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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: (U18) Near Term Pullback After Break 50% Fibo Retrace Level
*RES 4: 114-020/035 Hourly high May 30, 76.4% 114-152/112-290
*RES 3: 113-292 May 31 high
*RES 2: 113-280 61.8% Fibo of 114-152/112-290
*RES 1: 113-245/255 Jun 27, Jun 28 highs
*PRICE: 113-197 @1025GMT
*SUP 1: 113-182/187 Jun 25, Jun 26 highs, now support
*SUP 2: 113-157 Jun 27 low
*SUP 3: 113-130 Jun 25 low
*SUP 4: 113-095 Jun 22 low
*COMMENTARY* This month's 112-290 low was basically a test to the 76.4% Fibo
retrace of the preceding 112-147/114-152 rise. The recovery since has been
relatively quick, this week seeing a further break through pivotal
113-202/113-207 resistance and also Wednesday moving above the 50% Fibo retrace
level at 113-220. Through 113-245/113-255 and not much in the way of a further
113-280/113-292 rise. Support moves up to 113-187/113-130, loss would caution.
US 10YR FUTURE TECHS: (U18) Rally Reaches Toward 120-150/120-185 Resistance
*RES 4: 120-240 Hourly high May 30
*RES 3: 120-220 Equality rise from 119-135 to 118-295/120-060
*RES 2: 120-185 76.4% Fibo of 121-030/118-295
*RES 1: 120-150/160 May 31 high, hourly high May 30
*PRICE: 120-065 @1029GMT
*SUP 1: 120-020 Hourly support
*SUP 2: 119-300 Jun 27 low
*SUP 3: 119-265 Jun 26 low
*SUP 4: 119-205 Jun 22 low
*COMMENTARY* This month saw a sharp dip to 118-295, just below support from the
May 24 low at 118-300. The subsequent recovery has been almost as swift, rising
through 119-275 and Wednesday breaking above the next Fibo level of note, the
61.8% retrace at 120-085. Sustained move through here and look to
120-150/120-185 as next potential target zone. Support as a result, moves up to
120-020/119-265, which should hold if rally to continue.
US 30YR FUTURE TECHS: (U18) Rally Clears Key 144-25/144-31 Resistance 
*RES 4: 146-03 Apr 2 high
*RES 3: 145-28 May 30 high
*RES 2: 145-25 Equality rise from 143-01 to 142-01/144-25
*RES 1: 145-11/19 Jun 27 high, 1% volatility band
*PRICE: 145-07 @1035GMT
*SUP 1: 144-25 Jun 19 high, now support
*SUP 2: 144-14 Hourly support
*SUP 3: 144-04/05 Jun 21 high, Jun 27 low
*SUP 4: 143-30 Jun 26 low
*COMMENTARY* This month saw two attempts on 142-03/142-01 support. The
subsequent recovery created a potentially bullish 'Doji' candle on the daily
chart. Since, we have seen a rally back through 144-25 and also the slightly
higher 76.4% Fibo retrace level at 144-31. Meanwhile, support rises initially to
that 144-25 level and then 144-14/144-04 below. Look for 145-19/145-25 next on
sustained break through 144-31.
US EURODOLLAR TECHS: (U18) 97.560 Resistance Proving Difficult To Break
*RES 4: 97.640 May 29 high
*RES 3: 97.600 76.4% Fibo of 97.640-97.475
*RES 2: 97.575 May 14 high, 61.8% of 97.640-97.475
*RES 1: 97.560 Jun 7 high
*PRICE: 97.550 @1040GMT
*SUP 1: 97.520 Hourly support
*SUP 2: 97.500 Jun 14 low
*SUP 3: 97.475 Apr 25, May 8 lows
*SUP 4: 97.425 50% Fibo of 95.695-99.155
*COMMENTARY* Saw a move back above the 9 month falling resistance line earlier
last month and this has been the precursor to some recovery. We have
subsequently seen a rally back to 97.640 where the rally stalled. As a result,
there has been a fresh fall below 97.500 support, although the decline has been
held by the stronger 97.475 level. This remains key to overall direction.
Nearest resistance 97.560-97.575, although above 97.600 needed for impetus.
--MNI London Bureau;tel: +44 207-862-7495; email: les.castell@marketnews.com
[TOPICS: MTABLE]
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