MNI Asian Morning FI Technical Analysis

25 October 2017

By Kyle Shortland

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

http://tinyurl.com/phluope

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

*RES 4: 97.921 - 55-DMA 

*RES 3: 97.904 - Bollinger band top 

*RES 2: 97.883 - Daily Bear channel top 

*RES 1: 97.880 - High Oct 24

*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 has again capped with the 97.880-950

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

55-DMA and shift focus to 97.993-98.050 where 100 & 200-DMAs are situated. The

97.820 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) 97.1450 Support Key Today 

*RES 4: 97.2500 - High Oct 18

*RES 3: 97.2400 - Hourly support Oct 18 now resistance

*RES 2: 97.2150 - High Oct 24

*RES 1: 97.1900 - Hourly support Oct 24 now resistance

*PRICE: 97.1600 @ 2030GMT

*SUP 1: 97.1450 - Hourly support Oct 12, Low Oct 23

*SUP 2: 97.1100 - Low Oct 6

*SUP 3: 97.0971 - Bollinger band base

*SUP 4: 97.0900 - Low Oct 2

*COMMENTARY: The recovery from a dip below the 21-DMA (97.1707) failed to

trouble the 55-DMA with the contract again looking heavy. Bears look for a close

below 97.1450 to reconfirm focus on 97.0600-0900 and below 97.0600 to shift

focus to 96.9520-9800. The 55-DMA remains key resistance with bulls needing a

close above to shift focus to 97.3148-3344 where the 100-DMA and bear channel

top are situated.

US 10-YR FUTURE TECHS: (Z17) Bears Now Need Close Below 124-14

*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: 124-20+ @ 2030GMT

*SUP 1: 124-18  Low Oct 6

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

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

*SUP 4: 123-15+ Daily Bear channel base B

*COMMENTARY: Resistance layers continue to build and weigh on the pair following

last week's failure ahead of the 125-16+ resistance and the bear channel top

(125-04+) last week. 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 initially focus on 124-12+/14 and then the channel base

(123-15+) off Sept highs.

US 10-YR YIELD TECHS: Above 2.437 Targets 2017 Highs

*RES 4: 2.558 - Low Mar 13 now resistance 

*RES 3: 2.544 - High Mar 17 

*RES 2: 2.530 - Daily Bull channel top 

*RES 1: 2.437 - High Mar 23

*PRICE: 2.426 @ 2030GMT

*SUP 1: 2.394 - Hourly support Oct 24 

*SUP 2: 2.363 - Hourly support Oct 23 

*SUP 3: 2.350 - Hourly support Oct 20 

*SUP 4: 2.332 - Alternating hourly support/resistance

*COMMENTARY: Bulls take comfort in fresh 7mth highs following the bounce from

ahead of the 2.332-350 support region that sees immediate pressure on Mar 23

highs. Bulls now need a close above this level to shift immediate focus to

2.544-558 and overall focus back to tests of 2017 highs (2.628). Support layers

are building with bears needing a close below 2.350 to ease bullish pressure and

below the 200-DMA (2.313) to shift focus back to 2.241-278.

JGB TECHS: 

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

[TOPICS: MTABLE]