MNI Asian Morning FI Technical Analysis

9 November 2017

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (Z17) 98.020 Support Remains Key 

*RES 4: 98.200 - Repeated daily highs June 

*RES 3: 98.164 - 100-WMA 

*RES 2: 98.130 - Low June 20 now resistance 

*RES 1: 98.090 - Monthly Highs Aug 4 & 11

*PRICE: 98.030 @ 2030GMT

*SUP 1: 98.020 - Low Nov 7 & 8 

*SUP 2: 97.960 - Low Nov 1 

*SUP 3: 97.940 - Alternating hourly support/resistance 

*SUP 4: 97.900 - Low Oct 27

*COMMENTARY: Topside hesitation is less than ideal for bulls given daily studies

looking to correct from O/B, waning momentum and the Bollinger top (98.099)

recently limiting follow through. Bears continue to look for 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. Bulls remain focused on 98.130-164 where the

100-WMA is situated.

AUSSIE 10-YR TECHS: (Z17) Bears Need Close Below 97.3725 

*RES 4: 97.5200 - Low June 20 now resistance

*RES 3: 97.4900 - 100-WMA

*RES 2: 97.4500 - Monthly High Sept 8

*RES 1: 97.4250 - High Nov 8

*PRICE: 97.4100 @ 2030GMT

*SUP 1: 97.3725 - Hourly support Nov 3

*SUP 2: 97.3196 - 200-DMA

*SUP 3: 97.2600 - Low Nov 2

*SUP 4: 97.2536 - 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

97.4500-5325 where 100 & 200-WMAs are situated. The Bollinger top (97.4258)

remains the key concern for bulls. Bears Still need a close below 97.3725 to

ease immediate bullish pressure and below the 55-DMA (97.2536) to shift

immediate focus back to 97.1450.

US 10-YR FUTURE TECHS: (Z17) Hesitating Ahead Of Key Resistance

*RES 4: 126-04+ High Sept 25 

*RES 3: 125-24+ 55-DMA, Bollinger band top 

*RES 2: 125-23+ 100-DMA 

*RES 1: 125-16+ Hourly support Oct 16 now resistance

*PRICE: 125-07 @ 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: Uncomfortable Below 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: 2.331 @ 2030GMT

*SUP 1: 2.304 - Low Nov 8 

*SUP 2: 2.278 - Low Oct 16 

*SUP 3: 2.271 - 55-DMA 

*SUP 4: 2.265 - 100-DMA

*COMMENTARY: Bears failed to capitalise on the marginal close below the 200-DMA

(2.312) with bulls taking comfort in Wednesday's recovery. Layers of resistance

remain with bulls needing a close above 2.365 to confirm a break of the 21-DMA

(2.356) and gain breathing room and above 2.419 to return initial focus to 2.477

and overall focus to 2.544-580. Bears now need a close below 2.304 to confirm a

break of the 200-DMA and target 2.245-278.

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: 151.07 - High Nov 8

*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 (150.50) supported last week and provided the base for a

rally that now sees immediate focus on 151.21 and then the 2017 high. Daily

studies approaching O/B and the Bollinger top (150.96) 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 150.48-54.

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

[TOPICS: MTABLE]