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MNI Asian Morning FI Technical Analysis

28 December 2017
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (H18) Bulls Need Close Above 97.855 
*RES 4: 97.972 - 55-DMA 
*RES 3: 97.957 - 100-DMA 
*RES 2: 97.910 - Hourly resistance Dec 18 
*RES 1: 97.855 - High Dec 21
*PRICE: 97.820 @ 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: O/S daily studies appear to be impacting with hesitation ahead of
the 97.720-770 support region resulting in a bounce Wednesday. Bulls continue to
look for a close above 97.855 to ease bearish pressure and above 97.910 to shift
immediate focus back to 97.957-98.042 where key DMAs are clustered. While 97.855
caps bears remain focused on tests of 2017 lows.
AUSSIE 10-YR TECHS: (H18) 21-DMA Now Key Resistance 
*RES 4: 97.4400 - High Dec 18
*RES 3: 97.4167 - 21-DMA
*RES 2: 97.3650 - Low Dec 17 now resistance
*RES 1: 97.3352 - 55-DMA
*PRICE: 97.3350 @ 2030GMT
*SUP 1: 97.3100 - Hourly support Dec 27
*SUP 2: 97.2800 - Hourly resistance Dec 27 now support
*SUP 3: 97.2400 - Low Dec 27
*SUP 4: 97.2200 - High Oct 25 now support
*COMMENTARY: Bears failed to trouble the key 97.2200 support with O/S daily
studies impacting and the contract correcting back towards layers of resistance.
Bulls now need a close above the 21-DMA to end bearish hopes and shift immediate
focus to tests of 97.5200 Nov highs. Support layers are building and adding to
bullish confidence. Bears now need a close below 97.3100 to retain focus on
97.2200-2400.
US 10-YR FUTURE TECHS: (H18) Focus Back On 124-05/23
*RES 4: 124-23 High Dec 6
*RES 3: 124-18+ Daily Bear channel top
*RES 2: 124-15+ 55-DMA
*RES 1: 124-05 21-DMA
*PRICE: 123-31 @ 2030GMT
*SUP 1: 123-29+ Alternating daily support/resistance
*SUP 2: 123-21+ High Dec 27 now support
*SUP 3: 123-12+ Low Dec 21
*SUP 4: 123-07+ High Mar 13 now support
*COMMENTARY: Bulls take comfort in the bounce Wednesday that sees bearish
pressure eased and focus return to layers of resistance 124-05/23 where 21 &
55-DMAs and the bear channel top are situated. Bulls need a close above 124-23
to hint at a move back to 125-25+. The 123-21+ support is now key. Bears need a
close below this level to reconfirm dominance and return pressure to 123-00+/12+
where the bear channel base is noted.
US 10-YR YIELD TECHS: Focus Now On 2.344-398
*RES 4: 2.504 - High Dec 21 
*RES 3: 2.479 - High Dec 27 
*RES 2: 2.459 - Low Dec 26 now resistance 
*RES 1: 2.432 - Hourly resistance Dec 27
*PRICE: 2.416 @ 2030GMT
*SUP 1: 2.398 - 21-DMA 
*SUP 2: 2.372 - 55-DMA 
*SUP 3: 2.344 - Low Dec 14 
*SUP 4: 2.299 - 200-DMA
*COMMENTARY: Hesitation ahead of the weekly bear channel top (2.534) combined
with waning momentum has provided the impetus for a correction that eases
bullish pressure. Focus now returns to 2.344-398 where key DMAs and the bull
channel base are noted. Bears now need a close below 2.344 to confirm breaks and
initially pressure the 200-DMA (2.299). Bulls now need a close above 2.432 to
gain breathing room and above 2.479 to shift focus higher.
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: 150.75 @ 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 was 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. Initial resistance remains at 150.81.
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]

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