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MNI Asian Morning FI Technical Analysis

8 November 2017
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (Z17) Dips Below 200-DMA 
*RES 4: 98.200 - Repeated daily highs June 
*RES 3: 98.165 - 100-WMA 
*RES 2: 98.130 - Low June 20 now resistance 
*RES 1: 98.090 - Monthly Highs Aug 4 & 11
*PRICE: 98.040 @ 2030GMT
*SUP 1: 98.020 - Low Nov 7 
*SUP 2: 97.960 - Low Nov 1 
*SUP 3: 97.940 - Alternating hourly support/resistance 
*SUP 4: 97.900 - Low Oct 27
*COMMENTARY: Closes above both the 100 (97.972) and 200 (98.037) DMAs last week
add to the bullish case with focus now on 98.130-165 where the 100-WMA is
situated. Bulls need a close above the 100-WMA to initially focus on 98.200-240
and then 98.305-350. Bears now need a close below 98.020 to gain breathing room
and below 97.960 to shift focus back to 97.900-917 where the 55-DMA is located.
AUSSIE 10-YR TECHS: (Z17) Bullish Focus On 97.4500-5312 
*RES 4: 97.5200 - Low June 20 now resistance
*RES 3: 97.4899 - 100-WMA
*RES 2: 97.4500 - Monthly High Sept 8
*RES 1: 97.4150 - Hourly resistance Nov 7
*PRICE: 97.4000 @ 2030GMT
*SUP 1: 97.3725 - Hourly support Nov 3
*SUP 2: 97.3188 - 200-DMA
*SUP 3: 97.2600 - Low Nov 2
*SUP 4: 97.2522 - 55-DMA
*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
97.4500-5312 where 100 & 200-WMAs are situated. The Bollinger top (97.4053)
remains the key concern for bulls. Bears now need a close below 97.3725 to ease
immediate bullish pressure and below the 21-DMA (97.2440) to shift immediate
focus back to 97.1450.
US 10-YR FUTURE TECHS: (Z17) Above 125-16+ Threatens Key DMAs
*RES 4: 126-090 High Sept 18 
*RES 3: 126-04+ High Sept 25 
*RES 2: 125-24+ 100-DMA, 55-DMA, Bollinger band top 
*RES 1: 125-16+ Hourly support Oct 16 now resistance
*PRICE: 125-13+ @ 2030GMT
*SUP 1: 125-06+ Low Nov 7
*SUP 2: 125-02+ 21-DMA
*SUP 3: 124-28+ Hourly support Nov 1
*SUP 4: 124-23  Low Oct 30 now resistance
*COMMENTARY: Closes above the 21-DMA add support to the case for a correction
back to 125-16+/24+ 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
look for a close below 124-28+ to ease bullish pressure and below 124-23 to
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: Flirting With 200-DMA
*RES 4: 2.401 - High Nov 1 
*RES 3: 2.385 - Hourly support Nov 1 now resistance 
*RES 2: 2.365 - Hourly resistance Nov 2 
*RES 1: 2.340 - High Nov 7
*PRICE: 2.313 @ 2030GMT
*SUP 1: 2.278 - Low Oct 16 
*SUP 2: 2.268 - 55-DMA 
*SUP 3: 2.264 - 100-DMA 
*SUP 4: 2.245 - High Sept 26 now support
*COMMENTARY: The yield remains heavy with bears taking comfort in a dip below
the 200-DMA (2.312) adding weight to the case for a test of 2.245-278 where 55 &
100-DMAs are situated. Daily studies have room to move before O/S is an issue.
Layers of resistance remain and add to bearish confidence with bulls needing a
close above 2.365 to gain breathing room and above 2.419 to return initial focus
to 2.477 and overall focus to 2.544-580.
JGB TECHS: (Z17) Bears Need Close Below 150.86 
*RES 4: 151.51 - 2017 High Sept 8
*RES 3: 151.33 - High Sept 12
*RES 2: 151.21 - Low Sept 2 now resistance
*RES 1: 151.02 - High Nov 7
*PRICE: 150.99 @ 2030GMT
*SUP 1: 150.86 - Low Nov 7 
*SUP 2: 150.77 - Hourly resistance Nov 6 now support 
*SUP 3: 150.72 - 55-DMA 
*SUP 4: 150.54 - Hourly resistance Nov 2 now support
*COMMENTARY: The 21-DMA (150.47) supported last week and provided the base for a
rally that now sees immediate focus on 151.02-21 and then the 2017 high. Daily
studies approaching O/B and the Bollinger top (150.87) remain key concerns for
bulls. Layers of support remain with bears now needing a close below 150.86 to
gain breathing room and below the 55-DMA to shift focus back to 150.47-54.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]

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