MNI Asian Morning FI Technical Analysis

4 October 2017

By Kyle Shortland

Click below for today's MNI FI Technical Analysis Report -

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (Z17) 97.840-880 Resistance Region Key 

*RES 4: 97.935 - Hourly resistance Sept 14 

*RES 3: 97.880 - Low Sept 14 now resistance 

*RES 2: 97.865 - Hourly resistance Sept 15 

*RES 1: 97.840 - High Sept 26

*PRICE: 97.820 @ 2000GMT

*SUP 1: 97.780 - Low Sept 28 & Oct 2 

*SUP 2: 97.760 - Hourly resistance Sept 21 now support 

*SUP 3: 97.720 - 2017 Low Sept 20 

*SUP 4: 97.614 - Daily Bear channel base

*COMMENTARY: Bears currently remain focused on the daily bear channel base and

then 2015 lows with the 97.840-880 resistance region remaining key as daily

studies work their way back to neutral levels. Above 97.880 is needed to see

bulls targeting 97.935-966 where the 55-DMA and the bear channel top are

located. While 97.880 caps bears look for a close below 97.760 to add weight to

their case.

AUSSIE 10-YR TECHS: (Z17) Bears Focused On 97.0600 

*RES 4: 97.2300 - Low July 26 now resistance

*RES 3: 97.2276 - 21-DMA

*RES 2: 97.2100 - Monthly Low July 20 now resistance

*RES 1: 97.1650 - Low Sept 25 now resistance

*PRICE: 97.1450 @ 2000GMT

*SUP 1: 97.0900 - Low Oct 2

*SUP 2: 97.0750 - Low Sept 21

*SUP 3: 97.0600 - High Mar 10 now support

*SUP 4: 97.0142 - Bollinger band base

*COMMENTARY: Bounces remain capped ahead of the 97.2100-2300 region where the

21-DMA is located. Bulls now need a close above 97.2300 to confirm a break of

the 21-DMA, an easing of bearish pressure and to shift focus back to

97.2970-3166 where key DMAs are situated. While 97.2300 caps bears retain

control and remain focused on 97.0600 and below to target 2017 lows and the bear

channel base (97.0071).

US 10-YR FUTURE TECHS: (Z17) 125-140/230 Resistance Region Key

*RES 4: 126-050 - High Sept 20 

*RES 3: 126-040 - High Sept 25, 55-DMA 

*RES 2: 125-230 - Low Sept 25 now resistance 

*RES 1: 125-140 - Hourly resistance Sept 29

*PRICE: 125-110 @ 2000GMT

*SUP 1: 125-010 - Low Oct 3

*SUP 2: 124-280 - Low July 12

*SUP 3: 124-240 - Bollinger band base

*SUP 4: 124-140 - Monthly Lows July 6 & 7

*COMMENTARY: The lack of downside follow through remains a concern for bears

given daily studies correcting from O/S and recent momentum divergence.

Immediate focus remains on the 124-280 support with bears needing a close below

to add weight to the case for a test of July lows. Layers of resistance remain

in place with bulls needing a close above 125-140 to gain breathing room and a

close above 125-230 to hint at a correction back to 126-040/090.

US 10-YR YIELD TECHS: Topside Hesitation A Concern

*RES 4: 2.423 - Monthly High Aug May 11 

*RES 3: 2.398 - Monthly High July 7 

*RES 2: 2.371 - High Oct 2 

*RES 1: 2.341 - Hourly support Oct 3 now resistance

*PRICE: 2.328 @ 2030GMT

*SUP 1: 2.324 - 200-DMA 

*SUP 2: 2.314 - Hourly support Sept 29 

*SUP 3: 2.296 - Low Sept 29 

*SUP 4: 2.284 - Hourly support Sept 27a

*COMMENTARY: Recent topside hesitation is a concern for bulls given correcting

O/B studies now weighing. The yield is pressuring the 200-DMA support with bears

still looking for a close below 2.284 to confirm a break and to shift focus back

to 2.208-2.245 where key DMAs are located. Bulls continue to look for a close

above 2.371 to confirm initial focus on 2.398-2.437 with above 2.437 to return

focus to 2017 highs.

JGB TECHS: (Z17) Bears Need Close Below 150.06 

*RES 4: 150.54 - 100-DMA

*RES 3: 150.44 - High Sept 28

*RES 2: 150.43 - 200-DMA

*RES 1: 150.30 - Hourly support Sept 28 now resistance

*PRICE: 150.20 @ 2030GMT

*SUP 1: 150.18 - Hourly support Oct 3 

*SUP 2: 150.08 - Low Oct 3 

*SUP 3: 150.06 - Low July 20 

*SUP 4: 149.92 - Low July 14

*COMMENTARY: Support continues to emerge on dips back towards the 150.06 support

which is less than ideal for bears given daily studies looking to correct from

O/S. Bulls now look for a close above 150.30 to gain breathing room and above

150.44 to shift focus to 100 & 55-DMAs 150.54-65. Overall a close above 150.65

is needed to shift focus to 150.96-150.09 although the 21-DMA (150.81) may slow

the move. Bears need a close below 150.06 to target 149.65 July lows.

--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com

[TOPICS: MTABLE]