MNI Asian Morning FI Technical Analysis

21 November 2017

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (Z17) Topside Hesitation Continues 

*RES 4: 98.167 - 100-WMA 

*RES 3: 98.130 - Low June 20 now resistance 

*RES 2: 98.090 - Monthly Highs Aug 4 & 11 

*RES 1: 98.080 - Repeated Daily highs Nov

*PRICE: 98.040 @ 2030GMT

*SUP 1: 98.020 - Low Nov 16 & 17 

*SUP 2: 98.009 - 21-DMA 

*SUP 3: 97.965 - 100-DMA 

*SUP 4: 97.960 - Low Nov 1

*COMMENTARY: Hesitation ahead of the 98.090 resistance is less than ideal for

bulls with a close above needed to reconfirm focus on 98.130-167 where the

100-WMA is situated. Initial support is noted at 98.020 with bears needing a

close below to ease bullish pressure. Below the 97.960 support is then needed to

confirm breaks of 21 & 100-DMAs with immediate pressure then shifting to

97.900-922 where the 55-DMA is noted.

AUSSIE 10-YR TECHS: (Z17) 97.2590-3279 Support Region Key 

*RES 4: 97.5200 - Low June 20 now resistance

*RES 3: 97.5004 - 200-WMA

*RES 2: 97.4500 - Monthly High Sept 8

*RES 1: 97.4450 - High Nov 20

*PRICE: 97.4100 @ 2030GMT

*SUP 1: 97.3650 - Low Nov 17

*SUP 2: 97.3279 - 21-DMA

*SUP 3: 97.2904 - 100-DMA

*SUP 4: 97.2590 - 55-DMA

*COMMENTARY: Support continued to emerge on dips back to the 200-DMA (97.3247)

with bulls remaining focused on the break of 97.4500 to reconfirm a bullish

bias. Above 97.5200 remains needed to confirm focus on tests of 2017 highs.

Layers of support remain with bears needing a close below the 55-DMA to end

bullish hopes and shift focus back to 97.0600-1450.

US 10-YR FUTURE TECHS: (Z17) Bears Now Need Close Below 124-16

*RES 4: 125-20+ 100-DMA 

*RES 3: 125-15+ 55-DMA 

*RES 2: 125-07 High Nov 15 

*RES 1: 124-29 Hourly resistance Nov 20

*PRICE: 124-23 @ 2030GMT

*SUP 1: 124-16 Low Nov 14

*SUP 2: 124-11 Bollinger band base

*SUP 3: 124-06 Low Oct 25

*SUP 4: 124-02 Rising Weekly TL

*COMMENTARY: Failure to trouble the 125-07 resistance has left the contract

looking heavy with the break of 124-24+ seeing immediate focus back on the

124-16 support. Bears continue to look for a close below 124-16 to return focus

to the rising weekly TL. Bulls still need a close above 125-07 to gain breathing

room and above 125-25+ to confirm breaks of key DMAs, ending bearish hopes and

shifting immediate focus to 126-04+/09.

US 10-YR YIELD TECHS: 2.386-419 Resistance Key

*RES 4: 2.449 - Bollinger band top 

*RES 3: 2.434 - Hourly resistance Oct 27 

*RES 2: 2.419 - Hourly support Oct 27 now resistance 

*RES 1: 2.386 - Hourly resistance Nov 14

*PRICE: 2.368 @ 2030GMT

*SUP 1: 2.347 - Hourly support Nov 20 

*SUP 2: 2.319 - Low Nov 15 

*SUP 3: 2.307 - 200-DMA 

*SUP 4: 2.299 - 55-DMA

*COMMENTARY: The correction lower from the last week's high continues to find

support ahead of the 200-DMA with the 2.273-3.319 support region now key. 55,

100 & 200-DMAs are noted in this region with bears now needing a close below

2.273 to confirm breaks of key DMAs shifting immediate focus to 2.207. Bulls

continue to look for a close above 2.419 to return initial focus to 2.477 and

overall focus to 2.544-580.

JGB TECHS: (Z17) Bears Need Close Below 150.88 

*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: 150.97 @ 2030GMT

*SUP 1: 150.88 - High Nov 16 now support 

*SUP 2: 150.70 - 55-DMA 

*SUP 3: 150.68 - 21-DMA 

*SUP 4: 150.61 - Low Nov 14

*COMMENTARY: Dips found support ahead of key DMAs last week with the 55-DMA

providing the base for an aggressive rally Friday. Bulls remain focused on

151.07-151.21 with a close above to confirm focus on 2017 highs. Bears continue

to look for a close below 150.88 to ease bullish pressure and below the 200-DMA

(150.51) to end bullish hopes and shift focus back to 150.06-19.

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

[TOPICS: MTABLE]