MNI Asian Morning FI Technical Analysis

10 November 2017

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (Z17) Bulls Focused On 98.130-164 

*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: 98.040 @ 2030GMT

*SUP 1: 98.010 - Low Nov 9 

*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 resulted in a dip below 98.020 only to bounce

from 98.010 to close above the 200-DMA (98.037) once more. Bears now look for a

close below 98.010 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) Below 97.3400 To Pressure 200-DMA 

*RES 4: 97.5200 - Low June 20 now resistance

*RES 3: 97.4897 - 100-WMA

*RES 2: 97.4500 - Monthly High Sept 8

*RES 1: 97.4250 - High Nov 8

*PRICE: 97.3850 @ 2030GMT

*SUP 1: 97.3400 - Low Nov 9

*SUP 2: 97.3202 - 200-DMA

*SUP 3: 97.2600 - Low Nov 2

*SUP 4: 97.2539 - 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 (97.4387)

remains the key concern for bulls. Bears now need a close below 97.3400 to ease

immediate bullish pressure and below the 55-DMA (97.2539) to shift immediate

focus back to 97.1450.

US 10-YR FUTURE TECHS: (Z17) 124-23+/125-01+ Support Key

*RES 4: 125-24+ Bollinger band top 

*RES 3: 125-23+ 100-DMA, 55-DMA 

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

*RES 1: 125-10+ High Nov 9

*PRICE: 125-06 @ 2030GMT

*SUP 1: 125-01+ Low Nov 9

*SUP 2: 124-28+ Hourly support Nov 1

*SUP 3: 124-23 Low Oct 30 now resistance

*SUP 4: 124-06 Low Oct 25

*COMMENTARY: The correction lower from the failure ahead of 125-16+ this week is

finding support around the 124-23/125-01+ support region. Bears need 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. Above 125-16+ is now needed to confirm initial focus on 55 & 100-DMAs.

US 10-YR YIELD TECHS: 2.304 & 2.365 Levels Key

*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: 2.345 - High Nov 9

*PRICE: 2.329 @ 2030GMT

*SUP 1: 2.304 - Low Nov 8 

*SUP 2: 2.278 - Low Oct 16 

*SUP 3: 2.273 - 55-DMA 

*SUP 4: 2.267 - 100-DMA

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

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

remain. Bulls need a close above 2.365 to confirm a break of the 21-DMA (2.355)

easing bearish pressure, 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: 150.94 @ 2030GMT

*SUP 1: 150.86 - Low Nov 7 

*SUP 2: 150.77 - Hourly resistance Nov 6 now support 

*SUP 3: 150.73 - 55-DMA 

*SUP 4: 150.54 - Hourly resistance Nov 2 now support

*COMMENTARY: The 21-DMA (150.52) 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 (151.00) remain key concerns for

bulls. Layers of support remain with bears still 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]