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December 26, 2017 21:18 GMT
MNI Asian Morning FI Technical Analysis
27 December 2017
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (H18) Immediate Focus On 97.720-770 Support Region
*RES 4: 98.974 - 55-DMA
*RES 3: 98.962 - 100-DMA
*RES 2: 98.910 - Hourly resistance Dec 18
*RES 1: 98.855 - High Dec 21
*PRICE: 97.805 @ 2030GMT
*SUP 1: 97.770 - Low Sept 22
*SUP 2: 97.720 - 2017 Low Sept 21
*SUP 3: 97.605 - 2015 Low Dec 12
*SUP 4: 97.550 - Monthly Low Dec 3 2014
*COMMENTARY: Recent 2mth lows add weight to the bearish case with focus firmly
on 97.720-770 where 2017 lows are located. The Bollinger base (97.808) and O/S
daily studies are concerns for bears with potential to limit follow through. In
saying that, bulls still look for a close above 97.855 to gain breathing room
and above 97.910 to shift focus back to 97.962-98.043 where key DMAs are
clustered.
AUSSIE 10-YR TECHS: (H18) Bears Now Need Close Below 97.2200
*RES 4: 97.5000 - Hourly resistance Dec 1, High Dec 8
*RES 3: 97.4400 - High Dec 18
*RES 2: 97.3650 - Low Dec 17 now resistance
*RES 1: 97.3221 - 100-DMA
*PRICE: 97.2600 @ 2030GMT
*SUP 1: 97.2200 - High Oct 25 now support
*SUP 2: 97.2041 - 200-WMA
*SUP 3: 97.1450 - Low Oct 25
*SUP 4: 97.0900 - Monthly Low Oct 3
*COMMENTARY: Closes below key DMAs add weight to the bearish case with bears now
looking for a close below 97.2200 to confirm focus on 97.0750-0900 where monthly
lows are noted. The Bollinger base (97.3070) is the key concern for bears with
potential to limit follow through. Bulls now need a close above the 100-DMA to
ease immediate bearish pressure and above 97.3650 to hint at a move back to
97.5200 Nov highs.
US 10-YR FUTURE TECHS: (H18) Bulls Need Close Above 123-29+
*RES 4: 124-05 Hourly support Dec 13 now resistance
*RES 3: 123-29+ Low Dec 13 now resistance
*RES 2: 123-27 Lows Oct 25 & 27 now resistance
*RES 1: 123-21+ High Dec 27
*PRICE: 123-19+ @ 2030GMT
*SUP 1: 123-12+ Low Dec 21
*SUP 2: 123-07+ High Mar 13 now support
*SUP 3: 123-01+ Daily Bear channel base
*SUP 4: 122-20+ Monthly Low Mar 14
*COMMENTARY: Repeated topside failures ahead of the key 124-16+/23+ resistance
region where the bear channel top and 55-DMA are located resulted in a break of
key supports and bears focused on 122-20+/123-07+ where monthly lows and the
bear channel base are noted. The Bollinger base (123-11+) is a concern for bears
with potential to limit follow through. Bulls still need a close above 123-29+
to ease bearish pressure.
US 10-YR YIELD TECHS: Bears Need Close Below 2.423
*RES 4: 2.628 - 2017 High Mar 13
*RES 3: 2.544 - High Mar 17
*RES 2: 2.534 - Weekly Bear channel top (Off 2014 high)
*RES 1: 2.504 - High Dec 21
*PRICE: 2.472 @ 2030GMT
*SUP 1: 2.459 - Low Dec 26
*SUP 2: 2.443 - Hourly support Dec 19
*SUP 3: 2.423 - Hourly support Dec 19a
*SUP 4: 2.401 - Hourly resistance Dec 19 now support
*COMMENTARY: Bulls remain focused on 2.628-641 where 2016 & 2017 highs are
located following the most recent bounce from the bull channel base. The 2.423
support is now seen as key. Bears look for a close below 2.423 to confirm a
correction back to 2.344-2.381 where the bull channel base is located. Bulls now
need a close above 2.504 to add support to their case for tests of 2016 & 2017
highs.
JGB TECHS: (H18) Bulls Need Close Above 150.81
*RES 4: 151.05 - High Dec 8
*RES 3: 151.01 - High Dec 18
*RES 2: 150.93 - Hourly support Dec 19 now resistance
*RES 1: 150.81 - Hourly support Dec 20 now resistance
*PRICE: 150.79 @ 2030GMT
*SUP 1: 150.65 - Hourly support Dec 21
*SUP 2: 150.53 - Low Dec 21
*SUP 3: 150.08 - Monthly Low Oct 3
*SUP 4: 150.06 - Low July 20
*COMMENTARY: The lack of follow through on the marginal break of 150.54 is less
than ideal for bears who now look for a close below 150.53 to confirm focus on
150.06-19 where monthly lows are noted. Daily studies are well placed for
further losses. Bulls still need a close above 150.81 to ease bearish pressure
and shift initial focus back to 151.01-05 with potential for a move back to
151.19-21 where monthly highs are noted.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]
To read the full story
Close
Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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