MNI Asian Morning FI Technical Analysis

27 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 Key 

*RES 4: 97.987 - 100-DMA 

*RES 3: 97.950 - Low Sept 13 now resistance 

*RES 2: 97.940 - High Oct 26 

*RES 1: 97.931 - Bollinger band top

*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 has so far remained capped ahead of

the key 97.950 resistance. Bulls need a close above 97.950 to shift focus to

97.987-98.050 where 100 & 200-DMAs are located. The Bollinger top is the key

concern for bulls. Bears still need a close below 97.880 to ease immediate

bullish pressure.

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

*RES 4: 97.2548 - 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: 97.1750 @ 2030GMT

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

*SUP 2: 97.1100 - Low Oct 6

*SUP 3: 97.1054 - 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 97.3143-3271 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) Below 124-00+ Targets 123-09+/10+

*RES 4: 125-01+ Hourly resistance Oct 20 

*RES 3: 124-28 Hourly support Oct 23 now resistance 

*RES 2: 124-23+ High Oct 26 

*RES 1: 124-13+ Hourly resistance Oct 26

*PRICE: 124-10 @ 2030GMT

*SUP 1: 124-06 Low Oct 25

*SUP 2: 124-00+ Rising Weekly TL

*SUP 3: 123-10+ Monthly Low Mar 10

*SUP 4: 123-09+ Daily Bear channel base B

*COMMENTARY: The failure to gain traction above 124-12+ has left the contract

looking heavy again with immediate focus on 124.00+/124-06 where the rising

weekly TL is located. Bears look for a close below to shift focus to

123-09+/123-10+ where the bear channel base is noted. Bulls now need a close

above 124-23+ to gain breathing room and above the 125-05+ to shift focus to

125-16+/30+ where 55 & 100-DMAs are situated.

US 10-YR YIELD TECHS: Focus Remains On 2.544-558

*RES 4: 2.558 - Low Mar 13 now resistance 

*RES 3: 2.550 - Daily Bull channel top 

*RES 2: 2.544 - High Mar 17 

*RES 1: 2.475 - High Oct 25

*PRICE: 2.463 @ 2030GMT

*SUP 1: 2.446 - Hourly support Oct 26 

*SUP 2: 2.408 - Low Oct 26 

*SUP 3: 2.394 - Hourly support Oct 24 

*SUP 4: 2.363 - Hourly support Oct 23

*COMMENTARY: Bears failed to trouble the 2.394 support Thursday with bulls

asserting dominance and now looking for a close above 2.475 to add support to

the case for a test of 2.544-558. Bulls need a close above 2.558 to confirm

focus on 2017 highs. The 2.394 support remains key. Bears need a close below

2.394 to ease bullish pressure and below the 21-DMA (2.347) to initially

pressure the 200-DMA (2.314) and hint at a correction back to 2.247-279.

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

*RES 4: 150.70 - 55-DMA

*RES 3: 150.65 - Low Sept 20 now resistance

*RES 2: 150.50 - 100-DMA

*RES 1: 150.46 - 200-DMA

*PRICE: 150.37 @ 2030GMT

*SUP 1: 150.36 - Low Oct 26 

*SUP 2: 150.26 - Low Oct 25 

*SUP 3: 150.21 - Bollinger band base 

*SUP 4: 150.08 - Low Oct 3

*COMMENTARY: Sideways trading defined most of last week with the contract capped

ahead 150.46-50 where 100 & 200-DMAs are located. Bulls need a close above the

100-DMA to ease bearish pressure and above the 55-DMA to end bearish hopes and

shift focus to 150.96-151.01. While 100 & 200-DMAs cap bears remain focused on

150.06-08 with below 150.06 shifting overall focus back to 149.65 July lows.

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

[TOPICS: MTABLE]