Free Trial

MNI US Morning Fixed Income Technical Analysis

By Les Castell
     Click below for today's MNI US Morning FI Technical Analysis Report -
http://tinyurl.com/h8pyhnq
US 5YR FUTURE TECHS: (Z17) 118-172 Reaction Can Provide Intraday Direction 
*RES 4: 119-220 50% 121-215/116-155, 61.8% 122-285/116-155
*RES 3: 119-025/030 50% 121-215/116-155,8 week bull channel 
*RES 2: 118-310/320 Apr 17, May 18 highs
*RES 1: 118-285 Sep 6 high
*PRICE: 118-230 @1000GMT
*SUP 1: 118-192/195 Hourly support, Sep 6 low
*SUP 2: 118-172 Sep 3 high, now support
*SUP 3: 118-135 Sep 5 low
*SUP 4: 118-095/115 Sep 1 low, 8 week rising support line
*COMMENTARY* Still basically trading within the 8 week bull channel, a high of
118-285 seen on Wednesday, as we head back towards the Apr & May highs between
118-310/118-320. The channel top and the 50% Fibo retrace level are in the
slightly higher 119-025/119-030 region. As a result, support now comes initially
from 118-195/118-192, although the lower 118-172 area currently provides a
stronger back up below. Loss here would caution.
US 10YR FUTURE TECHS: (Z17) 127-190/127-250 The Next Upside Target Area
*RES 4: 128-265 Median line off March & May lows
*RES 3: 128-105 1% volatility band, 50% of 134-070/122-145
*RES 2: 127-275 8 week bull channel top
*RES 1: 127-180/190 Sep 5, Aug 29 highs
*PRICE: 127-095 @1005GMT
*SUP 1: 127-010/020 Hourly support, Sep 6 low
*SUP 2: 126-300/305 Initial high Sep 5, Sep 3 high, now suppt 
*SUP 3: 126-240 Sep 3 low
*SUP 4: 126-190/205 Sep 1 low, 8 week bull channel base
*COMMENTARY* Have seen an impressive recovery, after the drop to 126-190 on Sep
1, tested the base of the 8 week bull channel. The subsequent rise has now
approached the previous 127-190 high, seen on Aug 29. In the interim, support
also on the move, 127-020/127-010 initially, with stronger levels currently seen
from between 126-305/126-300. Loss of the latter would caution. Directly above
127-190 and the next barrier is that 8 week channel top at 127-275.
US 30YR FUTURE TECHS: (Z17) Recovering After Test To 7 Week Channel Base
*RES 4: 159-24 2% volatility band
*RES 3: 158-23/24 7 week bull channel top, 8 mth res line
*RES 2: 158-04/06 Aug 29 high, 1% volatility band
*RES 1: 157-12 Sep 6 high
*PRICE: 156-25 @1011GMT
*SUP 1: 156-07 Sep 6 low
*SUP 2: 155-21/23 initial rally high Sep 5, Sep 3 high
*SUP 3: 155-05/09 Sep 5 low, 7 week bull channel base
*SUP 4: 154-30 Sep 1 low
*COMMENTARY* Recovering after last Friday's drop to the base of the 7 week bull
channel. A high of 157-12 so far, in line with a test of the upper 1% volatility
band on Wednesday. Will need to eclipse the Aug 29 high at 158-04 however, to
remove the threat of the 'Doji' candle close on that day. Support now from
156-07 with 155-23/155-21 backing it up below. The channel base has now moved
slightly above the Sep 5 low at 155-05.
     US EURODOLLAR TECHS: (Z17) Rally Brings 98.610-98.630 Resistance To The
Fore
*RES 4: 98.680 May 30 2016 low, now resistance
*RES 3: 98.655 May 18 high
*RES 2: 98.630 Jun 14 high
*RES 1: 98.610 Jun 6 high
*PRICE: 98.600 @1013GMT
*SUP 1: 98.555 Aug 25 low
*SUP 2: 98.535 Congestion area Jul 27-Aug 17
*SUP 3: 98.520 Jul 25, Jul 26 lows
*SUP 4: 98.495 Jul 6 low, 50% Fibo of 98.335-98.655
*COMMENTARY* After weeks of consolidation we have seen a break above
98.580-98.590 resistance. This should allow some further progression, as we claw
back losses from the May 18 high at 98.655. Next up is the Jun 6 high at 98.610
and then the Jun 14 high at 98.630. Back above the latter required however,
before the near term bias will switch from corrective to favour the topside
again. Support rises to 98.555 initially and then backed up by 98.535-98.520.
--MNI London Bureau;tel: +44 207-862-7495; email: les.castell@marketnews.com
[TOPICS: MTABLE]

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
}); window.REBELMOUSE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); }); window.REBELMOUSE_TASKS_QUEUE.push(function(){ (function appendPosts () { var policyPosts = document.getElementsByClassName('policy-posts-wrapper')[0]; var policyPostsMenu = document.querySelector('.policy-posts-span'); policyPostsMenu.append(policyPosts); policyPosts.style.display = "block"; var empolicyPosts = document.getElementsByClassName('em-policy-posts-wrapper')[0]; var empolicyPostsMenu = document.querySelector('.em-policy-posts-span'); empolicyPostsMenu.append(empolicyPosts); empolicyPosts.style.display = "block"; var dataPosts = document.getElementsByClassName('data-posts-wrapper')[0]; var dataPostsMenu = document.querySelector('.data-posts-span'); dataPostsMenu.append(dataPosts); dataPosts.style.display = "block"; })(); }); window.REBELMOUSE_TASKS_QUEUE.push(function(){ document.querySelectorAll(".my-mni").forEach(function(item){ item.href="/core/users/email_login/"; item.innerHTML="Log In"; }) }); window.REBELMOUSE_TASKS_QUEUE.push(function(){ document.querySelector('.signup-form').addEventListener('submit', () => { window.dataLayer = window.dataLayer || []; dataLayer.push({ 'event' : 'submission_click', 'event_category': "Sign Up Button Clicks", 'event_label': "Posts" }); }) }); window.REBELMOUSE_TASKS_QUEUE.push(function(){ REBELMOUSE_STDLIB.createElementChangeListener('.signup-form.authentication--form',function(item){ item.onsubmit=function(e){ ga('b.send', 'event', {eventCategory: 'Signup', eventAction: 'CompletedForm', eventLabel:'pageTitle', eventValue:15}); window.dataLayer = window.dataLayer || []; dataLayer.push({ 'event' : 'signup_click', 'event_category': "Signup", 'event_action': 'CompletedForm', 'event_label': 'pageTitle', 'event_value': 15 }); } }) }); window.REBELMOUSE_TASKS_QUEUE.push(function(){ document.querySelectorAll("img").forEach(function (img) { img.addEventListener("contextmenu", function (e) { return false; }); }); document .querySelector(".site-logo img") .addEventListener("contextmenu", function (e) { return true; }); }); window.REBELMOUSE_TASKS_QUEUE.push(function(){ document.querySelector('.signup-form').addEventListener('submit', () => { window.dataLayer = window.dataLayer || []; dataLayer.push({ 'event' : 'submission_click', 'event_category': "Sign Up Button Clicks", 'event_label': "Posts" }); }) }); window.REBELMOUSE_TASKS_QUEUE.push(function(){ REBELMOUSE_STDLIB.createElementChangeListener('.signup-form.authentication--form',function(item){ item.onsubmit=function(e){ ga('b.send', 'event', {eventCategory: 'Signup', eventAction: 'CompletedForm', eventLabel:'pageTitle', eventValue:15}); window.dataLayer = window.dataLayer || []; dataLayer.push({ 'event' : 'signup_click', 'event_category': "Signup", 'event_action': 'CompletedForm', 'event_label': 'pageTitle', 'event_value': 15 }); } }) }); window.REBELMOUSE_TASKS_QUEUE.push(function(){ let posts = document.querySelectorAll(".all-content-wrapper .widget:not(.stream-story-processed)"); window.check_story_posts(posts, "streamOfPosts"); }); window.REBELMOUSE_LOW_TASKS_QUEUE.push(function(){ function populateInputsWithAPAPI(c) { document.querySelectorAll('.signup-form input[name="country"]').forEach(el => { el.setAttribute("value", c.country_name); }); document.querySelectorAll('.signup-form .country_name').forEach(el => { el.setAttribute("value", c.country_name); }); let country_code = c && c.country_code ? c.country_code.toLowerCase() : "auto"; document.querySelectorAll('.signup-form .country_code').forEach(el => { el.setAttribute("value", country_code); }); document.querySelectorAll('.signup-form .selected_country').forEach(el => { el.setAttribute("value", country_code); }); } const fetch = function (err, res) { var r = new XMLHttpRequest(); r.open("GET", err, !0), (r.responseType = "json"), (r.onload = function () { var err = r.status; res(200 === err ? null : err, r.response); }), r.send(); }; function setupCountry() { if (window.preventDuplicateExec) { return; } window.preventDuplicateExec = true; window.REBELMOUSE_STDLIB.onElementInViewport({ threshold: 0, firstOnly: true, oneTime: true, selector: ".signup-form", onIntersect: (entry) => { // when you need to get access to that data you call it in that way: let ipapiData = localStorage.getItem("ipapiData"); if (!ipapiData) { fetch("https://ipapi.co/json/", function (err, ipData) { console.log("populating inputs with data from IP API "); localStorage.setItem("ipapiData", JSON.stringify(ipData)); populateInputsWithAPAPI(ipData); }); } else { console.log( "populating inputs with data from IP API data stored in local storage" ); populateInputsWithAPAPI(JSON.parse(ipapiData)); } }, }); } setupCountry(); }); window.REBELMOUSE_LOW_TASKS_QUEUE.push(function(){ /* const sidebar = document.querySelector('.left-sidebar-container'); const stickyContent = document.querySelector('.sticky-content'); const siteContent = document.querySelector('.all-posts-stream'); if (sidebar && stickyContent && siteContent) { if (siteContent.clientHeight > sidebar.clientHeight) { console.log('grater -> ', siteContent.clientHeight + ' > ' + sidebar.clientHeight); stickyContent.style.height = (siteContent.clientHeight - sidebar.clientHeight) + 'px'; } } */ }); window.REBELMOUSE_LOW_TASKS_QUEUE.push(function(){ function populateInputsWithAPAPI(c) { document.querySelectorAll('.signup-form input[name="country"]').forEach(el => { el.setAttribute("value", c.country_name); }); document.querySelectorAll('.signup-form .country_name').forEach(el => { el.setAttribute("value", c.country_name); }); let country_code = c && c.country_code ? c.country_code.toLowerCase() : "auto"; document.querySelectorAll('.signup-form .country_code').forEach(el => { el.setAttribute("value", country_code); }); document.querySelectorAll('.signup-form .selected_country').forEach(el => { el.setAttribute("value", country_code); }); } const fetch = function (err, res) { var r = new XMLHttpRequest(); r.open("GET", err, !0), (r.responseType = "json"), (r.onload = function () { var err = r.status; res(200 === err ? null : err, r.response); }), r.send(); }; function setupCountry() { if (window.preventDuplicateExec) { return; } window.preventDuplicateExec = true; window.REBELMOUSE_STDLIB.onElementInViewport({ threshold: 0, firstOnly: true, oneTime: true, selector: ".signup-form", onIntersect: (entry) => { // when you need to get access to that data you call it in that way: let ipapiData = localStorage.getItem("ipapiData"); if (!ipapiData) { fetch("https://ipapi.co/json/", function (err, ipData) { console.log("populating inputs with data from IP API "); localStorage.setItem("ipapiData", JSON.stringify(ipData)); populateInputsWithAPAPI(ipData); }); } else { console.log( "populating inputs with data from IP API data stored in local storage" ); populateInputsWithAPAPI(JSON.parse(ipapiData)); } }, }); } setupCountry(); });