MNI US Morning FI Technical Analysis

24 November 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) Bulls Need Close Above 117-05+

*RES 4: 117-12  High Nov 3 

*RES 3: 117-05+ High Nov 15 

*RES 2: 117-02  Daily Bear channel top 

*RES 1: 117-01+ 21-DMA

*PRICE: 116-29+ @ 1030GMT

*SUP 1: 116-26  High Nov 22 now support

*SUP 2: 116-22+ Bollinger band base

*SUP 3: 116-20+ Low Nov 22

*SUP 4: 116-12  Daily Bear channel base

*COMMENTARY: Layers of resistance 117-01+/05+ where the bear channel top &

21-DMA are located remain key. Bulls need a close above 117-05+ to confirm an

easing of bearish pressure and to shift immediate focus to 117-12/13+ where the

55-DMA (117-12+) is located. Bears dominate while 117-05+ caps and remain

focused on the bear channel base with below 116-26 to gain breathing room and

below 116-20+ to confirm.

US 10-YR FUTURE TECHS: (Z17) Layers of Resistance 125-070/25+

*RES 4: 125-20+ 100-DMA 

*RES 3: 125-11+ 55-DMA 

*RES 2: 125-07  High Nov 15 

*RES 1: 125-04  High Nov 22 & 23

*PRICE: 124-31+ @ 1030GMT

*SUP 1: 124-30  21-DMA

*SUP 2: 124-27  Hourly support Nov 22

*SUP 3: 124-19  Lows Nov 21 & 22

*SUP 4: 124-16  Low Nov 14

*COMMENTARY: Despite pressure returning to 124-16 bulls took comfort in support

emerging ahead providing the catalyst for a bounce back towards 125-07/125-25+

where the bear channel top, 55 & 100-DMAs are located. Overall bulls need a

close above 125-07 to gain breathing room and above 125-25+ to confirm breaks of

key DMAs, ending bearish hopes and shifting immediate focus to 126-04+/09. Below

124-16 initially pressures 124-02/06.

US 30-YR FUTURE TECHS: (Z17) 154-26/155-18 Resistance Region Key

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

*RES 3: 155-18 High Sept 13 

*RES 2: 155-04 High Sept 25 

*RES 1: 154-26 High Nov 8

*PRICE: 154-11 @ 1030GMT

*SUP 1: 153-15 100-DMA

*SUP 2: 153-07 Daily Bull channel base

*SUP 3: 152-30 Low Nov 15

*SUP 4: 151-31 Low Nov 13

*COMMENTARY: Hesitation ahead of layers of resistance 154-26/155-18 is less than

ideal for bulls. Bulls need a close above 154-26 to reconfirm the bullish bias

and above 155-18 to shift initial focus to 156-07/157-01 where the daily bull

channel top (156-19) is located. The 152-30/153-15 support region remains key

with bears needing a close below 152-30 to confirm breaks of DMAs and the

channel base, initially targeting 151-22/31.

US EURODOLLAR FUTURE TECHS: (Z17) 98.475 Resistance Remains Key

*RES 4: 98.505 Highs Oct 19 & 20 

*RES 3: 98.498 55-DMA 

*RES 2: 98.475 Repeated daily highs Nov 

*RES 1: 98.471 21-DMA

*PRICE: 98.455 @ 1030GMT

*SUP 1: 98.445 Low Nov 21 & 22

*SUP 2: 98.425 Daily Bear channel base

*SUP 3: 98.400 Low Mar 20

*SUP 4: 98.380 Low Mar 16

*COMMENTARY: The 98.445 low from Apr 7 is currently supporting with bears

needing a close below to see the bear channel base pressured. Overall bears need

a close below 98.425 to target 98.335 with below 98.380 to add weight to their

case. The 98.471-475 resistance region where the bear channel top and 21-DMA are

located remains key. Bulls need a close above 98.475 to shift focus to key DMAs

98.498-98.525.

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

[TOPICS: MTABLE]