MNI Asian Morning FI Technical Analysis

4 December 2017

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (Z17) 200-DMA Supporting For Now 

*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 & 29

*PRICE: 98.050 @ 2030GMT

*SUP 1: 98.041 - 200-DMA 

*SUP 2: 98.020 - Low Nov 16 & 17 

*SUP 3: 98.012 - Bollinger band base 

*SUP 4: 97.971 - 100-DMA

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

and remains capped ahead of 98.130. Bulls 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.

Pressure has returned to key supports with the 200-DMA currently pressured.

Bears need a close below 98.020 to confirm a break of the 200-DMA and shift

focus back to 97.900-970.

AUSSIE 10-YR TECHS: (Z17) 21-DMA Support Key Today 

*RES 4: 97.6496 - Daily Bull channel top

*RES 3: 97.6100 - High June 27

*RES 2: 97.5213 - Bollinger band top

*RES 1: 97.5200 - Low June 20 now resistance

*PRICE: 97.4500 @ 2030GMT

*SUP 1: 97.4400 - Hourly support Nov 22

*SUP 2: 97.4271 - 21-DMA

*SUP 3: 97.3950 - Low Now 20

*SUP 4: 97.3377 - 200-DMA

*COMMENTARY: 97.5200 has capped the rally from Oct lows so far with the contract

looking a little heavy having closed marginally below the bull channel base

(97.4620). Bears now need a close below the 21-DMA to confirm an easing of

bullish pressure and below 97.3950 to shift focus to97.2550-3377 where key DMAs

are noted. Correcting modestly O/B studies is less than ideal. Bulls need a

close above 97.5200 to confirm focus on 97.6100-6750 where June highs are noted.

US 10-YR FUTURE TECHS: (H18) 55-DMA Continues To Cap

*RES 4: 125-06+ Monthly high Nov 8, Bollinger top 

*RES 3: 125-00 High Nov 28 

*RES 2: 124-27+ 55-DMA 

*RES 1: 124-19 Low Nov 27 now resistance

*PRICE: 124-13 @ 2030GMT

*SUP 1: 124-09 Hourly resistance Dec 1 now support

*SUP 2: 123-27 Lows Oct 25 & 27

*SUP 3: 123-25 Low Mar 30

*SUP 4: 123-10+ Daily Bear channel base

*COMMENTARY: A volatile end to the week saw the contract almost trade the week's

range on the day only to remain capped around the 55-DMA and ahead of the bear

channel top (124-28+). This week bulls look for a close above 125-00 to confirm

an easing of bearish pressure and above 125-14 to shift to a bullish bias and

target an overall move back to 127-28+. The Bollinger top is a concern for bulls

with potential to limit follow through.

US 10-YR YIELD TECHS: 2.273 Support Key This Week

*RES 4: 2.544 - High Mar 17 

*RES 3: 2.477 - Monthly High Oct 27 

*RES 2: 2.437 - High Nov 30 

*RES 1: 2.373 - Hourly resistance Dec 1

*PRICE: 2.363 @ 2030GMT

*SUP 1: 2.310 - Low Nov 28 

*SUP 2: 2.304 - 200-DMA 

*SUP 3: 2.282 - 21-WMA, 100-DMA 

*SUP 4: 2.273 - Monthly Low Oct 13

*COMMENTARY: The 2.477 Oct highs remain key with the yield rejected aggressively

ahead of this level Friday. Bulls look for a close above this level to target

2.544-2.628 where 2017 highs are situated. Volatility saw support levels taken

out before bouncing ahead of the 200-DMA. The 2.273 support remains key. Bears

need a close below to end bullish hopes and shift initial focus back to

2.171-187 where the 200-WMA is noted.

JGB TECHS: (Z17) 150.84 & 151.21 Levels Remain Key 

*RES 4: 151.33 - High Sept 12

*RES 3: 151.21 - Low Sept 2 now resistance

*RES 2: 151.19 - Bollinger band top, Monthly high Nov 22

*RES 1: 151.13 - High Nov 24

*PRICE: 151.00 @ 2030GMT

*SUP 1: 150.97 - Hourly support Dec 1 

*SUP 2: 150.84 - Low Nov 30 

*SUP 3: 150.66 - 55-DMA 

*SUP 4: 150.54 - High Nov 2 now support

*COMMENTARY: Bulls take comfort in the failure to gain traction on dips below

the 21-DMA last week following the correction from 151.19. The 150.84 support is

key this week with bears needing a close below to shift focus back to 150.54-66

where key DMAs are clustered. The 151.21 resistance remains key. Bulls need a

close above to shift focus to tests of the 151.51-52 where 2017/Sept highs and

the daily bull channel top are situated.

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

[TOPICS: MTABLE]