MNI Asian Morning FI Technical Analysis

3 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 Key 

*RES 4: 98.130 - Low June 20 now resistance 

*RES 3: 98.090 - Monthly Highs Aug 4 & 11 

*RES 2: 98.050 - High Aug 30 

*RES 1: 98.036 - 200-DMA

*PRICE: 98.010 @ 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 in the break of the 100-DMA (97.974) with

immediate focus currently on 98.036-050. Bulls now look for a close above 98.050

to confirm a break of the 200-DMA and above 98.130 to shift focus back to 2017

highs. 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.

AUSSIE 10-YR TECHS: (Z17) Bullish Focus Shifts To 97.4500-5524 

*RES 4: 97.5524 - 200-WMA

*RES 3: 97.5200 - Low June 20 now resistance

*RES 2: 97.4864 - 100-WMA

*RES 1: 97.4500 - Monthly High Sept 8

*PRICE: 97.3500 @ 2030GMT

*SUP 1: 97.3163 - 200-DMA

*SUP 2: 97.2600 - Low Nov 2

*SUP 3: 97.2495 - 55-DMA

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

*COMMENTARY: Pressure on key resistance layers took its toll with a close above

100 & 200-DMAs and the bear channel top seeing bullish focus shift to

97.4500-5524 where 100 & 200-WMAs are situated. The Bollinger top (97.3306)

remains the key concern for bulls. Bears now need a close below the 200-DMA to

ease immediate bullish pressure and below the 21-DMA (97.2169) to shift

immediate focus back to 97.1450.

US 10-YR FUTURE TECHS: (Z17) Focus Shifts To 125-16+/26+

*RES 4: 125-26+ 55-DMA 

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

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

*RES 1: 125-13+ Daily Bear channel top

*PRICE: 125-04+ @ 2030GMT

*SUP 1: 124-28+ Hourly support Nov 1

*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 close above the 21-DMA (125-01+) adds support to the case for a

correction back to 125-16+/26+ where 100 & 55-DMAs are situated. A close above

the 55-DMA is needed to hint at a move back to 126-25 with above 126-09 to

confirm. 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.

US 10-YR YIELD TECHS: 10-YR YIELD TECHS: Immediate Focus On 200-DMA

*RES 4: 2.419 - Hourly support Oct 27 now resistance 

*RES 3: 2.401 - High Nov 1 

*RES 2: 2.385 - Hourly support Nov 1 now resistance 

*RES 1: 2.365 - Hourly resistance Nov 2

*PRICE: 2.347 @ 2030GMT

*SUP 1: 2.314 - 200-DMA 

*SUP 2: 2.278 - Low Oct 16 

*SUP 3: 2.271 - Bollinger band base 

*SUP 4: 2.261 - 55-DMA

*COMMENTARY: The yield is looking a little heavy with focus having shifted to

the 200-DMA. Bears now look for a close below the 200-DMA to confirm initial

focus on 2.245-2.278 where 55 & 100-DMAs are located. Layers of resistance

accumulating are weighing with bulls needing a close above 2.401 to gain

breathing room and above 2.419 to return initial focus to 2.477 and overall

focus to 2.544-580. Daily studies are well placed for further losses.

JGB TECHS: (Z17) 55-DMA Resistance Now Key 

*RES 4: 151.21 - Low Sept 2 now resistance

*RES 3: 151.01 - Low Aug 31 now resistance

*RES 2: 150.96 - High Sept 22

*RES 1: 150.70 - 55-DMA

*PRICE: 150.60 @ 2030GMT

*SUP 1: 150.54 - Hourly resistance Nov 2 now support 

*SUP 2: 150.42 - Low Nov 1 

*SUP 3: 150.41 - 21-DMA 

*SUP 4: 150.35 - Low Oct 27

*COMMENTARY: The close above the 100-DMA sees bulls shift immediate focus to the

55-DMA with a close above to confirm a move initially targeting 150.96-151.01.

Support layers accumulating add to bullish confidence with bears now needing a

close below the 21-DMA to shift focus back to 150.19. Daily studies approaching

O/B are the key concern for bulls.

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

[TOPICS: MTABLE]