MNI Asian Morning FI Technical Analysis

29 November 2017

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (Z17) 98.020-060 Support Region 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: 98.110 - High Nov 28

*PRICE: 98.080 @ 2030GMT

*SUP 1: 98.060 - Daily Lows Nov 

*SUP 2: 98.049 - 21-DMA 

*SUP 3: 98.020 - Low Nov 16 & 17 

*SUP 4: 97.969 - 100-DMA

*COMMENTARY: The break of the key 98.090 resistance has lacked follow through

and remains capped ahead of 98.130. Bulls now need a close above 98.130 to

initially target 98.168-200 and above 98.200 to shift focus to tests of 98.350

June highs. The 98.020-060 support region where 21 (98.049) & 200 (98.040) DMAs

are noted is now key. Bears need a close below 98.020 to ease bullish pressure

and shift focus back to 97.900-969.

AUSSIE 10-YR TECHS: (Z17) 97.4400 & 97.5200 Levels Key 

*RES 4: 97.6157 - Daily Bull channel top

*RES 3: 97.6100 - High June 27

*RES 2: 97.5200 - Low June 20 now resistance

*RES 1: 97.5050 - High Nov 28

*PRICE: 97.4800 @ 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. Bulls now look for a close above 97.5200 to

confirm focus on 97.6100-6750 where June highs are noted. The Bollinger top

(97.5155) is currently the key concern for bulls. Bears still need a close below

97.4400 to ease bullish pressure and shift initial focus to 97.3950-4014 where

the 21-DMA is noted.

US 10-YR FUTURE TECHS: (Z17) Remains Capped Ahead Of 55-DMA

*RES 4: 125-20+ 100-DMA 

*RES 3: 125-08+ 55-DMA 

*RES 2: 125-07+ High Nov 15 

*RES 1: 125-05+ Daily Bear channel top

*PRICE: 124-30 @ 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 failure ahead of the 55-DMA and marginal pop above the bear

channel top leave the contract looking a little heavy with pressure back on the

124-27 support. Overall the 124-16 support is key with bears needing a close

below to initially pressure 124-03/06 where the LT weekly TL is noted.

125-07+/125-25+ remains key resistance. Bulls need a close above the 55-DMA to

gain breathing room and above 125-25+ to shift immediate focus to 126-04+/09.

US 10-YR YIELD TECHS: 21-DMA Capping, 200-DMA Supporting

*RES 4: 2.386 - Hourly resistance Nov 14 

*RES 3: 2.379 - High Nov 16 

*RES 2: 2.362 - Daily Bear channel top 

*RES 1: 2.351 - 21-DMA

*PRICE: 2.337 @ 2030GMT

*SUP 1: 2.310 - Low Nov 28 

*SUP 2: 2.305 - 200-DMA 

*SUP 3: 2.282 - 100-DMA 

*SUP 4: 2.273 - Monthly Low Oct 13

*COMMENTARY: Bears take comfort in the 21-DMA capping to start the new week and

pressure remaining on the key 2.273-3.305 support region where 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 now look for a close above the 21-DMA to

ease immediate bearish pressure and above 2.386 hint at a move back to 2.477

with above 2.419 confirming.

JGB TECHS: (Z17) Bull Channel Base Confirms Significance 

*RES 4: 151.44 - Daily Bull channel top

*RES 3: 151.33 - High Sept 12

*RES 2: 151.21 - Low Sept 2 now resistance

*RES 1: 151.13 - High Nov 24

*PRICE: 151.03 @ 2030GMT

*SUP 1: 150.94 - Alternating support/resistance 

*SUP 2: 150.88 - High Nov 16 now support, Channel base 

*SUP 3: 150.83 - 21-DMA 

*SUP 4: 150.68 - 55-DMA

*COMMENTARY: The daily bull channel base off Oct 23 lows confirmed significance

with the contract bouncing from a dip back to this support and the 21-DMA noted

just below. Bulls continue to look for a close above 151.13 to shift immediate

focus to 151.21 and above this level to target the channel top. Bears need a

close below the 21-DMA to confirm traction below the bull channel base and shift

initial focus back to key DMAs 150.55-68.

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

[TOPICS: MTABLE]