MNI Asian Morning FI Technical Analysis

1 November 2017

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (Z17) 97.900-970 Support Region 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: 98.000 - High Oct 31

*PRICE: 97.980 @ 2030GMT

*SUP 1: 97.970 - High Oct 30 now support 

*SUP 2: 97.940 - Alternating hourly support/resistance 

*SUP 3: 97.900 - Low Oct 27 

*SUP 4: 97.880 - High Oct 24 now support

*COMMENTARY: Bulls take comfort is the break of the 100-DMA (97.979) although

follow through has so far been lacking. Bears need a close below 97.970 today to

ease bullish pressure and below 97.900 to shift initial focus back to 97.820 and

overall focus back to 97.720 2017 lows. Bulls now focus on 98.036-050 where the

200-DMA is noted with a close above 98.050 to then pressure the 98.090-130

resistance region.

AUSSIE 10-YR TECHS: (Z17) Capped Around Bear Channel Top 

*RES 4: 97.5200 - Low June 20 now resistance

*RES 3: 97.4500 - Monthly High Sept 8

*RES 2: 97.3525 - Low Sept 12 now resistance

*RES 1: 97.3198 - Daily Bear channel top

*PRICE: 97.2950 @ 2030GMT

*SUP 1: 97.2900 - Hourly support Oct 31

*SUP 2: 97.2600 - Hourly resistance Oct 30 now support

*SUP 3: 97.2511 - 55-DMA

*SUP 4: 97.2200 - Highs Oct 25 & 26 now support

*COMMENTARY: The rally saw the contract flirting with 100 (97.3083) & 200

(97.3156) only to remain capped at the bear channel top and pressuring initial

support. Bears look for a close below 97.2900 to ease pressure on the channel

top and below the 55-DMA to shift immediate focus back to 97.1450 and overall

focus back to 97.0600-0900. 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.

US 10-YR FUTURE TECHS: (Z17) 124-23 Support Key Today

*RES 4: 125-28+ 55-DMA 

*RES 3: 125-25+ High Oct 13, 100-DMA 

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

*RES 1: 125-03+ High Oct 31

*PRICE: 124-29 @ 2030GMT

*SUP 1: 124-23 Low Oct 30 now resistance

*SUP 2: 124-15 Hourly resistance Oct 26 now support

*SUP 3: 124-06 Low Oct 25

*SUP 4: 124-00+ Rising Weekly TL

*COMMENTARY: Bears take comfort in the failure to gain traction on a marginal

break of the 21-DMA (125-02+) with it looking heavy as a result. Bears now need

a close below 124-23 to gain breathing room and reconfirm immediate focus on the

124-00+/06 support region where the rising weekly TL off 2017 Lows is noted.

Bulls now need a close above 125-03+ to confirm a break of the 21-DMA and shift

focus to 125-16+/28+ where 55 & 100-DMAs are noted.

US 10-YR YIELD TECHS: 2.352 & 2.419 Levels Key

*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 sup Oct 30 now res, High Oct 31

*PRICE: 2.376 @ 2030GMT

*SUP 1: 2.358 - 21-DMA 

*SUP 2: 2.352 - High Oct 18 now support 

*SUP 3: 2.314 - 200-DMA 

*SUP 4: 2.278 - Low Oct 16

*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 (2.389) & 21-DMA and shift focus

back to 2.245-2.278 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 2.419 to ease bearish pressure.

JGB TECHS: (Z17) Topside Follow Through Lacking 

*RES 4: 150.96 - High Sept 22

*RES 3: 150.71 - 55-DMA

*RES 2: 150.65 - Low Sept 20 now resistance

*RES 1: 150.52 - High Oct 31

*PRICE: 150.49 @ 2030GMT

*SUP 1: 150.44 - Low Oct 31 

*SUP 2: 150.39 - 21-DMA 

*SUP 3: 150.35 - Low Oct 27 

*SUP 4: 150.26 - Low Oct 25

*COMMENTARY: Bulls managed a pop above the 100-DMA (150.50) Tuesday and despite

closing above the 200-DMA (150.47) follow through has been lacking. Bulls now

look for a close above 150.52 to confirm a break of the 100-DMA and initially

target 150.65-71 where the 55-DMA is located. Bears now need a close below the

21-DMA to ease pressure on resistance layers and shift immediate focus back to

150.19 and overall focus to 150.06-08.

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

[TOPICS: MTABLE]