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US 10YR FUTURE TECHS

(U1)‌‌ Bullish Theme Intact

OPTIONS

Expiries for Jun15 NY cut 1000ET (Source DTCC)

GILT SUMMARY

Still Offered

FED

NY Fed Operational Purchase

US EURODLR OPTIONS

Mixed Trade, Vol Soft/Off Lows

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]