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Free AccessMNI Asian Morning FI Technical Analysis
17 October 2017
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (Z17) Topside Break Lacks Follow Through
*RES 4: 97.942 - 55-DMA
*RES 3: 97.935 - Hourly resistance Sept 14
*RES 2: 97.911 - Daily Bear channel top
*RES 1: 97.890 - High Oct 16
*PRICE: 97.870 @ 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: Support emerging ahead of 87.820 last week has provided the base
for a break of the 97.880 resistance although follow through has been lacking
with the contract capped ahead of the bear channel top. The 97.820 support
remains key. Bears need a close below 97.820 to confirm a break of the 21-DMA
(97.830) and shift focus back to 97.720 2017 lows. A close above 97.950 is
needed to shift focus to 98.019-050 where 100 & 200-DMAs are noted.
AUSSIE 10-YR TECHS: (Z17) 97.2300 Resistance Remains Key
*RES 4: 97.2769 - 55-DMA
*RES 3: 97.2300 - Low July 26 now resistance
*RES 2: 97.2205 - 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: 97.1602 - 21-DMA
*SUP 3: 97.1450 - Hourly support Oct 12
*SUP 4: 97.1100 - Low Oct 6
*COMMENTARY: Pressure returned to key resistance levels with bulls needing a
close above 97.2300 to ease bearish pressure and to shift focus back to
97.2769-3165 where key DMAs are situated. Initial support is 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 96.9650-9743 where the bear
channel base is noted.
US 10-YR FUTURE TECHS: (Z17) Bears Need Close Below 125-100
*RES 4: 126-020 - 55-DMA
*RES 3: 125-290 - 100-DMA
*RES 2: 125-255 - High Oct 13
*RES 1: 125-160 - Hourly support Oct 16 now resistance
*PRICE: 125-160 @ 2030GMT
*SUP 1: 125-100 - Low Oct 13
*SUP 2: 125-050 - Hourly support Oct 11
*SUP 3: 124-310 - Hourly support Oct 9
*SUP 4: 124-280 - Bollinger band base
*COMMENTARY: The close above the 21-DMA (125-160) 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. The sell-off Monday was less than ideal and
saw bears gain breathing room, but a close below 125-100 remains needed to shift
focus back to Oct lows so far at 124-220.
US 10-YR YIELD TECHS: Focus on 2.208-2.245
*RES 4: 2.372 - Hourly resistance Oct 6
*RES 3: 2.355 - Hourly resistance Oct 11
*RES 2: 2.334 - High Oct 13
*RES 1: 2.315 - 200-DMA
*PRICE: 2.302 @ 0430GMT
*SUP 1: 2.278 - Low Oct 16
*SUP 2: 2.245 - High Sept 26 now support
*SUP 3: 2.236 - 100-DMA
*SUP 4: 2.231 - 55-DMA
*COMMENTARY: Pressure on the 200-DMA took its toll with a break and close below
the 200 & 21 (2.294) DMAs and the key 2.284 support Friday that sees bears
initially focused on 2.208-2.245 where 55 & 100-DMAs are noted. Correcting O/B
studies add weight to the bearish case. Bulls continue to look for 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: 150.39 @ 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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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.