MNI Asian Morning FI Technical Analysis

18 October 2017

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR FUTURE TECHS: (Z17) Hesitating Ahead Of Bear Channel Top 

*RES 4: 97.940 - 55-DMA 

*RES 3: 97.935 - Hourly resistance Sept 14 

*RES 2: 97.906 - Daily Bear channel top 

*RES 1: 97.890 - High Oct 16 & 17

*PRICE: 97.870 @ 2030GMT

*SUP 1: 97.860 - Low Oct 17 

*SUP 2: 97.835 - 21-DMA 

*SUP 3: 97.820 - Low Oct 6 

*SUP 4: 97.780 - Low Sept 28 & Oct 2

*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

and shift focus back to 97.720 2017 lows. A close above 97.950 is needed to

shift focus to 98.015-050 where 100 & 200-DMAs are noted.

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

*RES 4: 97.3166 - 200-DMA

*RES 3: 97.2757 - 55-DMA

*RES 2: 97.2304 - Bollinger band top

*RES 1: 97.2300 - Low July 26 now resistance

*PRICE: 97.2200 @ 2030GMT

*SUP 1: 97.1850 - Low Oct 17

*SUP 2: 97.1650 - Low Oct 13

*SUP 3: 97.1638 - 21-DMA

*SUP 4: 97.1450 - Hourly support Oct 12

*COMMENTARY: Pressure remains on key resistance levels with bulls needing a

close above 97.2300 to ease bearish pressure and to shift focus back to

97.2757-3166 where key DMAs are situated. Initial support is noted at 97.1850

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 96.9650-9706 where the bear

channel base is noted.

US 10-YR FUTURE TECHS: (Z17) Below 124-310 To Shift Focus Lower

*RES 4: 126-020 - 55-DMA 

*RES 3: 125-290 - 100-DMA 

*RES 2: 125-255 - High Oct 13 

*RES 1: 125-165 - Hourly support Oct 16 now resistance

*PRICE: 125-120 @ 2030GMT

*SUP 1: 125-100 - Alternating hourly support/resistance

*SUP 2: 125-050 - Hourly support Oct 11

*SUP 3: 124-310 - Hourly support Oct 9

*SUP 4: 124-287 - Bollinger band base

*COMMENTARY: The break of the 125-100 support lacked follow through Tuesday with

the contract bouncing from ahead of the 125-050 support. Bulls now need a close

above 125-165 to gain breathing room and return pressure to 125-250/126-090

where 55 & 100-DMAs are situated. Bears now look for a close below 124-310 to

confirm focus on tests of 124-140 July lows.

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: 2.310 - Hourly resistance Oct 17

*PRICE: 2.303 @ 2030GMT

*SUP 1: 2.296 - Low Oct 17 

*SUP 2: 2.278 - Low Oct 16 

*SUP 3: 2.245 - High Sept 26 now support 

*SUP 4: 2.237 - 100-DMA

*COMMENTARY: The lack of follow through on Friday's close below 21 (2.300) & 200

(2.314) DMAs is less than ideal for bears who are focused on 2.208-2.245 where

55 & 100-DMAs are noted. The spike higher Tuesday lacked follow through and

leaves the yield looking a little heavy. Bears now need a close below Tuesday's

low to add weight to the case. Bulls now need a close above 2.334 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. Bulls look for a close

above the 100-DMA to gain breathing room and 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. Daily studies correcting higher 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]