MNI Asian Morning FI Technical Analysis

9 January 2018

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (H18) 21-DMA Currently Capping 

*RES 4: 97.971 - 55-DMA 

*RES 3: 97.944 - 100-DMA 

*RES 2: 97.910 - Hourly resistance Dec 18 

*RES 1: 97.896 - 21-DMA

*PRICE: 97.880 @ 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 97.896-970 where key DMAs are situated.

Initial support remains in place at 97.850 with bears needing a close below to

reconfirm dominance and shift initial focus back to 97.720-770.

AUSSIE 10-YR TECHS: (H18) 97.3100 & 97.4000 Levels Remain Key 

*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 remain 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: 124-10+ 55-DMA

*RES 3: 124-02+ High Dec 29

*RES 2: 123-29+ 21-DMA

*RES 1: 123-20 High Jan 8

*PRICE: 123-16+ @ 2030GMT

*SUP 1: 123-12+ Low Dec 21

*SUP 2: 123-07+ High Mar 13 now support

*SUP 3: 122-28+ 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 124-02+to confirm an easing of

bearish pressure and return focus to layers of resistance 124-10+/22 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

122-28+.

US 10-YR YIELD TECHS: Below 55-DMA To Shift Focus Lower

*RES 4: 2.628 - 2017 High Mar 13 

*RES 3: 2.544 - High Mar 17 

*RES 2: 2.529 - Weekly Bear channel top (Off 2014 high) 

*RES 1: 2.504 - High Dec 21

*PRICE: 2.476 @ 2030GMT

*SUP 1: 2.462 - Low Jan 8 

*SUP 2: 2.427 - 21-DMA 

*SUP 3: 2.389 - 55-DMA 

*SUP 4: 2.344 - Low Dec 14

*COMMENTARY: Bulls take comfort in support ahead of the 21-DMA providing a

bounce to start the new year and immediate focus on 2.504. Bulls continue to

look for a close above 2.504 to confirm focus on tests of 2016 & 2017 highs

2.628-641. Layers of support remain with bears now needing a close below 2.462

to ease bullish pressure and 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 still 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 remains key. Bears continue to look for a close below

150.53 to confirm breaks of key DMAs and to shift initial focus back to

150.06-19.

--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com

[TOPICS: MTABLE]