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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]
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