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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: (H18) No Change As Fall Edges Closer To Key 113-280 Support
*RES 4: 114-247 Feb 14 high
*RES 3: 114-200 Congestion area Feb 7-Feb 14
*RES 2: 114-155 Feb 12 low, now resistance
*RES 1: 114-117/120 Feb 8 low, Feb 16 high
*PRICE: 114-065 @1110GMT
*SUP 1: 113-315 Feb 15 low
*SUP 2: 113-280 Apr 5 2010 low
*SUP 3: 113-265 Aug 3 2009 low
*SUP 4: 113-095 1% volatility band
*COMMENTARY* Pressure returned to the downside, following the short lived rally
back to 115-212. Support from 114-155 and then 114-092 gave way last week, a low
of 113-315 as we edge ever closer to the key long term support from April 2010
at 113-280. Resistance as a consequence moves to 114-117/114-120  but likely
needs to see a move back above the congested 114-200 region, before the near
term negative bias is reduced.
US 10YR FUTURE TECHS: (H18) 120-010 Support Still Holding Up
*RES 4: 121-075 Feb 14 high
*RES 3: 120-300 Hourly low Feb 14, now resistance  
*RES 2: 120-245/250 Hourly low Feb 12, Feb 16 high
*RES 1: 120-210 Hourly resistance
*PRICE: 120-165 @1135GMT
*SUP 1: 120-010 Feb 15 low, Mar 2008 high
*SUP 2: 119-165 1% volatility band
*SUP 3: 119-115 Sep 2008 high, now support
*SUP 4: 118-295 Median line off 2012 highs
*COMMENTARY* Continued to fall for most of last week, most latterly through the
month's previous 120-180/120-170 lows. A low of 120-010 on Thursday, in line
with the March 2008 high. Any lower and the 1% volatility band, at 119-165 by
time today, becomes the next downside attraction. In the interim, nearest
resistance comes from 120-210 but will likely currently need a move back above
120-245/120-300, before near term downside bias is slowed.
US 30YR FUTURE TECHS: (H18) Recovery Still Meets 145-14/146-12 Resistance
*RES 4: 147-23 Feb 6 high
*RES 3: 146-12 Feb 7 high
*RES 2: 145-09/14 Feb 14 high, hourly resistance
*RES 1: 144-27 Feb 16 high
*PRICE: 144-00 @1140GMT
*SUP 1: 143-04 Feb 12-15 lows
*SUP 2: 142-11/22 Dec 22 2014 low, 1% volatility band
*SUP 3: 141-08 2% volatility band
*SUP 4: 140-26 Dec 1 2014 low
*COMMENTARY* Downside tested 143-04 again last Thursday, as we still skirmish
below long term support from 144-03/143-25. Next supports of note come from the
December 2014 lows between 142-11 and 140-26. Sandwiched in between is the lower
2% volatility band, at 141-08 by time today. Meanwhile, resistance from
144-27/145-14, back through here will assist and allow a better 146-12 rise,
where next questions are asked.
     US EURODOLLAR TECHS: (H18) 76.4% Fibo Retrace At 97.935 The Next Primary
Target
*RES 4: 98.100 Feb 4, Feb 5 lows, now resistance
*RES 3: 98.065 Feb 4, Feb 5 lows, now resistance
*RES 2: 98.040 Recovery highs Feb 8
*RES 1: 98.005/015 Hourly resistance
*PRICE: 97.940 @1145GMT
*SUP 1: 97.935 76.4% Fibo of 97.530-99.240
*SUP 2: 97.910 Aug 10 2015 low
*SUP 3: 97.845 Aug 3 2015 low
*SUP 4: 97.810 Jul 6 2015 low
*COMMENTARY* The decline has extended again, following the short lived recovery
to 98.145 at the beginning of the month. The subsequent slip has now been
followed by the loss of the 38.2% Fibo retrace level at 97.995 and most recently
last Friday, the swing target at 97.960. This leaves the 76.4% retrace level at
97.935 as the next primary target. In the meantime, 98.005-98.015 provides the
near term bar to any recovery hopes. 
--MNI London Bureau;tel: +44 207-862-7495; email: les.castell@marketnews.com
[TOPICS: MTABLE]
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