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) Sustained 114-092/114-127 Break Needed For Impetus

*RES 4: 114-227 61.8% Fibo of 115-127/113-190

*RES 3: 114-155 Feb 14 highs 50% of 115-127/113-190

*RES 2: 114-127 Mar 2 high

*RES 1: 114-092/107 Mar 14, 22 highs, 38.2% 115-127/113-190

*PRICE: 114-022 @0920GMT

*SUP 1: 113-297 Hourly support

*SUP 2: 113-242 Mar 20 low

*SUP 3: 113-190 Mar 21 low

*SUP 4: 112-292 1% volatility band

*COMMENTARY* Last Thursday's rally from Wednesday's 113-190 base, attempted to

clear 114-092 resistance. A slightly higher 114-107 rise seen, before once again

giving up some ground. Will require the impetus of a sustained break through

here and then 114-127, before the belief in a better correction of losses from

Feb 6 high at 115-127 will arise. In the interim, support comes from above

113-297 and then more importantly 113-242.

US 10YR FUTURE TECHS: (M18) 120-240/120-280 The Bar To Higher Recovery Hopes

*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: 120-280 Mar 23 high

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

*PRICE: 120-135 @0928GMT

*SUP 1: 120-080 Hourly support

*SUP 2: 119-300 Mar 20 low

*SUP 3: 119-215/220 Feb 27, Feb 28, Mar 21 lows

*SUP 4: 119-140 Feb 15 low

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

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

moved through initial 120-160 resistance now requires a sustained rally through

the 120-240/120-280 region, before belief and confidence in a higher

121-010/121-145 recovery will appear. In the interim, support is seen from

120-080/119-300, the latter the protection against a return to 119-220/119-215.

US 30YR FUTURE TECHS: (M18) 145-14/145-29 The Bar To Real Upside Progress

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

*RES 3: 145-29 1% vol band, 5 week bull channel top

*RES 2: 145-14/16 76.4% Fibo of 146-21/141-14, Mar 22 high

*RES 1: 145-02/06 Hourly resistance

*PRICE: 144-18 @0931GMT

*SUP 1: 144-06 Mar 23 low

*SUP 2: 143-13 Mar 20 low

*SUP 3: 143-01/08 1% vol band, 6 week rising support line

*SUP 4: 142-21/30 Mar 5, Mar 9, Mar 21 lows

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

lows at 142-24/142-21 and the 1% volatility band, at the higher 143-01 by time

today. The subsequent bounce has moved through 144-24 but still has more

important 145-14/145-29 resistance to navigate, before real confidence in the

topside will appear. Meanwhile, 144-06/143-01 provides interim support, ahead of

that 142-30/142-21 area.

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

*RES 4: 97.820 Mar 2 high

*RES 3: 97.800 6 month falling resistance line

*RES 2: 97.775 Mar 6 high

*RES 1: 97.710 Mar 14, Mar 15, Mar 22 highs

*PRICE: 97.700 @0938GMT

*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* Continued to fall last week, following the loss of 97.700 earlier

in the month. 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]