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) Range Break Targets 114-227/114-245 Next

*RES 4: 114-270 Feb 9 high

*RES 3: 114-245 Equality rise from 114-007 to 113-190/114-107

*RES 2: 114-227 61.8% Fibo of 115-127/113-190

*RES 1: 114-197 Mar 28 high

*PRICE: 114-112 @1004GMT

*SUP 1: 114-082 Mar 28 low

*SUP 2: 114-040 Mar 19 high, initial rally high Mar 27

*SUP 3: 114-007 Mar 26 low

*SUP 4: 113-272 Mar 9 low

*COMMENTARY* Tuesday saw a break out of the recent range, rising through

114-092/114-127. A high of 114-197 so far, as we head for the next resistance of

note, the 61.8% Fibo retrace level at 114-227. This of the preceding

115-127/113-190 fall seen over the early part of the year. Meanwhile initial

114-107 support has been lost but the 114-040 level currently considered of more

importance below. Above 114-227 and look to 114-245/114-270 next.

US 10YR FUTURE TECHS: (M18) Fresh Rise Has 121-145/121-170 On It's Mind

*RES 4: 121-230 1% volatility band

*RES 3: 121-170 Equality rise from 120-110 to 119-220/120-280

*RES 2: 121-145 76.4% Fibo of 122-020/119-140

*RES 1: 121-090 Mar 29 high

*PRICE: 120-315 @1011GMT

*SUP 1: 120-230 Mar 1, Mar 14 highs, now support

*SUP 2: 120-180 Hourly support

*SUP 3: 120-110 Mar 26 low

*SUP 4: 120-045/065 Congestion area Feb 16-Mar 12

*COMMENTARY* The move back above 120-230 last Friday was the first inkling of an

upside revival which has been carried on by the further rise through 120-280

this week. This has seen a high of 121-090 so far, with the next resistance of

real note, the 76.4% Fibo retrace level at 121-145. As a result, initial support

moves up to that 120-230 area, with the lower 120-180 level anticipated to stay

out of trouble, if gains are to continue. Above 121-145 and 121-170 next.

US 30YR FUTURE TECHS: (M18) Sustained 146-00/146-05 Break Needed To Add Impetus

*RES 4: 147-22 2% volatility band

*RES 3: 147-14 50% Fibo of 153-14/141-14

*RES 2: 146-21/24 Feb 6 high, equality rise from 144-06

*RES 1: 146-07/10 1% volatility band, Mar 28 high

*PRICE: 145-31 @1024GMT

*SUP 1: 145-04 Mar 26 high, now support

*SUP 2: 144-24 Mar 19 high, initial rally high Mar 27

*SUP 3: 144-06 Mar 23 low

*SUP 4: 143-26 Feb 26 high, now support

*COMMENTARY* Found the ability to move through 145-14 resistance on Tuesday and

145-29 yesterday. Now threatening to break clear of the 38.2% Fibo retrace, 5

week bull channel top and 1% volatility band, all situated between

146-00/146-05. A high of 146-10 so far, which if it can be sustained, will

target the 146-21/146-24 area next, ahead of the 50% Fibo level at 147-14.

Support initially from above 145-04 and then 144-24.

US EURODOLLAR TECHS: (M18) Recovery Now Has 97.745-97.775 Resistance

*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: 97.745 Hourly resistance

*PRICE: 97.705 @1030GMT

*SUP 1: 97.655/670 Mar 22 low, hourly support

*SUP 2: 97.630/640 Mar 21, Jul 13 2015 lows

*SUP 3: 97.625 1.618 swing of 97.700-97.820

*SUP 4: 97.585 Jun 29 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. The subsequent rally has moved back above

97.710, this was the bar to a further 97.745-97.775 rise. Nearest support

97.670-97.655.

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

[TOPICS: MTABLE]