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) Slight Break Of Recent Range Base Followed By Bounce

*RES 4: 114-127/155 Mar 2, Feb 14 highs, 50% 115-127/113-190

*RES 3: 114-092 Mar 14 high, 38.2% of 115-127/113-190

*RES 2: 114-040 Mar 19 high

*RES 1: 114-010 Hourly resistance

*PRICE: 113-305 @1044GMT

*SUP 1: 113-222 Hourly support

*SUP 2: 113-190 Mar 21 low

*SUP 3: 112-277 1% volatility band

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

*COMMENTARY* A slight break below the base of the recent 113-210/114-127 range

on Wednesday, a low of 113-190 before bouncing. Now seeing resistance from

114-010 initially, 114-040 thereafter. Back above the Mar 14 high at 114-092

however remains critical to any near term recovery hopes. Nearest support

113-222  but back beneath 113-190 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) 120-160/120-240 Resistance After Bounce From 119-220

*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 Mar 19 high 

*PRICE: 120-115 @1054GMT

*SUP 1: 119-275 Hourly support

*SUP 2: 119-215/220 Feb 27, Feb 28, Mar 21 lows

*SUP 3: 119-140 Feb 15 low

*SUP 4: 119-010 1% volatility band

*COMMENTARY* Found support at 119-220 on Wednesday, basically midway between the

congested 119-230/119-215 area. Has been followed by a bounce, which once again

tries to move through initial 120-160 resistance but still requires a rally

through the higher 120-230/120-240 region, before belief and confidence in a

recovery will appear. In the interim, some earlier support from 119-275 is the

protection against a return to 119-220/119-215.

US 30YR FUTURE TECHS: (M18) 44-24 In Way Of Test To Key 145-14/145-19 Region

*RES 4: 146-01 38.2% Fibo of 153-14/141-14

*RES 3: 145-19 1% volatility band

*RES 2: 145-11/14 Mar 16 high, 76.4% Fibo of 146-21/141-14

*RES 1: 144-24 Mar 19 high

*PRICE: 144-19 @1120GMT

*SUP 1: 143-00/11 5 week rising support line, hourly support

*SUP 2: 142-22/24 1% volatility band, Mar 5, Mar 9 lows

*SUP 3: 142-04 Feb 27 low

*SUP 4: 141-14 Feb 21 low

*COMMENTARY* Found support at 142-30 on Wednesday, just above the early March

lows at 142.24 and the lower 1% volatility band, at 142-22 by time today. The

subsequent bounce still has resistance from the Mar 19 high at 144-24 to

navigate before the chance of a test to the more important 145-14/145-19 region.

Will need a conclusive break here, before real confidence in the topside will

appear. Meantime, 143-11/143-00 provides interim support.

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

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: 97.665 @1124GMT

*SUP 1: 97.630/640 Mar 21, Jul 13 2015 lows

*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 loss of 97.700

last week. Have now seen a test to the next band of support between the July

2015 low at 97.640 and 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]