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MNI US Morning FI Technical Analysis

29 September 2017
By Kyle Shortland
     
Click below for today's MNI US Morning FI Technical Analysis Report -
http://tinyurl.com/h8pyhnq
US 5-YR FUTURE TECHS: (Z17) Layers of Resistance 117-255/118-085
*RES 4: 118-040 - 21-DMA 
*RES 3: 118-020 - 55-DMA 
*RES 2: 117-295 - 100-DMA 
*RES 1: 117-255 - High Sept 28
*PRICE: 117-202 @ 0830GMT
*SUP 1: 117-145 - Hourly support Sept 28
*SUP 2: 117-125 - Low Sept 28
*SUP 3: 117-100 - High July 7 now support
*SUP 4: 117-082 - Low July 12
*COMMENTARY: The bounce from Thursday's lows was less than ideal for bears given
correcting O/S daily studies and momentum divergence hinting at a bigger
correction. In saying that, layers of resistance remain with bulls needing a
close above 117-255 to ease immediate bearish pressure and above 118-085 to
confirm a break of the 21-DMA and shift focus to 118-240/119-015. While the
21-DMA caps bears remain focused on July lows (117-035).
US 10-YR FUTURE TECHS: (Z17) Bears Focused On July Low
*RES 4: 126-050 - High Sept 20, 55-DMA 
*RES 3: 126-040 - High Sept 25 
*RES 2: 125-230 - Low Sept 25 now resistance 
*RES 1: 125-180 - Hourly resistance Sept 27, High Sept 28
*PRICE: 125-155 @ 0830GMT
*SUP 1: 125-140 - Hourly resistance Sept 28 now support
*SUP 2: 125-020 - Low Sept 28
*SUP 3: 125-000 - Bollinger band base
*SUP 4: 124-280 - Low July 12
*COMMENTARY: Fresh 3mth lows Thursday have lacked follow through which is a
concern for bears given daily momentum divergence, correcting O/S studies and
proximity of the Bollinger base increasing the risk of a correction back to
126-040/090. In saying that, bulls need a close above 125-230 to gain breathing
room and a close above 126-090 to hint at a correction back to 126-270. While
the 126-040/090 region caps bears target July lows (124-140).
US 30-YR FUTURE TECHS: (Z17) Bulls Need Close Above 153-16
*RES 4: 156-07 - Low Sept 6 now resistance 
*RES 3: 155-18 - High Sept 13 
*RES 2: 153-16 - Low Sept 20 now resistance 
*RES 1: 153-04 - High Sept 28
*PRICE: 152-24 @ 0830GMT
*SUP 1: 152-18 - Hourly support Sept 28
*SUP 2: 152-01 - Low Sept 28
*SUP 3: 151-13 - Daily Bear channel base
*SUP 4: 150-29 - Low July 28
*COMMENTARY: Bulls take comfort in the bounce from Thursday's lows with the
Bollinger base (152-07) limiting follow through and remaining the key concern
for bears. Layers of resistance remain 153-04/155-18. Bulls need a close above
153-16 to ease immediate bearish pressure and above 155-18 to confirm a break of
the 21-DMA, ending bearish hopes and shift focus to 157-01/158-09. While 153-16
caps immediate focus remains on 152-01 and overall focus on 150-11 July Lows.
US EURODOLLAR FUTURE TECHS: (Z17) Double Daily Bottom 98.490
*RES 4: 98.565 - High Sept 15 
*RES 3: 98.551 - 21-DMA 
*RES 2: 98.545 - High Sept 20 
*RES 1: 98.525 - Highs Sept 25 & 28
*PRICE: 98.515 @ 0830GMT
*SUP 1: 98.512 - 200-DMA
*SUP 2: 98.490 - Lows Sept 21 & 28
*SUP 3: 98.480 - Daily Bear channel base
*SUP 4: 98.470 - Low Apr 24
*COMMENTARY: The bounce from 98.490 leaves a double daily bottom in place as
daily studies correct from O/S. Bulls now need a close above 98.525 to gain
traction above the 200-DMA and confirm immediate focus on 98.545-565. Bears look
for a topside failure ahead of 98.545 to retain the upper hand with a close
below the 200-DMA to reconfirm pressure on 98.490. Overall below 98.470 is
needed to initially target 98.425.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]