MNI Asian Morning FI Technical Analysis

12 December 2017

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (Z17) Below 97.960 To End Bullish Hopes 

*RES 4: 98.110 - High Nov 28 & 29 

*RES 3: 98.094 - Daily Bear channel top 

*RES 2: 98.065 - Hourly resistance Dec 4, High Dec 8 

*RES 1: 98.010 - Alternating hourly support/resistance

*PRICE: 97.990 @ 2030GMT

*SUP 1: 97.980 - Bollinger band base 

*SUP 2: 97.964 - 55-DMA 

*SUP 3: 97.963 - Daily Bull channel base 

*SUP 4: 97.960 - Monthly Lows Nov 1 & 2

*COMMENTARY: Pressure has returned to layers of support 97.960-980 where the

bull channel base and 55-DMA are situated. Bears now look for a close below

97.960 to end bullish hopes, shifting initial focus to 97.900 and overall focus

back to 2017 lows (97.720). The Bollinger base is the key concern for bears.

Layers of resistance are building with bulls now needing a close above 98.065 to

ease bearish pressure and shift focus back to 98.110-130.

AUSSIE 10-YR TECHS: (Z17) Focus Returns to 97.2926-3650 

*RES 4: 97.5200 - Low June 20 now resistance

*RES 3: 97.5000 - Hourly resistance Dec 1, High Dec 8

*RES 2: 97.4650 - Hourly resistance Dec 8

*RES 1: 97.4450 - Hourly resistance Dec 11

*PRICE: 97.4250 @ 2030GMT

*SUP 1: 97.4021 - Daily Bull channel base

*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 and leaves the

contract looking heavy as focus returns to the 97.2926-3650 where key DMAs are

noted. Resistance layers building adds weight to the bearish case. Bulls now

look for a close above 97.4650 to ease bearish pressure and above 97.5200 to

shift focus to 97.6100-6750 where 2017 highs are located.

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: 124-17+ High Dec 11

*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: 123-07+ 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: 2.389 @ 2030GMT

*SUP 1: 2.376 - Hourly resistance Dec 11 now support 

*SUP 2: 2.351 - Hourly resistance Dec 7 now support 

*SUP 3: 2.303 - 200-DMA 

*SUP 4: 2.286 - 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: 150.89 @ 2030GMT

*SUP 1: 150.84 - Alternating hourly sup/res, Bull channel base 

*SUP 2: 150.75 - Low Dec 5 

*SUP 3: 150.67 - 55-DMA, 100-DMA 

*SUP 4: 150.59 - 200-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]