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MNI Asian Morning FI Technical Analysis 

11 December 2017
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (Z17) 98.000 & 98.065 Levels Remain Key 
*RES 4: 98.130 - Low June 20 now resistance 
*RES 3: 98.110 - High Nov 28 & 29 
*RES 2: 98.096 - Daily Bear channel top 
*RES 1: 98.065 - Hourly resistance Dec 4, High Dec 8
*PRICE: 98.045 @ 2030GMT
*SUP 1: 98.010 - Low Dec 8 
*SUP 2: 98.000 - Hourly resistance Dec 6 now support 
*SUP 3: 97.959 - Daily Bull channel base 
*SUP 4: 97.958 - 55-DMA
*COMMENTARY: The bounce from ahead of the daily bull channel base and 55-DMA
eased immediate bearish pressure with bulls still needing a close above 98.065
to return focus to 98.096-130 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 97.958-959 where the 55-DMA and bull channel base are noted.
AUSSIE 10-YR TECHS: (Z17) Below 97.4200 Initially Pressures 97.2940-3650 
*RES 4: 97.5326 - Bollinger band top
*RES 3: 97.5200 - Low June 20 now resistance
*RES 2: 97.5000 - Hourly resistance Dec 1, High Dec 8
*RES 1: 97.4650 - Hourly resistance Dec 8
*PRICE: 97.4550 @ 2030GMT
*SUP 1: 97.4200 - Hourly support Dec 6a
*SUP 2: 97.3750 - Low Dec 5
*SUP 3: 97.3433 - 200-DMA
*SUP 4: 97.3412 - Bollinger band base
*COMMENTARY: Despite bouncing aggressively from the week's lows, topside
hesitation ahead of the 97.5200 resistance is a concern for bulls. Bulls need a
close above 98.5200 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 97.4200 to confirm a shift in focus back
to 97.2940-3433 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: 124-25+ Daily Bear channel top 
*RES 2: 124-23+ 55-DMA 
*RES 1: 124-16+ Hourly support Dec 7 now resistance, 21-DMA
*PRICE: 124-08+ @ 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 left 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: 2.437 Resistance Key This Week
*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: 2.383 @ 2030GMT
*SUP 1: 2.362 - Low Dec 8 
*SUP 2: 2.351 - Hourly resistance Dec 7 now support 
*SUP 3: 2.303 - 200-DMA 
*SUP 4: 2.285 - 100-DMA
*COMMENTARY: The yield found support last week ahead of the 200-DMA and key
2.273-2.303 support region where the 100-DMA and 21-WMA are also noted. The
close above Wednesday's high (2.363) eased 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 pressure the 200-DMA.
JGB TECHS: (Z17) Topside Follow Through Lacking 
*RES 4: 151.19 - Monthly high Nov 22
*RES 3: 151.13 - High Nov 24
*RES 2: 151.05 - High Dec 8
*RES 1: 150.97 - Alternating hourly support/resistance
*PRICE: 150.94 @ 2030GMT
*SUP 1: 150.84 - Alternating hourly support/resistance 
*SUP 2: 150.82 - Daily Bull channel base 
*SUP 3: 150.75 - Low Dec 5 
*SUP 4: 150.66 - 55-DMA
*COMMENTARY: Topside follow through on the break above 151.00 was lacking Friday
with the focus back on the bull channel base. Bears need a close below the
channel base to shift focus to 150.54-75 where 55, 100 & 200 DMAs are clustered.
Bulls now need a close above 150.97 to gain breathing room and above 151.05 to
reconfirm focus on 151.19-21 where Nov highs are located.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]
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