MNI Asian Morning FI Technical Analysis

31 October 2017

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (Z17) 97.900 Support Now Key 

*RES 4: 98.090 - Monthly Highs Aug 4 & 11 

*RES 3: 98.050 - High Aug 30 

*RES 2: 98.036 - 200-DMA 

*RES 1: 97.981 - 100-DMA

*PRICE: 97.960 @ 2030GMT

*SUP 1: 97.940 - Alternating hourly support/resistance 

*SUP 2: 97.900 - Low Oct 27 

*SUP 3: 97.880 - High Oct 24 now support 

*SUP 4: 97.820 - Low Oct 6

*COMMENTARY: Dips back to 97.820 found support last week resulting in a rally

that now sees pressure on the 100-DMA following gains Monday. Bulls now look for

a close above the 100-DMA to shift focus to the 98.036-050 region where the

200-DMA is noted. The Bollinger top (97.959) is the key concern for bulls with

potential to limit follow through. Bears now need a close below 97.900 to ease

bullish pressure.

AUSSIE 10-YR TECHS: (Z17) Above 97.3525 Targets Sept High 

*RES 4: 97.4500 - Monthly High Sept 8

*RES 3: 97.3525 - Low Sept 12 now resistance

*RES 2: 97.3198 - Daily Bear channel top

*RES 1: 97.2900 - High Oct 30

*PRICE: 97.2850 @ 2030GMT

*SUP 1: 97.2600 - Hourly resistance Oct 30 now support

*SUP 2: 97.2200 - Highs Oct 25 & 26 now support

*SUP 3: 97.1650 - Low Oct 27

*SUP 4: 97.1450 - Hourly support Oct 12, Low Oct 23

*COMMENTARY: Having continued to find support at the 97.1450 level last week

bulls now focus on layers of resistance 97.3108-3525 where 100 & 200-DMAs and

the bear channel top are found. Bulls need a close above 97.3525 to confirm

breaks of key levels and to shift immediate focus to tests of 97.4500 Sept

highs. The Bollinger top (97.2700) is the key concern for bulls. Bears now need

a close below 97.2220 to ease bullish pressure and return focus to 97.1450.

US 10-YR FUTURE TECHS: (Z17) 21-DMA Resistance Key

*RES 4: 125-26+ 100-DMA 

*RES 3: 125-25+ High Oct 13 

*RES 2: 125-16+ Hourly support Oct 16 now resistance 

*RES 1: 125-03+ 21-DMA

*PRICE: 125-01 @ 2030GMT

*SUP 1: 124-30 Hourly resistance Oct 30 now support

*SUP 2: 124-23 Low Oct 30 now resistance

*SUP 3: 124-15 Hourly resistance Oct 26 now support

*SUP 4: 124-06 Low Oct 25

*COMMENTARY: The failure to take out 124-06 last week resulted in a bounce

Friday with gains Monday seeing immediate pressure return to the 21-DMA. Bulls

need a close above the 21-DMA to end bearish hopes and open up for a move back

to 125-25+/126-04+ where 55 & 100-DMAs are noted with above 125-16+ to confirm.

Bears now need a close below 124-23 to ease pressure on resistance layers and

return focus to 124-06.

US 10-YR YIELD TECHS: 2.352 Support Key Today

*RES 4: 2.445 - Hourly support Oct 26 now resistance 

*RES 3: 2.434 - Hourly resistance Oct 27 

*RES 2: 2.419 - Hourly support Oct 27 now resistance 

*RES 1: 2.385 - Hourly support Oct 30 now resistance

*PRICE: 2.368 @ 2030GMT

*SUP 1: 2.363 - Hourly support Oct 23 

*SUP 2: 2.355 - 21-DMA 

*SUP 3: 2.352 - High Oct 18 now support 

*SUP 4: 2.314 - 200-DMA

*COMMENTARY: The lack of topside follow-through in the latter half of last week

resulted in further losses Monday with bears now looking for a close below 2.352

to confirm a break of the bull channel base (2.379) & 21-DMA and shift focus

back to 2.248-2.273 where 55 & 100-DMAs are noted. The 200-DMA may support along

the way. Correcting O/B studies add weight to the bearish case. Bulls now need a

close above 2.445 to return initial focus to 2.477.

JGB TECHS: (Z17) 100-DMA Resistance Key Today 

*RES 4: 150.96 - High Sept 22

*RES 3: 150.71 - 55-DMA

*RES 2: 150.65 - Low Sept 20 now resistance

*RES 1: 150.50 - 100-DMA

*PRICE: 150.49 @ 2030GMT

*SUP 1: 150.38 - 21-DMA 

*SUP 2: 150.35 - Low Oct 27 

*SUP 3: 150.26 - Low Oct 25 

*SUP 4: 150.23 - Bollinger band

*COMMENTARY: Bulls take comfort in gains to start the week that have seen a

close above the 200-DMA (150.46) and immediate pressure on the 100-DMA. 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. Bears now look for a close

below the 21-DMA to ease pressure on the 100-DMA and return focus to tests of

150.06-08.

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

[TOPICS: MTABLE]