MNI US Morning FI Technical Analysis

20 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: 117-17+ Daily Bear channel top A 

*RES 3: 117-15+ Hourly resistance Oct 16 

*RES 2: 117-13+ High Oct 17 & 19 

*RES 1: 117-08+ Hourly Resistance Oct 19

*PRICE: 117-05+ @ 0930GMT

*SUP 1: 117-05  Low Oct 18

*SUP 2: 117-03+ Low July 7 

*SUP 3: 116-28+ Daily Bear channel base A 

*SUP 4: 116-11+ Daily Bear channel base B

*COMMENTARY: The contract is pressuring key supports with bears needing a close

below 117-03+ to confirm focus on channel bases 116-11+/28+. Daily studies have

room to move before O/S becomes an issue. The Bollinger base 117-032 is the key

concern for bears with potential to limit follow through. Layers of resistance

remain 117-13+/17+ with bulls needing a close above the channel top to hint at a

shift higher is focus and above 117-21+ to target 55 & 100-DMAs (117-28/30).

US 10-YR FUTURE TECHS: (Z17) 125-16+ Resistance Confirms Significance

*RES 4: 125-25+ High Oct 13 

*RES 3: 125-16+ Hourly support Oct 16 now resistance 

*RES 2: 125-05+ Hourly support Oct 19 now resistance 

*RES 1: 125-03+ Hourly resistance Oct 20

*PRICE: 124-30+ @ 0930GMT

*SUP 1: 124-26+ Bollinger band base

*SUP 2: 124-22+ Low Oct 6

*SUP 3: 124-15 Daily Bear channel base A

*SUP 4: 123-23+ Daily Bear channel base B

*COMMENTARY: The aggressive recovery from ahead of 125-01+ remained capped ahead

of the 125-16+ resistance and the bear channel top (125-12+). Layers of

resistance building is adding weight to the bearish case. 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 124-31 to confirm focus on

124-14/22+ where July lows are situated.

US 30-YR FUTURE TECHS: (Z17) 151-27 Support Now Key

*RES 4: 154-06 - Daily Bear channel top A 

*RES 3: 153-29 - Daily Bear channel top B 

*RES 2: 153-22 - 100-DMA 

*RES 1: 152-25 - Low Oct 18 now resistance

*PRICE: 152-16 @ 0930GMT

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

*SUP 2: 152-02 - Low Oct 11

*SUP 3: 151-15 - Bollinger band base

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

*COMMENTARY: The rally Thursday remained capped ahead of bear channel tops and

the 55-DMA with the break below 152-25 seeing focus on 151-27. Bears need a

close below 151-27 to shift focus to 149-24/151-07 where channel bases and

monthly lows are noted. Bulls look for a close above bear channel top A to

confirm an easing of bearish pressure and shift immediate focus to 155-04/18.

Daily studies are well placed for further downside before O/S becomes an issue.

US EURODOLLAR TECHS: (Z17) 98.510-525 Resistance Key

*RES 4: 98.525 - Repeated daily highs Sept 

*RES 3: 98.516 - 200-DMA 

*RES 2: 98.510 - High Oct 13 

*RES 1: 98.505 - High Oct 19

*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 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 98.540-547

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]