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MNI Asian Morning FI Technical Analysis

28 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 & 98.090 Levels Remain Key 
*RES 4: 98.200 - Repeated daily highs June 
*RES 3: 98.168 - 100-WMA 
*RES 2: 98.130 - Low June 20 now resistance 
*RES 1: 98.090 - Monthly Highs Aug 4 & 11, High Nov 24
*PRICE: 98.070 @ 2030GMT
*SUP 1: 98.039 - 21-DMA 
*SUP 2: 98.020 - Low Nov 16 & 17 
*SUP 3: 97.967 - 100-DMA 
*SUP 4: 97.960 - Low Nov 1
*COMMENTARY: Hesitation at the 98.090 resistance remains less than ideal for
bulls with a close above needed to reconfirm focus on 98.130-200 where the
100-WMA is situated. Key support remains at 98.020 with bears needing a close
below to ease bullish pressure and confirm a break of the 21-DMA. Below 97.960
is then needed to confirm a break of the 100-DMA with immediate pressure
shifting to 97.900-928 where the 55-DMA is noted.
AUSSIE 10-YR TECHS: (Z17) 97.5200-5266 Resistance Region Key 
*RES 4: 97.6100 - High June 27
*RES 3: 97.5221 - Low June 20 now resistance
*RES 2: 97.5266 - Low June 20 now resistance
*RES 1: 97.5200 - Low June 20 now resistance
*PRICE: 97.4600 @ 2030GMT
*SUP 1: 97.4400 - Hourly support Nov 22
*SUP 2: 97.3950 - Low Now 20
*SUP 3: 97.3898 - 21-DMA
*SUP 4: 97.3312 - 200-DMA
*COMMENTARY: The close above 97.4500 reconfirmed the bullish bias and saw
immediate focus back on 97.5200-5266 where the 200-WMA is situated. The daily
momentum study is well placed for a fresh leg higher. The Bollinger top
(97.5148) is currently the key concern for bulls. Bears still need a close below
97.4400 to ease bullish pressure and shift initial focus to 97.3898-3950 where
the 21-DMA is noted.
US 10-YR FUTURE TECHS: (Z17) 124-16 Support Key This Week
*RES 4: 125-20+ 100-DMA 
*RES 3: 125-09+ 55-DMA 
*RES 2: 125-07 High Nov 15 
*RES 1: 125-04 Repeated daily highs Nov
*PRICE: 125-03 @ 2030GMT
*SUP 1: 124-27 Low Nov 27
*SUP 2: 124-19 Lows Nov 21 & 22
*SUP 3: 124-16 Low Nov 14, Bollinger band base
*SUP 4: 124-06 Low Oct 25
*COMMENTARY: The 124-160 support confirmed significance last week with bears
needing a close below to initially pressure 124-03/06 where the LT weekly TL is
noted. 125-07/125-25+ where the bear channel top, 55 & 100-DMAs are located
remains key resistance. Overall bulls need a close above the 55-DMA to gain
breathing room and above 125-25+ to confirm a break of the 100-DMA, ending
bearish hopes and shifting immediate focus to 126-04+/09.
US 10-YR YIELD TECHS: 21-DMA Capping
*RES 4: 2.419 - Hourly support Oct 27 now resistance 
*RES 3: 2.386 - Hourly resistance Nov 14 
*RES 2: 2.379 - High Nov 16 
*RES 1: 2.356 - 21-DMA
*PRICE: 2.331 @ 2030GMT
*SUP 1: 2.319 - Low Nov 15 
*SUP 2: 2.317 - 55-DMA 
*SUP 3: 2.306 - 200-DMA 
*SUP 4: 2.282 - 100-DMA
*COMMENTARY: Bears take comfort in the 21-DMA capping to start the new week and
pressure remaining on the key 2.273-3.319 support region where 55, 100 &
200-DMAs are noted. Bears need a close below 2.273 to confirm breaks of these
level and shift immediate focus to 2.207. Bulls continue to look for a close
above 2.386 to ease bearish pressure and above 2.419 to return initial focus to
2.477.
JGB TECHS: (Z17) Bull Channel Base Pressured 
*RES 4: 151.33 - High Sept 12
*RES 3: 151.21 - Low Sept 2 now resistance
*RES 2: 151.13 - High Nov 24
*RES 1: 150.94 - Low Nov 24 now resistance
*PRICE: 150.93 @ 2030GMT
*SUP 1: 150.88 - High Nov 16 now support 
*SUP 2: 150.85 - Daily Bull channel base 
*SUP 3: 150.80 - 21-DMA 
*SUP 4: 150.68 - 55-DMA
*COMMENTARY: The topside failures ahead of 151.21 has left the contract looking
heavy and pressuring the bull channel base. Bears look for a close below the
21-DMA to confirm traction below the bull channel base and to shift initial
focus back to key DMAs 150.54-68. Bulls need a close above 150.94 to gain
breathing room and above 151.13 to return immediate pressure to 151.21.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]