MNI US Morning FI Technical Analysis

19 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) Bears Need Close Below 117-03+

*RES 4: 117-21+ High Oct 4 

*RES 3: 117-17 Daily Bear channel top 

*RES 2: 117-15+ Hourly resistance Oct 16, 21-DMA 

*RES 1: 117-13+ High Oct 17

*PRICE: 117-11 @ 0930GMT

*SUP 1: 117-07+ Alternating hourly support/resistance

*SUP 2: 117-05 Low Oct 18

*SUP 3: 117-03+ Low July 7 

*SUP 4: 116-30 Daily Bear channel base

*COMMENTARY: Pressure returned to the 117-03+ support with bears needing a close

below to initially target the bear channel base. Daily studies have room to move

before O/S is an issue although the Bollinger base (117-03) has potential to

limit follow through. Bulls take comfort in the bounce from 117-05 but layers of

resistance remain 117-13+/117-21+. Bulls need a close above 117-21+ to conform

focus on 117-25+/118-01 where 55 & 100-DMAs are located.

US 10-YR FUTURE TECHS: (Z17) Below 124-310 Targets 124-14/22+

*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: 125-13+ 21-DMA

*PRICE: 125-12 @ 0930GMT

*SUP 1: 125-07 Alternating hourly support/resistance

*SUP 2: 125-01+ Low Oct 17

*SUP 3: 124-31 Hourly support Oct 9

*SUP 4: 124-27 Bollinger band base

*COMMENTARY: The failure to trouble 100 & 55-DMAs resulted in a sell-off

Wednesday. Follow through has been lacking with the aggressive bounce in early

Europe taking out minor resistance. 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 need a close below 125-07 to gain breathing room and below

124-31 to confirm focus on 124-14/22+ where July lows are situated.

US 30-YR FUTURE TECHS: (Z17) 100 & 55-DMAs Key Resistance

*RES 4: 155-18 - High Sept 13 

*RES 3: 155-04 - High Sept 25 

*RES 2: 154-07 - Daily Bear channel top, 55-DMA 

*RES 1: 153-22 - 100-DMA

*PRICE: 153-12 @ 0930GMT

*SUP 1: 152-25 - Low Oct 18

*SUP 2: 152-09 - Hourly support Oct 11

*SUP 3: 152-02 - Low Oct 11

*SUP 4: 151-27 - Hourly support Oct 9

*COMMENTARY: The sell-off Wednesday provided bears hope but the move has lacked

follow through with the bounce a concern. In saying that, layers of resistance

remain with bulls needing a close above the 100-DMA to ease bearish pressure and

above the 55-DMA & bear channel top to end bearish hopes and shift initial focus

to 155-08/18. Wednesday's move sees bears focused on 151-27/152-09 with a close

below to target 150-11/151-07.

US EURODOLLAR TECHS: (Z17) Focus Returns To 98.470

*RES 4: 98.525 - Repeated daily highs Sept 

*RES 3: 98.516 - 200-DMA 

*RES 2: 98.510 - High Oct 13 

*RES 1: 98.500 - 21-DMA

*PRICE: 98.495 @ 0930GMT

*SUP 1: 98.480 - Low Oct 18

*SUP 2: 98.470 - Low Apr 24

*SUP 3: 98.445 - Low Apr 10

*SUP 4: 98.425 - Low Mar 31

*COMMENTARY: Sell-offs this week have continued to lack follow through with

support emerging 98.480-490 and providing the impetus for a bounce back to the

21-DMA. Bulls now need a close above 98.510 to confirm a break of the 21-DMA and

above 98.525 to confirm a break of the 200-DMA and shift focus to 98.541-547

where 55 & 100-DMAs are situated. While 98.525 caps bears focus on the break of

98.470 needed to target 98.425-445.

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

[TOPICS: MTABLE]