upside argument and suggest a deeper correction is due.
     
US 30YR FUTURE TECHS: (U17) 155-10 Remains An Upside Adversary
*RES 4: 157-08 Jun 26 high
*RES 3: 155-29 76.4% Fibo of 157-08/151-18 
*RES 2: 155-21 1% volatility band
*RES 1: 155-10 Aug 4 high
*PRICE: 154-23 @1130GMT
*SUP 1: 153-30 Hourly support
*SUP 2: 153-16/17 Jul 31 high, Aug 2, Aug 8 lows
*SUP 3: 153-10 61.8% Fibo of 152-03/155-10
*SUP 4: 152-24/29 Congestion area Jul 28-Aug 1, 76.4% Fibo
*COMMENTARY* Rally was tempered at 155-10 last week by the upper 1% volatility
band, at the slightly higher 155-21 level today. The subsequent fall has now
reached 153-16/153-17 but stronger support is anticipated from 153-10 initially
and then the congested 152-29/152-24 area. Will need to lose the latter before
more important support from 152-09/152-03 comes under the spotlight. Meanwhile,
above 155-10/155-21 and the 76.4% Fibo at 155-29 is next attraction.
     US EURODOLLAR TECHS: (Z17) 98.515 Still Provides Key Near Term Support
*RES 4: 98.630 Jun 14 high
*RES 3: 98.610 Jun 6 high
*RES 2: 98.580/590 Congestion lows May 19-Jun 8, Jun 16 high
*RES 1: 98.560/565 Hourly resistance
*PRICE: 98.550 @1132GMT
*SUP 1: 98.515 Initial recovery high Jul 6, now support
*SUP 2: 98.495 Jul 6 low, 50% of 98.335-98.655
*SUP 3: 98.470 Apr 23 low
*SUP 4: 98.455 61.8% Fibo of 98.335-98.655
*COMMENTARY* Found support from the 50% Fibo retrace level at 98.495 earlier
last month, a recovery has reached the base of the 98.580-98.590 resistance
area. As a result, has become overbought in the near term and now giving back
some of those gains. In this respect, look to 98.515 for support and protection
against a return of the previous downtrend and 98.495 again. Resistance now from
98.560-98.565 ahead of 98.580-98.590 again.
--MNI London Bureau;tel: +44 207-862-7495; email: les.castell@marketnews.com
[TOPICS: MTABLE]