MNI Asian Morning FI Technical Analysis

2 November 2017

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (Z17) 97.900-960 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: 97.970 @ 2030GMT

*SUP 1: 97.960 - Low Nov 1 

*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 took comfort is the break of the 100-DMA (97.976) although

follow through has so far been lacking. Bears now need a close below 97.940 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) Bear Channel Top Capping Rallies 

*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: 97.3125 - Daily Bear channel top

*PRICE: 97.2850 @ 2030GMT

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

*SUP 2: 97.2494 - 55-DMA

*SUP 3: 97.2200 - Highs Oct 25 & 26 now support

*SUP 4: 97.1650 - Low Oct 27

*COMMENTARY: The contract continues to flirt with 100 (97.3045) & 200 (97.3156)

only to remain capped at the bear channel top and pressuring the 55-DMA. Bears

now look for a close below the 55-DMA to shift immediate focus back to 97.1450

and overall focus back to 97.0600-0900. Bulls still 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 Remains Key

*RES 4: 125-25+ High Oct 13, 100-DMA 

*RES 3: 125-16+ Hourly support Oct 16 now resistance 

*RES 2: 125-04  High Nov 1 

*RES 1: 124-31+ Hourly support Nov 1 now resistance

*PRICE: 124-30 @ 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 marginal

breaks of the 21-DMA (125-01+). Bears continue to look for 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 125-04 to confirm a break of the 21-DMA and shift focus to 125-16+/27+

where 55 & 100-DMAs are noted.

US 10-YR YIELD TECHS: Supported Below 21-DMA

*RES 4: 2.434 - Hourly resistance Oct 27 

*RES 3: 2.419 - Hourly support Oct 27 now resistance 

*RES 2: 2.401 - High Nov 1 

*RES 1: 2.385 - Hourly support Nov 1 now resistance

*PRICE: 2.372 @ 2030GMT

*SUP 1: 2.349 - Low Nov 1 

*SUP 2: 2.314 - 200-DMA 

*SUP 3: 2.278 - Low Oct 16 

*SUP 4: 2.260 - 55-DMA

*COMMENTARY: The break of the 21-DMA (2.359) and the 2.352 support have so far

lacked follow through. Resistance layers accumulating adds weight to the bearish

case with a close below 2.349 now needed to shift immediate focus to the 200-DMA

and overall focus back to 2.245-2.278 where 55 & 100-DMAs are located. The 2.419

resistance remains key with bulls needing a close above to return initial focus

to 2.477 and overall focus to 2.544-580.

JGB TECHS: (Z17) Uncomfortable Above 100-DMA 

*RES 4: 150.96 - High Sept 22

*RES 3: 150.70 - 55-DMA

*RES 2: 150.65 - Low Sept 20 now resistance

*RES 1: 150.53 - High Nov 1

*PRICE: 150.45 @ 2030GMT

*SUP 1: 150.42 - Low Nov 1 

*SUP 2: 150.40 - 21-DMA 

*SUP 3: 150.35 - Low Oct 27 

*SUP 4: 150.26 - Low Oct 25

*COMMENTARY: Pops above the 100-DMA continue as does the lack of topside follow

through which is a concern for bulls who need a close above 150.53 now to shift

immediate focus to 150.56-70 where the 55-DMA is noted. Bears continue to look

for 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]