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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) 113-190 Now The Brake To Any Further Recovery Hopes
*RES 4: 113-257 Apr 16 low, now resistance
*RES 3: 113-222 Apr 18 low, now resistance
*RES 2: 113-190 Mar 21 low, now resistance
*RES 1: 113-172 Apr 19 low, now resistance
*PRICE: 113-142 @0945GMT
*SUP 1: 113-062 Apr 25 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: 112-127 1% volatility band
*COMMENTARY* The loss of pivotal 113-272 support last week returned overall
focus to the downside and has been followed by a break of the key
113-180/113-170 area. A low of 113-062 so far, as we approach 112-290, the first
of two equality fall targets. As a consequence, resistance drops to
113-135/113-190, above the former will see a clear break of the 2 week downtrend
but back above the latter likely needed to provide any upside enthusiasm.
US 10YR FUTURE TECHS: (M18) 119-110/119-145 The Initial Barrier To A Recovery
*RES 4: 120-070 Apr 16 low, now resistance
*RES 3: 119-295 Apr 20 high
*RES 2: 119-215/230 Feb 27, 28, Apr 19 lows, now resistance
*RES 1: 119-145 Apr 24 high
*PRICE: 119-140 @0950GMT
*SUP 1: 118-310 Apr 25 low
*SUP 2: 118-170 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 this week broken below congested 119-265/119-215 support. A low
of 118-310, as we so far head off a test towards the lower 1% volatility band,
at 118-170 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, oversold in near term, above 119-would assist but any
real recovery is beholden to a higher 119-215/119-230 break.
US 30YR FUTURE TECHS: (M18)  142-28/143-12 The Bar To Continued Recovery Efforts
*RES 4: 144-25/28 Apr 5 low, broken 2 month support line
*RES 3: 143-31 Apr 20 high
*RES 2: 143-09/12 Apr 24 high, Apr 19 low
*RES 1: 142-28 Hourly resistance
*PRICE: 142-24 @0956GMT
*SUP 1: 141-14/17 Feb 21, Apr 25 lows
*SUP 2: 140-26 Dec 2014 low, 2.618 projected fall from 146-28
*SUP 3: 140-20 2% volatility band
*SUP 4: 139-14 76.4% Fibo of 127-23/177-11
*COMMENTARY* The fall from last Wednesday's 146-02 recovery high saw a break
beneath the 2 month rising support line, at 144-28 by time today. The subsequent
fall has also now surpassed the 76.4% Fibo retrace level at 142-25, a low of
141-17 on Wednesday, just above the next support from the Feb 21 low at 141-14.
Back above 142-28 and then 143-12 currently needed to improve the situation.
US EURODOLLAR TECHS: (M18) Remains Under Pressure While 97.660-97.695 Caps 
*RES 4: 97.740 Mar 27-28 highs 
*RES 3: 97.715 Apr 2 high
*RES 2: 97.695 6 month falling resistance line
*RES 1: 97.655/660 Hourly resistance, Apr 6, Apr 9 lows
*PRICE: 97.650 @1001GMT
*SUP 1: 97.600 Apr 26 low
*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
now left behind. 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 97.655-97.660 but the
6 month falling resistance line is at 97.695 this week. Above needed before any
respite likely.
--MNI London Bureau;tel: +44 207-862-7495; email: les.castell@marketnews.com
[TOPICS: MTABLE]
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