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MNI Asian Morning FI Technical Analysis

14 December 2017
By Kyle Shortland
     
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (Z17) Support Region Confirms Significance 
*RES 4: 98.130 - Low June 20 now resistance 
*RES 3: 98.110 - High Nov 28 & 29 
*RES 2: 98.065 - Hourly resistance Dec 4, High Dec 8 
*RES 1: 98.015 - High Dec 12
*PRICE: 98.005 @ 2030GMT
*SUP 1: 97.972 - Daily Bull channel base 
*SUP 2: 97.968 - 55-DMA 
*SUP 3: 97.960 - Monthly Lows Nov 1 & 2 
*SUP 4: 97.900 - Low Oct 27
*COMMENTARY: The 97.960-972 support region where 55 & 100-DMAs and the bull
channel base are located reconfirmed significance with the contract bouncing
from this region Wednesday. Layers of resistance remain with bulls needing a
close above 98.015 to ease bearish pressure and above 98.065 to shift focus back
to 98.110-130. Bears still 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).
AUSSIE 10-YR TECHS: (Z17) Bulls Still Need Close Above 97.5200 
*RES 4: 97.6100 - High June 27
*RES 3: 97.5200 - Low June 20 now resistance
*RES 2: 97.5157 - Bollinger band top
*RES 1: 97.5000 - Hourly resistance Dec 1, High Dec 8
*PRICE: 97.4800 @ 2030GMT
*SUP 1: 97.4650 - High Dec 12 now support
*SUP 2: 97.4450 - Alternating hourly support/resistance
*SUP 3: 97.4172 - Daily Bull channel base
*SUP 4: 97.4075 - Low Dec 12
*COMMENTARY: Bulls take comfort in the bounce from the daily bull channel base
off Oct 25 lows retaining immediate focus on 97.5200. Bulls look for a close
above 97.5200 to reconfirm a bullish bias and initially targeting 97.6100-6750
where 2017 highs and the bull channel top are located. Layers of support are
building with bears now needing a close below the bull channel base to ease
bullish pressure and return focus to 97.2926-3650 where key DMAs are noted.
US 10-YR FUTURE TECHS: (H18) Bulls Need Close Above Channel Top
*RES 4: 125-06+ Monthly high Nov 8 
*RES 3: 125-00  High Nov 28 
*RES 2: 124-24+ Daily Bear channel top 
*RES 1: 124-21+ 55-DMA
*PRICE: 124-18+ @ 2030GMT
*SUP 1: 124-13 Hourly breakout level Dec 13
*SUP 2: 124-05 Hourly support Dec 13
*SUP 3: 123-29 Low Dec 13
*SUP 4: 123-27 Lows Oct 25 & 27
*COMMENTARY: Pressure has returned to the 124-21+/24+ resistance region where
the 55-DMA and bear channel top are situated. Bulls now look for a close above
the channel top to shift immediate focus to 125-00/07+ where the 100-DMA is
located. Support layers are building and adding to bullish confidence. Bears now
need a close below 124-13 to ease pressure on the 55-DMA and below 124-05 to
reconfirm focus on the key 123-27/29 support region.
US 10-YR YIELD TECHS: Focus Returns to 2.273-303
*RES 4: 2.437 - High Nov 30 
*RES 3: 2.426 - High Dec 13 
*RES 2: 2.398 - Hourly resistance Dec 13 
*RES 1: 2.369 - Hourly support Dec 13 now resistance
*PRICE: 2.348 @ 2030GMT
*SUP 1: 2.343 - Daily Bull channel base 
*SUP 2: 2.303 - 200-DMA 
*SUP 3: 2.288 - 100-DMA 
*SUP 4: 2.273 - Monthly Low Oct 13
*COMMENTARY: The 2.437 resistance remains key with topside failures resulting in
a sell-off and bears focused on the 2.273-303 region where key DMAs and Oct low
are located. Layers of resistance building are now weighing with bulls needing a
close above 2.398 to ease bearish pressure and return initial focus to
2.426-437. Overall above 2.437 targets 2017 highs and below 2.273 hints at a
move back to 2017 lows at 2.016 with below 2.207 to confirm.
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: 150.99 - High Dec 13
*PRICE: 150.89 @ 2030GMT
*SUP 1: 150.84 - Alternating hourly sup/res 
*SUP 2: 150.75 - Low Dec 5 
*SUP 3: 150.67 - 55-DMA 
*SUP 4: 150.60 - 200-DMA
*COMMENTARY: Topside follow through on the break above 151.00 was lacking Friday
with the focus back on the 150.84 support. Bears now need a close below 150.84
to confirm a break of the channel base (150.88) and shift focus to 150.54-75
where 55, 100 & 200 DMAs are clustered. Bulls now need a close above 150.99 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]