MNI US Morning FI Technical Analysis

12 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) 117-090 Support Remains Key

*RES 4: 117-212 - High Oct 4 

*RES 3: 117-190 - 21-DMA 

*RES 2: 117-180 - High Oct 5 

*RES 1: 117-160 - High Oct 10

*PRICE: 117-142 @ 0930GMT

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

*SUP 2: 117-042 - Bollinger band base

*SUP 3: 117-035 - Low July 7

*SUP 4: 116-307 - Daily Bear TL

*COMMENTARY: Sideways trading 117-090/160 has defined so far this week with

bears continuing to look for a close below the key 117-090 support to reconfirm

a bearish bias and target 116-117/117-035. Layers of resistance remain

117-160/212 with bulls needing a close above 117-212 to confirm a break of the

21-DMA and shift focus to the 117-290/118-010 region where 100 (117-290) & 55

(118-000) DMAs are located.

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: 125-185 - 21-DMA 

*RES 1: 125-140 - High Oct 5 & 10

*PRICE: 125-120 @ 0930GMT

*SUP 1: 125-050 - Hourly support Oct 11

*SUP 2: 124-310 - Hourly support Oct 9

*SUP 3: 124-245 - Bollinger band base

*SUP 4: 124-220 - Low Oct 6

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

concern for bears and resulted in a correction back to layers of resistance

125-140/230. Bulls continue to look for a close above 125-230 to initially shift

focus to tests of 126-030/090. Layers of support remain with bears still 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) Above 55-DMA To End Bearish Hopes

*RES 4: 154-03 - 55-DMA 

*RES 3: 153-16 - Low Sept 20 now resistance 

*RES 2: 153-08 - High Oct 4 

*RES 1: 153-02 - High Oct 10

*PRICE: 152-27 @ 0930GMT

*SUP 1: 152-09 - Hourly support Oct 11

*SUP 2: 152-02 - Low Oct 11

*SUP 3: 151-27 - Hourly support Oct 9

*SUP 4: 151-10 - Bollinger band base

*COMMENTARY: Although hesitation ahead of 153-02/154-03 region remains a concern

for bulls, pressure continues to return to this region as support on dips back

to 151-27 emerges. Bulls continue to look for a close above the 55-DMA to end

bearish hopes and initially target 155-04/18. Bears now look for a close below

152-09 to gain breathing room and below 151-27 to reconfirm the bearish bias and

target 150-11/151-07.

US EURODOLLAR TECHS: (Z17) 98.495 Key Today

*RES 4: 98.545 - High Sept 20 

*RES 3: 98.525 - Repeated daily highs Sept 

*RES 2: 98.516 - 200-DMA 

*RES 1: 98.495 - High Oct 6

*PRICE: 98.490 @ 0930GMT

*SUP 1: 98.470 - Low Apr 24

*SUP 2: 98.445 - Low Apr 10

*SUP 3: 98.425 - Low Mar 31

*SUP 4: 98.380 - Low Mar 16

*COMMENTARY: The break of the daily bear channel top has so far lacked follow

through with bulls needing a close above 98.495 to ease immediate bearish

pressure and above 98.525 to confirm breaks of 21 (98.508) & 200 (98.516) DMAs

and shift immediate focus to 98.545-565. The 98.470 support remains key. Bears

need a close below 98.470 to retain focus on 98.380-425.

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

[TOPICS: MTABLE]