MNI Asian Morning FI Technical Analysis

15 December 2017

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (Z17) 97.900 Support Now Key 

*RES 4: 98.110 - High Nov 28 & 29 

*RES 3: 98.065 - Hourly resistance Dec 4, High Dec 8 

*RES 2: 98.015 - High Dec 12 

*RES 1: 98.972 - 55-DMA, 100-DMA

*PRICE: 97.950 @ 2030GMT

*SUP 1: 97.900 - Low Oct 27 

*SUP 2: 97.820 - Repeated daily lows 

*SUP 3: 97.770 - Low Sept 22 

*SUP 4: 97.720 - 2017 Low Sept 21

*COMMENTARY: Bears take comfort in the close below the key 97.960 level with

overall focus now on 2017 lows. Bears look for a close below 97.900 to add

weight to their case. The Bollinger base (97.942) is the key concern for bears

and limits follow through. Bulls now need a close above 55 & 100-DMAs to ease

bearish pressure and above 98.065 to shift focus back to 98.110-130.

AUSSIE 10-YR TECHS: (Z17) 97.4075 & 97.5200 Levels Remain Key 

*RES 4: 97.5200 - Low June 20 now resistance

*RES 3: 97.5118 - Bollinger band top

*RES 2: 97.5000 - Hourly resistance Dec 1, High Dec 8

*RES 1: 97.4650 - Alternating support/resistance

*PRICE: 97.4575 @ 2030GMT

*SUP 1: 97.4301 - Daily Bull channel base

*SUP 2: 97.4075 - Low Dec 12

*SUP 3: 97.3650 - Low Dec 17

*SUP 4: 97.3505 - 200-DMA

*COMMENTARY: Contract continues to find support around the daily bull channel

base off Oct 25 lows with bears now needing a close below 97.4075 to confirm a

break and pressure 97.3208-3650 where key DMAs are clustered. While 97.4075

supports initial focus remains 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.

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: 124-23+ Daily Bear channel top 

*RES 1: 124-21+ 55-DMA

*PRICE: 124-18 @ 2030GMT

*SUP 1: 124-08 Low Dec 14

*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 remains on the 124-21+/24+ resistance region where the

55-DMA and bear channel top are situated. Bulls 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 124-08 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: 2.360 - Hourly support Dec 14 now resistance

*PRICE: 2.351 @ 2030GMT

*SUP 1: 2.348 - Daily Bull channel base 

*SUP 2: 2.303 - 200-DMA 

*SUP 3: 2.289 - 100-DMA 

*SUP 4: 2.273 - Monthly Low Oct 13

*COMMENTARY: The 2.437 resistance remains key with topside failures resulting in

sell-offs 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: 150.90 @ 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 last

Friday with the focus back on the 150.84 support. Bears need a close below

150.84 to confirm a break of the channel base (150.90) 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]