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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: 97.945 - 55-DMA 
*RES 3: 97.935 - Hourly resistance Sept 14 
*RES 2: 97.915 - 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: Bulls take comfort in support emerging ahead of 97.820 last week
with bears currently needing a close below 97.820 to confirm a break below the
21-DMA (97.827) and reconfirm focus on 97.720-770. The 97.880 resistance remains
key. Bulls need a close above 97.880 to target 97.915-948 where the 55-DMA and
the bear channel top are located. Narrowing Bollinger bands hint at a breakout
in the near future.
AUSSIE 10-YR TECHS: (Z17) 97.2300 Resistance Remains Key 
*RES 4: 97.2780 - 55-DMA
*RES 3: 97.2300 - Low July 26 now resistance
*RES 2: 97.2108 - Bollinger band top
*RES 1: 97.2100 - Monthly Low July 20 now resistance
*PRICE: 97.2000 @ 2030GMT
*SUP 1: 97.1650 - Low Oct 13
*SUP 2: 97.1576 - 21-DMA
*SUP 3: 97.1450 - Hourly support Oct 12
*SUP 4: 97.1100 - Low Oct 6
*COMMENTARY: Pressure has again returned to key resistance levels with bulls
needing a close above 97.2300 to ease bearish pressure and to shift focus back
to 97.2780-3168 where key DMAs are situated. Initial support is now noted at
97.1650 with bears needing a close below 97.1450 to shift focus back to
97.0600-0900. Bears need a close below 97.0600 to confirm focus on 96.9650-9779
where the bear channel base is noted.
US 10-YR FUTURE TECHS: (Z17) Bulls Focused On 125-290/126-09
*RES 4: 126-040 - Highs Sept 25 & 26 
*RES 3: 126-030 - 55-DMA 
*RES 2: 125-290 - 100-DMA 
*RES 1: 125-250 - High Oct 13
*PRICE: 125-220 @ 2030GMT
*SUP 1: 125-180 - Hourly support Oct 13
*SUP 2: 125-150 - Hourly resistance Oct 13 now support
*SUP 3: 125-100 - Low Oct 13
*SUP 4: 125-050 - Hourly support Oct 11
*COMMENTARY: The close above the 21-DMA (125-170) Friday sees bulls now focused
on the 125-290/090 region where 55 & 100-DMAs are situated after correcting O/S
studies provided support last week. Layers of support are accumulating and also
adding to bullish confidence. bears now look for a close below 125-150 to ease
renewed bullish pressure and below 125-100 to shift focus back to 124-220.
US 10-YR YIELD TECHS: Focus on 2.208-2.245
*RES 4: 2.355 - Hourly resistance Oct 11 
*RES 3: 2.334 - High Oct 13 
*RES 2: 2.316 - 200-DMA 
*RES 1: 2.302 - Hourly resistance Oct 13
*PRICE: 2.280 @ 2030GMT
*SUP 1: 2.245 - High Sept 26 now support 
*SUP 2: 2.236 - 100-DMA 
*SUP 3: 2.231 - 55-DMA 
*SUP 4: 2.208 - Low Sept 18
*COMMENTARY: Pressure on the 200-DMA took its toll with a break and close below
the 200 & 21 (2.290) DMAs and the key 2.284 support that now sees immediate
pressure having shifted to 2.208-2.245 where 55 & 100-DMAs are noted. Correcting
O/B studies add weight to the bearish case. Bulls now need a close above the
200-DMA to ease immediate bearish pressure and above 2.402 to return initial
focus to 2.437.
JGB TECHS: (Z17) 150.28 Support Remains Key 
*RES 4: 150.68 - 55-DMA
*RES 3: 150.59 - High Oct 5
*RES 2: 150.53 - 100-DMA
*RES 1: 150.48 - Alternating hourly support/resistance
*PRICE: 150.44 @ 2030GMT
*SUP 1: 150.31 - Low Oct 13 
*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 150.48-150.68 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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