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MNI Asian Morning FI Technical Analysis

12 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 Remains Key Resistance 
*RES 4: 97.951 - 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: 97.840 @ 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 97.925-951 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: 97.1654 - 21-DMA
*PRICE: 97.1650 @ 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 97.1654. 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
97.2825-3168 where key DMAs are situated. The 97.0600-0900 support region
remains key. Bears need a close below 97.0600 to confirm focus on 96.9650-9852
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: 125-200 - 21-DMA 
*RES 2: 125-190 - High Oct 4 
*RES 1: 125-140 - High Oct 5 & 10
*PRICE: 125-080 @ 2030GMT
*SUP 1: 125-050 - Hourly support Oct 11
*SUP 2: 124-310 - Hourly support Oct 9
*SUP 3: 124-240 - Bollinger band base
*SUP 4: 124-220 - Low Oct 6
*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: 2.423 - Monthly High Aug May 11 
*RES 3: 2.402 - High Oct 6 
*RES 2: 2.372 - Hourly resistance Oct 6 
*RES 1: 2.355 - Hourly resistance Oct 11
*PRICE: 2.346 @ 2030GMT
*SUP 1: 2.330 - Hourly support Oct 10 
*SUP 2: 2.319 - Low Oct 5 & 10, 200-DMA 
*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 was
less than ideal. Bulls now look for a close above 2.372 to gain breathing room
and above 2.437 to return overall focus to 2017 highs. Bears now need a close
below 2.319 to ease bullish pressure and below 2.284 to shift focus to
2.208-2.245 where 55 & 100-DMAs are located.
JGB TECHS: (Z17) 150.28 Support Remains Key 
*RES 4: 150.67 - 55-DMA
*RES 3: 150.59 - High Oct 5
*RES 2: 150.53 - 100-DMA
*RES 1: 150.48 - Alternating hourly support/resistance
*PRICE: 150.40 @ 2030GMT
*SUP 1: 150.34 - Low Oct 11 
*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: Layers of resistance remain 150.48-150.67 where key DMAs are
situated. Bulls continue to look for a close above the 55-DMA to end bearish
hopes and shift immediate focus to 150.96-151.09. The 150.28 support is now key.
Bears look for a close below 150.28 to ease pressure on DMAs and to return focus
to 150.06-09. Correcting O/S daily studies are the key concern for bears but the
150.48-67 region remains key.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]

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