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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]

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