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MNI Asian Morning FI Technical Analysis 

7 December 2017
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (Z17) Bulls Need Close Above 98.060 
*RES 4: 98.130 - Low June 20 now resistance 
*RES 3: 98.110 - High Nov 28 & 29 
*RES 2: 98.100 - Daily Bear channel top 
*RES 1: 98.060 - Hourly resistance Dec 4
*PRICE: 98.045 @ 2030GMT
*SUP 1: 98.020 - Hourly support Dec 6 
*SUP 2: 98.000 - Hourly resistance Dec 6 now support 
*SUP 3: 97.951 - Daily Bull channel base 
*SUP 4: 97.949 - 55-DMA
*COMMENTARY: The bounce from ahead of the daily bull channel base and 55-DMA
eased immediate bearish pressure with bulls now needing a close above 98.060 to
return focus to 98.100-130 where the bear channel top and monthly highs are
located. Layers of support are building with bears now needing a close below
98.000 to return pressure to 97.949-960 where the 55-DMA and bull channel base
are noted.
AUSSIE 10-YR TECHS: (Z17) Bounce Sees 97.5000-5200 The Focus Now 
*RES 4: 97.6100 - High June 27
*RES 3: 97.5276 - Bollinger band top
*RES 2: 97.5200 - Low June 20 now resistance
*RES 1: 97.5000 - Hourly resistance Dec 1
*PRICE: 97.4750 @ 2030GMT
*SUP 1: 97.4550 - Hourly support Dec 6
*SUP 2: 97.4200 - Hourly support Dec 6a
*SUP 3: 97.3750 - Low Dec 5
*SUP 4: 97.3407 - 200-DMA
*COMMENTARY: Time spent below the 21-DMA (97.4307) was brief with the aggressive
bounce seeing focus return to the 97.5200 resistance. Bulls need a close above
this level to shift focus to 97.6100-6750 where 2017 highs are located. The
Bollinger top is the key concern for bulls with potential to limit follow
through. Bears now need a close below 97.4550 to ease pressure on resistance
layers and shift focus back to 97.2940-3407 where the 200-DMA is noted.
US 10-YR FUTURE TECHS: (H18) Layers of Resistance 124-25+/125-00
*RES 4: 125-06+ Monthly high Nov 8 
*RES 3: 125-00 High Nov 28 
*RES 2: 124-26+ Daily Bear channel top 
*RES 1: 124-24+ 55-DMA
*PRICE: 124-19+ @ 2030GMT
*SUP 1: 124-12+ High Dec 5
*SUP 2: 124-09+ Low Dec 6
*SUP 3: 124-02+ Low Dec 5
*SUP 4: 123-29+ Monthly Low Nov 30
*COMMENTARY: Hesitation ahead of the 123-27/29+ region has seen pressure return
to layers of resistance 124-25+/125-00 where the bear channel top and 55-DMA are
noted. Bulls need a close above 125-00 to shift immediate focus to 125-06+/14+
and overall focus to 125-25+. The 124-09+/12+ support region is key today. Bears
look for a close below 124-09+ to shift focus back to 123-27/29+.
US 10-YR YIELD TECHS: Below 2.273 To Target 2.171-185
*RES 4: 2.424 - High Dec 1 
*RES 3: 2.395 - High Dec 5 
*RES 2: 2.363 - High Dec 6 
*RES 1: 2.345 - Hourly resistance Dec 6
*PRICE: 2.3268 @ 2030GMT
*SUP 1: 2.303 - 200-DMA 
*SUP 2: 2.283 - 100-DMA, 21-WMA 
*SUP 3: 2.273 - Monthly Low Oct 13 
*SUP 4: 2.245 - High Sept 26 now support
*COMMENTARY: Failure ahead of last week's high left the yield looking heavy and
focus back on layers of support. Bears continue to look for a close below 2.273
to end bullish hopes and shift initial focus back to 2.171-185 where the 200-WMA
is noted. Bulls now need a close above Wednesday's high to ease bearish pressure
and above 2.477 Oct highs to target 2.544-2.628 where 2017 highs are situated.
JGB TECHS: (Z17) Above 151.00 Shifts Focus Back to 151.19-21 
*RES 4: 151.21 - Low Sept 2 now resistance
*RES 3: 151.19 - Monthly high Nov 22
*RES 2: 151.13 - High Nov 24
*RES 1: 151.00 - Hourly resistance Dec 4
*PRICE: 150.90 @ 2030GMT
*SUP 1: 150.84 - Alternating hourly support/resistance 
*SUP 2: 150.75 - Low Dec 5 
*SUP 3: 150.66 - 55-DMA 
*SUP 4: 150.58 - 200-DMA
*COMMENTARY: The lack of follow through on the dip below 150.84 was less than
ideal for bears with the bounce seeing 151.00 resistance now key. Bulls need a
close above this level to shift focus away from the 150.54-66 region and back to
151.19-21. Bulls still need a close above 151.21 to shift focus to tests of the
151.49-52 where 2017/Sept highs and the daily bull channel top are situated.
Below 150.75 is needed to reconfirm focus on key DMAs.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]
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