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MNI Asian Morning FI Technical Analysis 

8 January 2018
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (H18) Pressuring 21-DMA 
*RES 4: 97.970 - 55-DMA 
*RES 3: 97.945 - 100-DMA 
*RES 2: 97.910 - Hourly resistance Dec 18 
*RES 1: 97.904 - 21-DMA
*PRICE: 97.875 @ 2030GMT
*SUP 1: 97.850 - Hourly resistance Jan 4 now support 
*SUP 2: 97.770 - Low Sept 22 
*SUP 3: 97.720 - 2017 Low Sept 21 
*SUP 4: 97.605 - 2015 Low Dec 12
*COMMENTARY: O/S daily studies appear to be impacting with hesitation ahead of
the 97.720-770 support region resulting in a close above 97.855 Friday, easing
bearish pressure and shifting focus to 97.904-970 where key DMAs are situated.
Initial support remains in place at 97.850 with bears needing a close below to
reconfirm dominance and shift focus back to 97.720-770.
AUSSIE 10-YR TECHS: (H18) Layers of Resistance 97.3625-4000 
*RES 4: 97.6100 - High June 27
*RES 3: 97.5200 - Low June 20 now resistance
*RES 2: 97.4000 - Low Dec 18 now resistance
*RES 1: 97.3850 - High Jan 5
*PRICE: 97.3500 @ 2030GMT
*SUP 1: 97.3100 - Hourly support Jan 4
*SUP 2: 97.2800 - Hourly support Jan 3
*SUP 3: 97.2400 - Low Dec 27
*SUP 4: 97.2200 - High Oct 25 now support
*COMMENTARY: Bears take comfort in the lack of topside follow through Friday and
the contract remaining capped ahead of 97.4000 on the pop above key DMAs. Bulls
look for a close above 97.4000 to confirm breaks of key DMAs, ending bearish
hopes and shifting immediate focus to 97.5200. Support layers building and O/S
studies correcting are a concern for bears who now need a close below 97.3100 to
ease pressure on resistance layers.
US 10-YR FUTURE TECHS: (H18) Remains Capped Ahead Of 21-DMA
*RES 4: 124-23  High Dec 6
*RES 3: 124-15+ Daily Bear channel top
*RES 2: 124-11+ 55-DMA
*RES 1: 123-31+ 21-DMA
*PRICE: 123-21+ @ 2030GMT
*SUP 1: 123-12+ Low Dec 21
*SUP 2: 123-07+ High Mar 13 now support
*SUP 3: 122-29+ Daily Bear channel base
*SUP 4: 122-20+ Monthly Low Mar 14
*COMMENTARY: Despite recovering from Dec lows the contract has remained capped
ahead of the 21-DMA. Bulls look for a close above the 21-DMA to confirm an
easing of bearish pressure and return focus to layers of resistance 124-11+/23
where the 55-DMA and bear channel top are situated. While the 21-DMA caps
immediate bearish focus remains on tests of the bear channel base coming in
around 122-29+ today.
US 10-YR YIELD TECHS: Below 55-DMA To Shift Focus Lower
*RES 4: 2.544 - High Mar 17 
*RES 3: 2.529 - Weekly Bear channel top (Off 2014 high) 
*RES 2: 2.504 - High Dec 21 
*RES 1: 2.487 - High Jan 4
*PRICE: 2.476 @ 2030GMT
*SUP 1: 2.420 - 21-DMA 
*SUP 2: 2.386 - 55-DMA 
*SUP 3: 2.344 - Low Dec 14 
*SUP 4: 2.297 - 200-DMA
*COMMENTARY: Bulls take comfort in support ahead of the 21-DMA providing a
bounce to start the new year. Bulls continue to look for a close above 2.504 to
confirm focus on tests of 2016 & 2017 highs 2.629-641. Layers of support remain
with bears now needing a close below the 55-DMA to end bullish hopes and hint at
a test of the 200-DMA with below 2.344 to confirm.
JGB TECHS: (H18) Bulls Need Close Above 21-DMA 
*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: 150.83 - 21-DMA
*PRICE: 150.77 @ 2030GMT
*SUP 1: 150.68 - Low Jan 4 
*SUP 2: 150.65 - Hourly support Dec 21 
*SUP 3: 150.53 - Low Dec 21 
*SUP 4: 150.08 - Monthly Low Oct 3
*COMMENTARY: The 21-DMA continues to confirm significance having capped so far
in the new year. Bulls need a close above the 21-DMA to confirm an easing of
bearish pressure and shift immediate focus to 151.01 and then 151.19-21. The
150.53-68 support region is now key. Bears look for a close below 150.53 to
confirm breaks of key DMAs and to shift focus back to 150.06-19.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]
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