MNI Asian Morning FI Technical Analysis

24 October 2017

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (Z17) 97.888-950 Resistance Region Key 

*RES 4: 97.935 - Hourly resistance Sept 14 

*RES 3: 97.925 - 55-DMA 

*RES 2: 97.903 - Bollinger band top 

*RES 1: 97.888 - Daily Bear channel top

*PRICE: 97.860 @ 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 recently capped with the 97.888-950

resistance region key. Bulls need a close above 97.950 to confirm a break of the

55-DMA and shift focus to 97.997-98.050 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) 55-DMA Resistance Remains Key 

*RES 4: 97.3153 - 200-DMA

*RES 3: 97.2639 - 55-DMA

*RES 2: 97.2500 - High Oct 18

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

*PRICE: 97.1950 @ 2030GMT

*SUP 1: 97.1850 - Alternating Hourly support/resistance

*SUP 2: 97.1650 - Hourly support Oct 23

*SUP 3: 97.1450 - Hourly support Oct 12, Low Oct 23

*SUP 4: 97.1100 - Low Oct 6

*COMMENTARY: Bears have failed to capitalise on the sell-off to start the new

week with the bounce from below the 21-DMA (97.1724) less than ideal. The 55-DMA

is now key resistance with bulls needing a close above to shift focus to

97.3154-3380 where the 100-DMA and bear channel top are situated. Support layers

are building with bears now needing a close below 97.1450 to confirm focus on

97.0600-0900. Daily studies are well placed for further downside.

US 10-YR FUTURE TECHS: (Z17) 125-01+/16+ Resistance Region Key

*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: 124-31 @ 2030GMT

*SUP 1: 124-22+ Low Oct 6, Bollinger band base

*SUP 2: 124-14+ Monthly Lows July 6 & 7

*SUP 3: 124-12+ Daily Bear channel base A

*SUP 4: 123-17+ 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 (125-07+). Layers of

resistance are adding weight to the bearish case. Bulls need a close above

125-05+ to gain breathing room and above 125-16+ to 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: Topside Hesitation Less Than Ideal

*RES 4: 2.544 - High Mar 17 

*RES 4: 2.437 - High Mar 23 

*RES 3: 2.423 - Monthly High Aug May 11 

*RES 1: 2.402 - High Oct 6, Bollinger band top

*PRICE: 2.372 @ 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: Hesitation ahead of the 2.402 resistance have left a double daily

top in place with the Bollinger band top noted just above. Bulls currently focus

on the 2.402-437 resistance region this week and need a close above to shift

initial focus to 2.544-558. The 2.332-350 support region is key 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) Layers of Resistance 150.39-70 

*RES 4: 150.51 - 100-DMA

*RES 3: 150.46 - 200-DMA

*RES 2: 150.42 - 21-DMA

*RES 1: 150.39 - Hourly support Oct 20 now resistance

*PRICE: 150.35 @ 2030GMT

*SUP 1: 150.28 - Hourly support Oct 23 

*SUP 2: 150.10 - Bollinger band base 

*SUP 3: 150.08 - Low Oct 3 

*SUP 4: 150.06 - Low July 20

*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 need a close above 150.39 to return pressure to 150.43-51 and above the

55-DMA (150.70) to end bearish hopes and target 150.96-151.01.

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

[TOPICS: MTABLE]