MNI US Morning FI Technical Analysis

18 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) Immediate Focus Shifts To 117-035

*RES 4: 117-15+ - Hourly resistance Oct 16 

*RES 3: 117-13+ - High Oct 17 

*RES 2: 117-11 - Hourly resistance Oct 17 

*RES 1: 117-08 - Low Oct 17 now resistance

*PRICE: 117-05+ @ 0930GMT

*SUP 1: 117-05 - Bollinger band base

*SUP 2: 117-03+ - Low July 7

*SUP 3: 117-01 - Weekly Bollinger band base

*SUP 4: 116-30 - Daily Bear channel base

*COMMENTARY: The contract remains heavy having broken the 117-090 support with

immediate focus now returned to the 117-035 Oct low so far. Below this level

shift focus to the falling daily TL at 116-257. Resistance layers are building

and adding weight to the bearish case. Bulls now need a close above 117-112 to

ease bearish pressure and above the 21-DMA (117-160 to shift focus back to

117-212 that has capped the recovery from Oct lows so far.

US 10-YR FUTURE TECHS: (Z17) Below 124-310 Targets 124-140/225

*RES 4: 125-29+ - 100-DMA 

*RES 3: 125-25+ - High Oct 13 

*RES 2: 125-16+ - Hourly support Oct 16 now resistance 

*RES 1: 125-10+ - Alternating hourly support/resistance

*PRICE: 125-09 @ 0930GMT

*SUP 1: 125-07 - Low Oct 17

*SUP 2: 125-05 - Hourly support Oct 11

*SUP 3: 124-31 - Hourly support Oct 9

*SUP 4: 124-28+ - Bollinger band base

*COMMENTARY: The break of the 125-10 support lacked follow through Tuesday with

the contract bouncing from ahead of the 125-05 support only to remain heavy

today. Bulls need a close above 125-16+ to ease bearish pressure and return

focus to 125-25+/126-09 where 55 & 100-DMAs are situated. Bears now look for a

close below 124-31 to confirm focus on 124-14/22+. Daily studies are well placed

for a fresh leg lower.

US 30-YR FUTURE TECHS: (Z17) 152-30 & 55-DMA Levels Key

*RES 4: 156-07 - Low Sept 6 now resistance 

*RES 3: 155-04 - High Sept 25 

*RES 2: 154-07 - 55-DMA 

*RES 1: 154-05 - High Oct 13

*PRICE: 153-17 @ 0930GMT

*SUP 1: 153-10 - Low Oct 17

*SUP 2: 153-08 - 21-DMA

*SUP 3: 152-30 - Low Oct 13

*SUP 4: 152-09 - Hourly support Oct 11

*COMMENTARY: Gains last week resulted in closes above 21 & 100-DMAs Friday and

the contract pressuring the 55-DMA although topside follow through has been

lacking. Bulls need a close above the 55-DMA to confirm focus on 155-04/155-18.

Bears continue to look for a close below the 21-DMA to ease bullish pressure and

below 152-30 to confirm a break of the 21-DMA and target retests of Oct lows

(151-07).

US EURO-DOLLAR TECHS: (Z17) Focus Returns To 98.470

*RES 4: 98.516 - 200-DMA 

*RES 3: 98.510 - High Oct 13 

*RES 2: 98.500 - 21-DMA 

*RES 1: 98.495 - Daily Bear channel top

*PRICE: 98.490 @ 0930GMT

*SUP 1: 98.485 - Lows Oct 12 & 13

*SUP 2: 98.470 - Low Apr 24

*SUP 3: 98.445 - Low Apr 10

*SUP 4: 98.425 - Low Mar 31

*COMMENTARY: Gains Friday have been eroded with the pair breaking back below

98.495 and looking a little heavy once again. Focus has returned to the 98.470

support with bears needing a close below to initially target 98.425-445. The

98.500-525 resistance becomes key once more with bulls needing a close above

98.525 to shift immediate focus to 55 (98.542) and 100 (98.548) DMAs.

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

[TOPICS: MTABLE]