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5/30s Block trade

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Bobl call ladder

By Les Castell
     
Click below for today's MNI US Morning FI Technical Analysis Report -
http://tinyurl.com/h8pyhnq
US 5YR FUTURE TECHS: (M18) Key 113-180/113-170 Support Gives Way
*RES 4: 113-310 Apr 17 high
*RES 3: 113-257 Apr 16 low, now resistance
*RES 2: 113-190 Mar 21 low, now resistance
*RES 1: 113-172 Apr 19 low, now resistance
*PRICE: 113-107 @1004GMT
*SUP 1: 113-090 Apr 23 low
*SUP 2: 112-290 Equality fall from 114-207 to 115-127/113-210
*SUP 3: 112-210 Equality fall from 118-320 to 122-285/116-155
*SUP 4: 112-195 1% volatility band
*COMMENTARY* The loss of pivotal 113-272 support last week returned overall bias
to the downside and has been followed by a break of the key 113-180/113-170
area. A low of 113-090 so far, as we approach 112-290, the first of two equality
fall targets. As a consequence, resistance drops to 113-172/113-190 but
requiring back above 113-257 to currently provide any upside enthusiasm.
     
US 10YR FUTURE TECHS: (M18) Fall Finds Support From 119-065 On Monday
*RES 4: 120-165/180 Apr 5 low, Apr 17 high
*RES 3: 120-070 Apr 16 low, now resistance
*RES 2: 119-295 Apr 20 high
*RES 1: 119-215/230 Feb 27, 28, Apr 19 lows, now resistance
*PRICE: 119-120 @1031GMT
*SUP 1: 119-065 Apr 23 low
*SUP 2: 118-285 1% volatility band
*SUP 3: 118-150 Equality fall from 121-120 to 122-190/120-030
*SUP 4: 118-130 6 year median line
*COMMENTARY* Has now broken below the congested 119-265/119-215 support. A low
of 119-065 on Monday, as we head towards the lower 1% volatility band, at
119-285 by time today. Any lower and the equality fall target at 118-150 becomes
the next level to watch, just above the 6 year median line support from 118-130.
As a consequence, resistance falls to 119-215/119-230 initially and then from
the Apr 20 high at 112-295. Will need back above the latter to ease pressure.
     
US 30YR FUTURE TECHS: (M18)  Holds 142-04 Support, Hammer Candle Close May Help
*RES 4: 145-09 Initial low Apr 18, now resistance
*RES 3: 144-24/25 Broken 2 month support line, Apr 5 low
*RES 2: 143-31 Apr 20 high
*RES 1: 143-12/18 Apr 19 low, hourly resistance
*PRICE: 143-03 @1040GMT
*SUP 1: 142-09 Apr 23 low
*SUP 2: 142-04 Feb 27 low
*SUP 3: 141-22 2% volatility band
*SUP 4: 141-14 Feb 21 low
*COMMENTARY* The fall from last Wednesday's 146-02 recovery high has broken
beneath the 2 month rising support line, at 144-24 by time today. The subsequent
fall has also now surpassed the 76.4% Fibo retrace level at 142-25, a low of
142-09 on Monday, as we head towards next support from the Feb 27 low at 142-04.
Some near term oversold conditions are aided by the appearance of a 'Hammer'
candle close.  Resistance 143-12/143-31.
     
US EURODOLLAR TECHS: (M18) Remains Under Pressure While 97.695 Caps Recoveries
*RES 4: 97.775 Mar 6 high
*RES 3: 97.740 Mar 27-28 highs 
*RES 2: 97.715 Apr 2 high
*RES 1: 97.685/695 Hourly resistance, 6 mth falling res line
*PRICE: 97.635 @1045GMT
*SUP 1: 97.615/625 Apr 16 low, 1.618 swing of 97.700-97.820
*SUP 2: 97.585 Jun 29 2015 low
*SUP 3: 97.560 1.618 swing of 97.630-97.740
*SUP 4: 97.515 50% Fibo of 95.835/99.200
*COMMENTARY* Has continued to fall this month, the first swing target at 97.625
has come under pressure. Sustained break lower and not much is currently evident
ahead of the Jun 2015 low at 97.585 and more importantly the second swing target
at 97.560. As a consequence, initial resistance has fallen to 97.685-97.695, the
latter the 6 month falling resistance line. Above needed before any respite
likely.
--MNI London Bureau;tel: +44 207-862-7495; email: les.castell@marketnews.com
[TOPICS: MTABLE]