MNI Asian Morning FI Technical Analysis

26 October 2017

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (Z17) 97.880 Support Now Key 

*RES 4: 97.990 - 100-DMA 

*RES 3: 97.950 - Low Sept 13 now resistance 

*RES 2: 97.935 - High Sept 15 

*RES 1: 97.920 - 55-DMA

*PRICE: 97.900 @ 2030GMT

*SUP 1: 97.880 - High Oct 24 now support 

*SUP 2: 97.820 - Low Oct 6 

*SUP 3: 97.780 - Low Sept 28 & Oct 2 

*SUP 4: 97.760 - Hourly resistance Sept 21 now support

*COMMENTARY: Dips back to 97.820 have continued to find support this week

resulting in a rally and bullish close that sees focus now on 97.920-950 where

the 55-DMA is noted. Bulls need a close above 97.950 to confirm a break and

shift focus to 97.990-98.050 where 100 & 200-DMAs are located. The Bollinger top

(97.921) is the key concern for bulls. Bears now need a close below 97.880 to

ease immediate bullish pressure.

AUSSIE 10-YR TECHS: (Z17) 97.1450 Support Key Today 

*RES 4: 97.2585 - 55-DMA

*RES 3: 97.2500 - High Oct 18

*RES 2: 97.2400 - Hourly support Oct 18 now resistance

*RES 1: 97.2200 - High Oct 25

*PRICE: 97.1850 @ 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: Dips continue to find support at the 97.1450 level with bears

needing a close below 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 97.3147-3307 where the 100-DMA and bear

channel top are situated. Daily studies remain ideally place for a fresh leg

lower but 97.1450 & the 55-DMA remain key.

US 10-YR FUTURE TECHS: (Z17) Close Above 124-22 To Gain Breathing Room

*RES 4: 125-05+ Hourly support Oct 19 now resistance 

*RES 3: 125-01+ Hourly resistance Oct 20 

*RES 2: 124-28 Hourly support Oct 23 now resistance 

*RES 1: 124-22 High Oct 25

*PRICE: 124-16+ @ 2030GMT

*SUP 1: 124-23+ Hourly resistance Oct 25 now support

*SUP 2: 124-06 Low Oct 25

*SUP 3: 124-00+ Rising Weekly TL

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

*COMMENTARY: The sell-off Wednesday adds to bearish confidence although the lack

of follow through and proximity of the Bollinger base (124-21+) are concerns for

bears. In saying that, bulls now need a close above 124-22 to gain breathing

room and above the 21-DMA (125-06+) to return pressure to the key 125-16+

resistance. Bears currently focus on 123-15+/124-00+ where the daily bear

channel base and rising weekly TL are located.

US 10-YR YIELD TECHS: Topside Follow Through Lacking

*RES 4: 2.544 - High Mar 17 

*RES 3: 2.540 - Daily Bull channel top 

*RES 2: 2.475 - High Oct 25 

*RES 1: 2.448 - Hourly resistance Oct 25

*PRICE: 2.437 @ 2030GMT

*SUP 1: 2.428 - High Oct 24 now support 

*SUP 2: 2.394 - Hourly support Oct 24 

*SUP 3: 2.363 - Hourly support Oct 23 

*SUP 4: 2.350 - Hourly support Oct 20

*COMMENTARY: Fresh 7mth highs continue although the lack of topside follow

through is a concern. The Bollinger top (2.421) is the key concern for bulls and

currently limits follow through. Initial support is noted at Tuesday's high with

bears needing a close below to gain breathing room and increase the risk of a

correction back to 2.350. Overall below the 200-DMA (2.313) shifts focus back to

2.440-2.278. Bulls remain focused on 2.544-2.558.

JGB TECHS: (Z17) Narrowing Bollinger Bands Hint At Breakout 

*RES 4: 150.65 - Low Sept 20 now resistance

*RES 3: 150.50 - 100-DMA

*RES 2: 150.46 - 200-DMA

*RES 1: 150.37 - 21-DMA

*PRICE: 150.32 @ 2030GMT

*SUP 1: 150.26 - Low Oct 25 

*SUP 2: 150.19 - 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 150.46-50 where 100 & 200-DMAs are located. The 21-DMA capped Friday with

a close below 150.26 shifting focus to 150.06-08 this week. Below 150.06 shifts

overall focus back to 149.65 July lows. Bulls need a close above the 21-DMA to

return pressure to 150.46-51 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]