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MNI US Morning FI Technical Analysis 

10 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) Pressuring Bear Channel Top
*RES 4: 117-180 - High Oct 5 
*RES 3: 117-157 - Hourly resistance Oct 5 
*RES 2: 117-137 - High Oct 6, Daily Bear channel top 
*RES 1: 117-115 - Daily Bear channel top
*PRICE: 117-115 @ 0930GMT
*SUP 1: 117-090 - Hourly support Oct 9
*SUP 2: 117-037 - Bollinger band base
*SUP 3: 117-035 - Low July 7
*SUP 4: 116-167 - 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 the 21-DMA
(117-227) to shift focus to key DMAs 117-255/118-010. 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: 125-040 @ 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: 123-230 - Daily Bear channel base
*COMMENTARY: The lack of downside follow-through on fresh 3mth lows Friday was 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 initially
target tests of 126-030/090. Layers of support remain 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: 153-19 - 21-DMA, 100-DMA 
*RES 3: 153-16 - Low Sept 20 now resistance 
*RES 2: 153-08 - High Oct 4 
*RES 1: 152-15 - Hourly support 5 now resistance
*PRICE: 152-01 @ 0930GMT
*SUP 1: 151-27 - Hourly support Oct 9
*SUP 2: 151-12 - 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 was less than ideal for
bears who are currently focused on 149-17/150-11 where July lows and the bear
channel base are located. Bulls now need a close above 152-15 to ease immediate
bearish pressure and hint at a bounce back to the 153-08/154-01 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: 98.516 - 200-DMA 
*RES 1: 98.485 - 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: 98.401 - 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 98.516-525 where the 21
& 200-DMAs are situated. Bears currently remain focused on 98.401-425 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]
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