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) Decline Heads Back Toward Base Of Recent Range

*RES 4: 114-200 Feb 7 high

*RES 3: 114-127/155 Mar 2, Feb 14 highs

*RES 2: 114-092 Mar 14 high

*RES 1: 114-040/057 Mar 19, Mar 16 highs

*PRICE: 113-252 @0955GMT

*SUP 1: 113-222/232 Feb 20-Feb 28 lows

*SUP 2: 113-210 Feb 15 low

*SUP 3: 112-277 1% volatility band

*SUP 4: 112-210 Equality fall target from 118-320

*COMMENTARY* Moving gradually back down the recent 113-210/114-127 range.

Tuesday's loss of 113-270 support now puts pressure back on 113-232/113-222 and

then the base at 113-210. As a result. resistance falls slightly to

114-040/114-057 but back above the Mar 14 high at 114-092 remains critical to

any near term recovery hopes. Beneath 113-210 and the lower 1% volatility band

at 112-277 and the equality fall target at 112-210 become next targets.

US 10YR FUTURE TECHS: (M18) 120-015 Gives Way, 119-265/119-230 Now Key Support

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

*RES 3: 121-010 Feb 9 high, 61.8% Fibo of 122-020/119-140

*RES 2: 120-230/240 Mar 1 high, 50% Fibo of 122-020/119-140

*RES 1: 120-160/170 Hourly resistance, Mar 16 high

*PRICE: 120-005 @1003GMT

*SUP 1: 119-300 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 from

120-025/120-015 has been lost, this protecting against another fall towards

119-265 and the congested 119-230 region. 

US 30YR FUTURE TECHS: (M18) Focus Back on 143-13/143-09 After 145-14 Caps

*RES 4: 146-21 Feb 6 high

*RES 3: 146-01 38.2% Fibo of 153-14/141-14

*RES 2: 145-14/15 76.4% Fibo of 146-21/141-14, 1% vol band

*RES 1: 144-24 Mar 19 high

*PRICE: 143-19 @1015GMT

*SUP 1: 143-09/13 Hourly support, Mar 13 low

*SUP 2: 142-19/24 1% volatility band, Mar 5, Mar 9 lows

*SUP 3: 142-04 Feb 27 low

*SUP 4: 141-14 Feb 21 low

*COMMENTARY* Topside had been pushing up against the 76.4% Fibo retrace level at

145-14 and also the upper 1% volatility band, at 145-15 by time today and still

needs a move above here, before further near term confidence will appear. In the

meantime, support from the early March highs at 144-00, has been lost, this was

the protection to the stronger levels from the Mar 13 low at 143-13 and hourly

support from 143-09. Loss will suggest scope for a deeper 142-24/142-19 fall.

     US EURODOLLAR TECHS: (M18) Decline Continues, 97.640-97.625 Next Supports

*RES 4: 97.825 6 month falling resistance line

*RES 3: 97.820 Mar 2 high

*RES 2: 97.775 Mar 6 high

*RES 1: 97.710 Mar 14, Mar 15 highs

*PRICE: 97.640 @1024GMT

*SUP 1: 97.640 Jul 13 2015 and intraday low

*SUP 2: 97.625 1.618 swing of 97.700-97.820

*SUP 3: 97.585 Jun 29 2015 low

*SUP 4: 97.555 Jun 22 2015 low

*COMMENTARY* Has continued it's fall this week, following the los of 97.700 last

week. Have now seen a test to 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 continues to slide, the nearest now

from 97.710, this the current bar to a 97.775 recovery.

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

[TOPICS: MTABLE]