MNI Asian Morning FI Technical Analysis

20 October 2017

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (Z17) Bear Channel Top Caps, 97.820 Support Key 

*RES 4: 97.933 - 55-DMA 

*RES 3: 97.935 - Hourly resistance Sept 14 

*RES 2: 97.904 - Bollinger band top 

*RES 1: 97.897 - Daily Bear channel top

*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: The daily bear channel top is currently capping with the 97.897-950

region now key. Bulls need a close above 97.950 to confirm a break of the 55-DMA

and shift focus to 98.006-050 where 100 & 200-DMAs are situated. The recovery

from below the 21-DMA (97.844) is less than ideal for bears who still need a

close below 97.820 to shift focus back to 97.720 2017 lows.

AUSSIE 10-YR TECHS: (Z17) Capped Ahead Of 55-DMA 

*RES 4: 97.3165 - 200-DMA

*RES 3: 97.2710 - 55-DMA

*RES 2: 97.2500 - High Oct 18

*RES 1: 97.2400 - Hourly support Oct 18 now resistance

*PRICE: 97.2150 @ 2030GMT

*SUP 1: 97.1850 - Low Oct 17

*SUP 2: 97.1688 - 21-DMA

*SUP 3: 97.1650 - Low Oct 13

*SUP 4: 97.1450 - Hourly support Oct 12

*COMMENTARY: Pressure on 97.2300 resulted in a break higher this week only to be

rejected ahead of the 55-DMA and seeing focus now back on 97.1650-1850 supports.

Bears need a close below 97.1650 to see bears regain the upper hand and

immediate focus return to 97.0600-0900. Bulls still need a close above the

55-DMA to pressure layers of resistance 97.3165-3453 where 100 & 200-DMAs and

the bear channel top remain.

US 10-YR FUTURE TECHS: (Z17) 125-16+ Resistance Confirms Significance

*RES 4: 126-02+ 100-DMA 

*RES 3: 125-29+ 100-DMA 

*RES 2: 125-25+ High Oct 13 

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

*PRICE: 125-12 @ 2030GMT

*SUP 1: 125-05+ Hourly support Oct 19

*SUP 2: 125-01+ Low Oct 17

*SUP 3: 124-31  Hourly support Oct 9

*SUP 4: 124-28+ Bollinger band base

*COMMENTARY: The aggressive recovery from ahead of 125-01+ has so far remained

capped ahead of the 125-16+ resistance and the bear channel top (125-12+). Bulls

need a close above to ease bearish pressure and return focus to 125-25+/126-09

where 55 & 100-DMAs are situated. Bears now need a close below 125-05 to gain

breathing room and below 124-31 to confirm focus on 124-14/22+ where July lows

are situated.

US 10-YR YIELD TECHS: 2.278 Support Key

*RES 4: 2.402 - High Oct 6 

*RES 3: 2.372 - Hourly resistance Oct 6 

*RES 2: 2.355 - Hourly resistance Oct 11 

*RES 1: 2.332 - Hourly resistance Oct 19

*PRICE: 2.316 @ 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: 2.238 - 100-DMA

*COMMENTARY: The yield is looking a little heavy again following the failure to

gain traction above 21 (2.309) & 200 (2.313) DMAs and resistance layers

beginning to build. The 2.278 support remains key with bears needing a close

below to shift focus back to 2.208-245. Bulls need a close above 2.332 today to

gain breathing room and maintain focus on the 2.372-437 region. Above 2.437

remains needed to shift initial focus to 2.544-558.

JGB TECHS: (Z17) 150.26 & 100-DMA Levels Key Today 

*RES 4: 150.69 - 55-DMA

*RES 3: 150.52 - 100-DMA

*RES 2: 150.48 - Alternating hourly support/resistance

*RES 1: 150.47 - 21-DMA, 200-DMA

*PRICE: 150.41 @ 2030GMT

*SUP 1: 150.26 - Low Oct 19 

*SUP 2: 150.18 - Hourly support Oct 3 

*SUP 3: 150.08 - Low Oct 3, Bollinger band base 

*SUP 4: 150.06 - Low July 20

*COMMENTARY: Sideways trading continues with the contract capped ahead of DMAs

clustered 150.47-52 with bulls needing a close above the 55-DMA (150.69) to end

bearish hopes and shift immediate focus to 150.96-151.01. The 150.26 support is

now key. Bears need a close below this level to initially pressure 150.06-08 and

below this region to confirm focus on 2017 lows.

--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com

[TOPICS: MTABLE]