MNI Asian Morning FI Technical Analysis

8 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 98.065 

*RES 4: 98.130 - Low June 20 now resistance 

*RES 3: 98.110 - High Nov 28 & 29 

*RES 2: 98.098 - Daily Bear channel top 

*RES 1: 98.065 - 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: 97.958 - 55-DMA 

*SUP 4: 97.955 - Daily bull channel base

*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 98.065 to

return focus to 98.098-130 where the bear channel top and monthly highs are

located. Layers of support remain with bears now needing a close below 98.000 to

return pressure to 97.955-960 where the 55-DMA and bull channel base are noted.

AUSSIE 10-YR TECHS: (Z17) Bears Need Close Below 97.4550 

*RES 4: 97.6100 - High June 27

*RES 3: 97.5314 - Bollinger band top

*RES 2: 97.5200 - Low June 20 now resistance

*RES 1: 97.5000 - Hourly resistance Dec 1

*PRICE: 97.4700 @ 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: 97.3418 - 200-DMA

*COMMENTARY: Time spent below the 21-DMA (97.4336) 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 97.2940-3418 where the 200-DMA is noted.

US 10-YR FUTURE TECHS: (H18) Remains Capped Ahead of 55-DMA

*RES 4: 125-00 High Nov 28 

*RES 3: 124-26+ Daily Bear channel top 

*RES 2: 124-24+ 55-DMA 

*RES 1: 124-13 Hourly support Dec 7 now resistance

*PRICE: 124-10+ @ 2030GMT

*SUP 1: 124-02+ Low Dec 5

*SUP 2: 123-29+ Monthly Low Nov 30

*SUP 3: 123-27 Lows Oct 25 & 27

*SUP 4: 123-08+ Daily Bear channel base

*COMMENTARY: Bears take comfort in continued topside failures ahead of the

55-DMA and bear channel top. Bulls need a close above 125-00 to confirm breaks

and shift immediate focus to 125-06+/14+ and overall focus to 125-25+. The

sell-off Thursday leaves the contract looking heavy once more with focus having

returned to 123-27/124-02+ where monthly lows are noted. Below 123-27 targets

the bear channel base 123-08+.

US 10-YR YIELD TECHS: Remains Supported Ahead Of 200-DMA

*RES 4: 2.477 - Monthly High Oct 27 

*RES 3: 2.437 - High Nov 30 

*RES 2: 2.424 - High Dec 1 

*RES 1: 2.395 - High Dec 5

*PRICE: 2.365 @ 2030GMT

*SUP 1: 2.351 - Hourly resistance Dec 7 now support 

*SUP 2: 2.303 - 200-DMA 

*SUP 3: 2.283 - 100-DMA, 21-WMA 

*SUP 4: 2.273 - Monthly Low Oct 13

*COMMENTARY: The yield continues to find support ahead of the 200-DMA and key

2.273-2.303 support region where the 100-DMA and 21-WMA are also noted. The

likely close above Wednesday's high (2.363) eases bearish pressure and sees

focus back on the 2.437 resistance. Bulls need a close above this level to

return pressure to 2.477 Oct highs with a close above then targeting 2017 highs.

Bears need a close below 2.351 to gain breathing room.

JGB TECHS: (Z17) Bulls Still Need Close Above 151.00 

*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: 150.93 @ 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

151.46-51 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]