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MNI Asian Morning FI Technical Analysis

23 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: 97.935 - Hourly resistance Sept 14 
*RES 3: 97.928 - 55-DMA 
*RES 2: 97.902 - Bollinger band top 
*RES 1: 97.893 - Daily Bear channel top
*PRICE: 97.840 @ 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 97.893-950
region now key. Bulls need a close above 97.950 to confirm a break of the 55-DMA
and shift focus to 98.001-050 where 100 & 200-DMAs are situated. The 87.820
support remains key. Bears continue to look for a close below this level to
shift focus back to 2017 lows. Daily studies are well placed for further losses.
AUSSIE 10-YR TECHS: (Z17) Closes Below 21-DMA 
*RES 4: 97.2500 - High Oct 18
*RES 3: 97.2400 - Hourly support Oct 18 now resistance
*RES 2: 97.1850 - Low Oct 17 now resistance
*RES 1: 97.1702 - 21-DMA
*PRICE: 97.1550 @ 2030GMT
*SUP 1: 97.1450 - Hourly support Oct 12
*SUP 2: 97.1100 - Low Oct 6
*SUP 3: 97.0900 - Low Oct 2
*SUP 4: 97.0750 - Low Sept 21
*COMMENTARY: Pressure on 97.2300 resulted in a break higher last week only to be
rejected ahead of the 55-DMA with Friday's close below the 21-DMA adding weight
to the case for a move back to 97.0600-1100. A close below 97.0600 is needed to
confirm focus on 96.9600-9800 where the bear channel base is noted. Bulls now
need a close above 97.1850 to gain breathing room and above the 55-DMA (97.2669)
to shift focus higher.
US 10-YR FUTURE TECHS: (Z17) Bears Focused On July Low
*RES 4: 125-25+ High Oct 13 
*RES 3: 125-16+ Hourly support Oct 16 now resistance 
*RES 2: 125-05+ Hourly support Oct 19 now resistance 
*RES 1: 125-01+ Hourly resistance Oct 20
*PRICE: 124-26+ @ 2030GMT
*SUP 1: 124-25+ Bollinger band base
*SUP 2: 124-22+ Low Oct 6
*SUP 3: 124-13+ Daily Bear channel base A
*SUP 4: 123-20+ Daily Bear channel base B
*COMMENTARY: The aggressive recovery from ahead of 125-01+ remained capped ahead
of the 125-16+ resistance and the bear channel top (125-10+). Layers of
resistance building is adding weight to the bearish case. Bulls need a close
above 125-16+ to ease bearish pressure and return focus to 125-25+/126-09 where
55 & 100-DMAs are situated. Bears remain focused on 124-14/22+ this week where
July lows are situated.
US 10-YR YIELD TECHS: Focus On 2.402-437
*RES 4: 2.437 - High Mar 23 
*RES 3: 2.423 - Monthly High Aug May 11 
*RES 2: 2.402 - High Oct 6 
*RES 1: 2.392 - High Oct 20
*PRICE: 2.381 @ 2030GMT
*SUP 1: 2.350 - Hourly support Oct 20 
*SUP 2: 2.332 - Alternating hourly support/resistance 
*SUP 3: 2.296 - Low Oct 17 
*SUP 4: 2.278 - Low Oct 16
*COMMENTARY: The 2.278 support confirmed significance with the yield supported
on dips back towards this level retaining bullish control. Focus remains on the
2.402-437 resistance region this week with bulls needing a close above to shift
initial focus to 2.544-558. The 2.332-350 support region is key today with bears
needing a close below to ease bullish pressure and see pressure back on the key
2.278 support below which targets 2.208-245.
JGB TECHS: (Z17) Focus Shifts To 150.06-08 
*RES 4: 150.46 - 200-DMA
*RES 3: 150.43 - 21-DMA
*RES 2: 150.39 - Hourly support Oct 20 now resistance
*RES 1: 150.34 - Hourly resistance Oct 20
*PRICE: 150.24 @ 2030GMT
*SUP 1: 150.18 - Hourly support Oct 3 
*SUP 2: 150.08 - Low Oct 3 
*SUP 3: 150.06 - Low July 20, Bollinger band base 
*SUP 4: 149.92 - Low July 14
*COMMENTARY: Sideways trading defined most of last week with the contract capped
ahead of layers of resistance 150.46-51 where 100 & 200-DMAs are located. The
21-DMA capped Friday with a close below 150.26 shifting focus to 150.06-08
supports this week. Below 150.06 shifts overall focus back to 149.65 July lows.
Bulls now need a close above 150.39 to return pressure to 150.43-51. Daily
studies are well placed for a fresh leg lower.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]

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