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MNI Asian Morning FI Technical Analysis

13 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: 97.948 - 55-DMA 
*RES 3: 97.935 - Hourly resistance Sept 14 
*RES 2: 97.920 - Daily Bear channel top 
*RES 1: 97.880 - Low Sept 14 now resistance
*PRICE: 97.850 @ 2030GMT
*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 97.920-948 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: 97.2805 - 55-DMA
*RES 3: 97.2332 - Bollinger band top
*RES 2: 97.2300 - Low July 26 now resistance
*RES 1: 97.2100 - Monthly Low July 20 now resistance
*PRICE: 97.1950 @ 2000GMT
*SUP 1: 97.1450 - Hourly support Oct 12
*SUP 2: 97.1100 - Low Oct 6
*SUP 3: 97.0900 - Low Oct 2
*SUP 4: 97.0750 - Low Sept 21
*COMMENTARY: Pressure has again returned to key resistance levels with bulls
needing a close above 97.2300 to confirm a break of the 21-DMA (97.1618), ease
bearish pressure and to shift focus back to 97.2805-3169 where key DMAs are
situated. Initial support is now noted at 97.1450 with bears needing a close
below to shift focus back to 97.0600-0900. Bears need a close below 97.0600 to
confirm focus on 96.9650-9816 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: 125-190 - High Oct 4 
*RES 2: 125-180 - 21-DMA 
*RES 1: 125-140 - High Oct 5 & 10
*PRICE: 125-120 @ 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 last Friday
was a concern for bears and resulted in a correction back to layers of
resistance 125-140/230. Bulls continue to look for a close above 125-230 to
initially shift focus to 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: 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: 2.323 @ 2030GMT
*SUP 1: 2.318 - 200-DMA 
*SUP 2: 2.296 - Low Sept 29 
*SUP 3: 2.286 - 21-DMA 
*SUP 4: 2.284 - Hourly support Sept 27a
*COMMENTARY: The lack of follow through on last week's 7mth highs has seen
pressure return to the 200-DMA with the 2.284-318 seen as key. Bears need a
close below 2.284 to confirm breaks of 21 & 200-DMAs and to shift immediate
focus to 2.208-2.245 where 55 (2.231) & 100 (2.236) DMAs are located. Resistance
layers are building once more with bulls now needing a close above 2.372 to ease
pressure on supports and above 2.437 to return overall focus to 2017 highs.
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: 150.37 @ 2030GMT
*SUP 1: 150.34 - Low Oct 11 & 12 
*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 remains
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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