MNI Asian Morning FI Technical Analysis

11 October 2017

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (Z17) 97.880, Key Resistance & Capping 

*RES 4: 97.954 - 55-DMA 

*RES 3: 97.935 - Hourly resistance Sept 14 

*RES 2: 97.929 - Daily Bear channel top 

*RES 1: 97.880 - Low Sept 14 now resistance

*PRICE: 97.830 @ 2000GMT

*SUP 1: 97.820 - Low Oct 6 

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

*SUP 3: 97.760 - Hourly resistance Sept 21 now support 

*SUP 4: 97.720 - 2017 Low Sept 20

*COMMENTARY: The failure to manage the break below 97.760 required to retest

2017 lows and focus on the bear channel base saw pressure back on the 97.880

resistance last week. Bulls need a close above 97.880 to target 97.929-954 where

the 55-DMA and the bear channel top are located. Initial support is noted at

97.820 with bears needing a close below to ease pressure on resistance layers

and maintain focus on 2017 lows.

AUSSIE 10-YR TECHS: (Z17) 97.2300 Resistance Remains Key 

*RES 4: 97.2300 - Low July 26 now resistance

*RES 3: 97.2100 - Monthly Low July 20 now resistance

*RES 2: 97.1750 - Hourly resistance Oct 6

*RES 1: 97.1730 - 21-DMA

*PRICE: 97.1600 @ 2000GMT

*SUP 1: 97.1100 - Low Oct 6

*SUP 2: 97.0900 - Low Oct 2

*SUP 3: 97.0750 - Low Sept 21

*SUP 4: 97.0600 - High Mar 10 now support

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

21-DMA at 97.1730. Bulls still 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

97.2851-3170 where key DMAs are situated. The 97.0600-0900 support region

remains key. Bears need a close below 97.0600 to confirm focus on 96.9650-8885

where the bear channel base is noted.

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

*RES 4: 125-230 - Low Sept 25 now resistance 

*RES 3: 125-220 - 21-DMA 

*RES 2: 125-190 - High Oct 4 

*RES 1: 125-140 - High Oct 5 & 10

*PRICE: 125-070 @ 2030GMT

*SUP 1: 125-070 - Hourly resistance Oct 5 now support

*SUP 2: 124-310 - Hourly support Oct 9

*SUP 3: 124-220 - Low Oct 6

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

*COMMENTARY: The lack of downside follow-through on fresh 3mth lows Friday was a

concern for bears and has resulted in a correction back to layers of resistance

125-140/230. Bulls continue to look for a close above 125-230 to initially

target tests of 126-030/090. Layers of support remain with bears still needing a

close below 124-310 to end correction talk and maintain initial bearish focus on

124-140 July lows.

US 10-YR YIELD TECHS: 2.284 Support Key

*RES 4: 2.437 - High Mar 23 

*RES 3: 2.423 - Monthly High Aug May 11 

*RES 2: 2.402 - High Oct 6 

*RES 1: 2.372 - Hourly resistance Oct 6

*PRICE: 2.350 @ 2030GMT

*SUP 1: 2.330 - Hourly support Oct 10 

*SUP 2: 2.319 - Low Oct 5 & 10 

*SUP 3: 2.296 - Low Sept 29 

*SUP 4: 2.284 - Hourly support Sept 27a

*COMMENTARY: Dips attracted bids last week resulting in fresh 7mth highs

although the lack of topside follow through and rejection ahead of 2.437 is less

than ideal. Resistance layers starting to build is a concern. Bulls look for a

close above 2.437 to return overall focus to 2017 highs. Bears look for a close

below 2.319 to confirm a break of the 200-DMA (2.320) and below 2.284 to confirm

an easing of bullish pressure & shift focus to 2.208-2.245.

JGB TECHS: (Z17) 150.28 Support Remains Key 

*RES 4: 150.67 - 55-DMA

*RES 3: 150.59 - High Oct 5

*RES 2: 150.54 - 100-DMA

*RES 1: 150.48 - Alternating hourly support/resistance

*PRICE: 150.45 @ 2030GMT

*SUP 1: 150.39 - Hourly support Oct 10 

*SUP 2: 150.28 - Hourly resistance Oct 3 now support 

*SUP 3: 150.18 - Hourly support Oct 3 

*SUP 4: 150.08 - Low Oct 3

*COMMENTARY: Bulls take comfort as the contract looks to gain traction above the

200-DMA (Y150.44) with the 150.28-39 support region now key. Bears continue to

look for a close below 150.28 to return immediate focus to 150.06-08. The 55-DMA

is now key resistance. Bulls need a close above the 55-DMA to confirm breaks of

key DMAs and to shift focus to 150.96-151.09. Correcting O/S studies remain the

key concern for bears.

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

[TOPICS: MTABLE]