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: (M18) 113-270 Support Holds Up Under Scrutiny

*RES 4: 114-270 Feb 9 high

*RES 3: 114-200 Feb 7 high

*RES 2: 114-127/155 Mar 2, Feb 14 highs

*RES 1: 114-080/092 Mar 6, Mar 14 highs

*PRICE: 114-067 @1013GMT

*SUP 1: 113-270 Congestion area Feb 15-Feb 28

*SUP 2: 113-222/232 Feb 20-Feb 28 lows

*SUP 3: 113-210 Feb 15 low

*SUP 4: 112-295 1% volatility band

*COMMENTARY* Had gradually continued to recover since hitting a 113-210 low in

the middle of last month. Now facing resistance from 114-080/114-155, above

which would allow a higher 114-200/114-270 rise, as we claw back losses from the

Feb 6 high at 115-127. Meanwhile, after support from 114-005 was lost, the

congested 113-270 area and then 113-222 become the nearest downside levels of

note. A loss of the latter would return overall bias/interest to the downside.

US 10YR FUTURE TECHS: (M18) 120-230/120-240 Break Would Aid Recovery Potential

*RES 4: 121-145 76.4% Fibo of 122-020/119-140

*RES 3: 121-130 1% volatility band

*RES 2: 121-010 Feb 9 high, 61.8% Fibo of 122-020/119-140

*RES 1: 120-230/240 Mar 1 high, 50% Fibo of 122-020/119-140

*PRICE: 120-190 @1025GMT

*SUP 1: 120-015/025 Hourly support

*SUP 2: 119-265 Mar 6, Mar 9 lows

*SUP 3: 119-230 Congestion area Feb 15-Feb 28

*SUP 4: 119-140 Feb 15 low

*COMMENTARY* The recovery stalled at 120-230 earlier in the month, just beneath

the 50% Fibo retrace level of the preceding 122-020/119-140 fall, at 129-240.

Will need the added stimulus of a break above the latter, before considering the

potential for increased 121-010/121-145 gains. In the interim, support once

again comes from the 120-025/120-015 area, this protecting against another fall

towards 119-265 and the congested 119-230 region.

US 30YR FUTURE TECHS: (M18) 145-05/145-14 The Bar To Refreshed Upside Interest 

*RES 4: 146-21 Feb 6 high

*RES 3: 146-18 2% volatility band

*RES 2: 146-01 38.2% Fibo of 153-14/141-14

*RES 1: 145-05/14 1% vol band, 76.4% Fibo of 146-21/141-14

*PRICE: 145-01 @1037GMT

*SUP 1: 144-00 Mar 6, Mar 8 highs, now support

*SUP 2: 143-13 Mar 13 low

*SUP 3: 142-21 Mar 5 low

*SUP 4: 142-04 Feb 27 low, 1% volatility band

*COMMENTARY* Topside is pushing up against the upper 1% volatility band, at

145-05 by time today but likely needs a move above the 76.4% Fibo retrace level

at 145-14, before further near term confidence will appear. In the meantime,

support also rises, the early March highs at 144-00, now the protection to the

stronger level from the Mar 13 low at 143-13. Directly through 145-14 and the

146-01/146-21 region becomes the next likely target zone.

     US EURODOLLAR TECHS: (M18) Continues Lower, 97.675 Now Protects

97.640-97.625

*RES 4: 97.850 6 month falling resistance line

*RES 3: 97.820 Mar 2 high

*RES 2: 97.785 Congestion area Mar 1-Mar 5

*RES 1: 97.735 Hourly resistance

*PRICE: 97.705 @1045GMT

*SUP 1: 97.675 Mar 14 low

*SUP 2: 97.640 Jul 13 2015 low

*SUP 3: 97.625 1.618 swing of 97.700-97.820

*SUP 4: 97.585 Jun 29 2015 low

*COMMENTARY* Has continued it's fall this week, brushing aside support from

97.700 in the process. A low of 97.675 so far, as we head for the next support

of note from the July 2015 low at 97.640. This ahead of the swing target of the

recent 97.700-97.820 recovery, at the slightly lower 97.625 level. Resistance

also on the slide, the nearest now from 97.735, this the current bar to a 97.785

recovery.

--MNI London Bureau;tel: +44 207-862-7495; email: les.castell@marketnews.com

[TOPICS: MTABLE]