MNI US Morning FI Technical Analysis

9 October 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) 117-137/212 Resistance Region Key

*RES 4: 117-212 - High Oct 4 

*RES 3: 117-180 - High Oct 5 

*RES 2: 117-157 - Hourly resistance Oct 5 

*RES 1: 117-137 - High Oct 6, Daily Bear channel top

*PRICE: 117-100 @ 0930GMT

*SUP 1: 117-090 - Hourly support Oct 9

*SUP 2: 117-035 - Low July 7

*SUP 3: 117-030 - Bollinger band base

*SUP 4: 116-190 - Daily Bear channel base

*COMMENTARY: Follow through was lacking Friday with the contract bouncing from

ahead of the 117-035 July 7 low. Layers of resistance remain an issue for bulls

who now need a close above 117-137 to gain breathing room and above 117-212 to

shift focus to key DMAs 117-245/118-010. Bears now need a close back below

117-090 to retain control and remain focused on the bear channel base. The

Bollinger base is the key concern for bears.

US 10-YR FUTURE TECHS: (Z17) 125-140/230 Resistance Key This Week

*RES 4: 125-230 - Low Sept 25 now resistance 

*RES 3: 125-190 - High Oct 4 

*RES 2: 125-140 - High Oct 5 

*RES 1: 125-070 - Hourly resistance Oct 5

*PRICE: 125-020 @ 0930GMT

*SUP 1: 124-310 - Hourly support Oct 9

*SUP 2: 124-220 - Low Oct 6, Bollinger band base

*SUP 3: 124-140 - Monthly Lows July 6 & 7

*SUP 4: 123-270 - Daily Bear channel base

*COMMENTARY: The lack of downside follow through on fresh 3mth lows Friday is a

concern for bears and hints at a correction back to layers of resistance

125-140/230. Bulls continue to look for a close above 125-230 to hint at a move

back to 126-030/090. Layers of support are starting to build with bears now

needing a close below 124-310 to end correction talk and maintain initial

bearish focus on 124-140 July lows.

US 30-YR FUTURE TECHS: (Z17) 153-08/154-02 Resistance Region Key

*RES 4: 153-16 - Low Sept 20 now resistance 

*RES 3: 153-08 - High Oct 4 

*RES 2: 152-20 - Daily Bear channel top 

*RES 1: 152-15 - Hourly support 5 now resistance

*PRICE: 152-00 @ 0930GMT

*SUP 1: 151-27 - Hourly support Oct 9

*SUP 2: 151-14 - Bollinger band base

*SUP 3: 151-07 - Low July 7

*SUP 4: 150-29 - Low July 28

*COMMENTARY: The lack of downside follow through Friday is less than ideal for

bears who are currently focused on 149-26/150.11 where July lows and the bear

channel base are located. Bulls now need a close above the daily bear channel

top to ease immediate bearish pressure and hint at a bounce back to the

153-08/154-02 region where key DMAs are clustered. Bears now look for a close

below 151-27 to add weight to their case.

US EURODOLLAR FUTURE TECHS: (Z17) Bulls Need Close Above Channel Top

*RES 4: 98.545 - High Sept 20 

*RES 3: 98.525 - Repeated daily highs Sept 

*RES 2: 98.515 - 200-DMA 

*RES 1: 98.491 - Daily Bear channel top

*PRICE: 98.480 @ 0930GMT

*SUP 1: 98.470 - Low Apr 24

*SUP 2: 98.445 - Low Apr 10

*SUP 3: 98.425 - Low Mar 31

*SUP 4: 98.408 - Daily Bear channel base

*COMMENTARY: Despite the bounce from Friday's low the contract remains capped

ahead of the daily bear channel top with bulls needing a close above to ease

immediate bearish pressure and hint at a bounce back to 98.515-525 where the 21

& 200-DMAs are situated. Bears currently remain focused on 98.408-425 where the

daily bear channel base is noted and look for a close below 98.470 to add weight

to their case.

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

[TOPICS: MTABLE]