MNI Asian Morning FI Technical Analysis

5 December 2017

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (Z17) Close Above 98.060 To Ease Bearish Pressure 

*RES 4: 98.168 - 100-WMA 

*RES 3: 98.130 - Low June 20 now resistance 

*RES 2: 98.110 - High Nov 28 & 29 

*RES 1: 98.060 - Hourly resistance Dec 4

*PRICE: 98.035 @ 2030GMT

*SUP 1: 98.015 - Low Dec 4 

*SUP 2: 98.008 - Bollinger band base 

*SUP 3: 97.972 - 100-DMA 

*SUP 4: 97.945 - 55-DMA

*COMMENTARY: The contract again remained capped ahead of the 98.110-130

resistance region with the sell-of Monday seeing focus return to 97.942-972

where 55 & 100-DMAs and the bull channel base (off 2017 lows) are situated.

Daily studies are well placed for losses but the Bollinger base is a concern and

limits follow through. Bulls now need a close above 98.060 to ease bearish

pressure and above 98.130 to initially target 98.168-200.

AUSSIE 10-YR TECHS: (Z17) Below 97.3950 Targets Key DMAs 

*RES 4: 97.6100 - High June 27

*RES 3: 97.5240 - Bollinger band top

*RES 2: 97.5200 - Low June 20 now resistance

*RES 1: 97.4450 - Low Dec 1 now resistance

*PRICE: 97.4450 @ 2030GMT

*SUP 1: 97.3950 - Low Now 20

*SUP 2: 97.3400 - 200-DMA

*SUP 3: 97.3088 - 100-DMA

*SUP 4: 97.2890 - 55-DMA

*COMMENTARY: The correction lower from failed attempts to take out 97.5200 sees

the contract flirting with the 21-DMA (97.4300). Bulls now need a close above

97.4450 to gain breathing room and above 97.5200 to confirm focus on

97.6100-6750 where June highs are noted. The 97.3950 support is now key with

bears needing a close below to return focus to 97.2890-3400 where 55, 100 &

200-DMAs are clustered. Daily studies are well placed for losses.

US 10-YR FUTURE TECHS: (H18) 123-25/29+ Support Region Key

*RES 4: 125-00  High Nov 28 

*RES 3: 124-26+ 55-DMA 

*RES 2: 124-19  Low Nov 27 now resistance 

*RES 1: 124-09  Alternating hourly support/resistance

*PRICE: 124-08 @ 2030GMT

*SUP 1: 123-29+ Monthly Low Nov 30

*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

targeting an overall move back to 127-28+. A close below 123-27 is needed to

confirm focus on the bear channel base.

US 10-YR YIELD TECHS: 2.273 & 2.477 Levels Remain Key

*RES 4: 2.544 - High Mar 17 

*RES 3: 2.477 - Monthly High Oct 27 

*RES 2: 2.437 - High Nov 30 

*RES 1: 2.424 - High Dec 1

*PRICE: 2.378 @ 2030GMT

*SUP 1: 2.373 - Hourly resistance Dec 1 now support 

*SUP 2: 2.310 - Low Nov 28 

*SUP 3: 2.304 - 200-DMA 

*SUP 4: 2.283 - 100-DMA

*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

2.171-185 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 - Monthly high Nov 22

*RES 1: 151.13 - High Nov 24, Bollinger band top

*PRICE: 150.97 @ 2030GMT

*SUP 1: 150.84 - Low Nov 30 

*SUP 2: 150.66 - 55-DMA 

*SUP 3: 150.63 - 100-DMA 

*SUP 4: 150.57 - 200-DMA

*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 151.49-52 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]