MNI Asian Morning FI Technical Analysis

28 July 2017

By Kyle Shortland

Click below for today's MNI FI Technical Analysis Report -

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (U17) 97.980 Support Key 

*RES 4: 98.114 - 100-DMA 

*RES 3: 98.094 - 200-DMA 

*RES 2: 98.080 - High June 30 

*RES 1: 98.050 - High July 27

*PRICE: 98.010 @ 2130GMT

*SUP 1: 97.980 - Alternating daily support/resistance 

*SUP 2: 97.940 - Low July 26 

*SUP 3: 97.928 - Bollinger band base 

*SUP 4: 97.900 - Hourly support July 20

*COMMENTARY: Bulls took comfort in the bounce from Wednesday's low that resulted

in a close above the 21-DMA (97.999) which added support to the bullish case.

The lack of follow through above 98.040 is less than ideal for bulls. In saying

that, bears need a close below 97.980 to ease pressure on 98.050-080 and shift

immediate focus back to 98.940 and overall focus back to 97.860-900.

AUSSIE 10-YR TECHS: (U17) Bears Need Close Below 98.2850 

*RES 4: 97.4486 - 55-DMA

*RES 3: 97.3799 - 100-DMA

*RES 2: 97.3511 - 200-DMA

*RES 1: 97.3350 - High July 13

*PRICE: 97.2900 @ 2130GMT

*SUP 1: 97.2850 - Hourly resistance July 26 now support

*SUP 2: 97.2500 - Hourly support July 26

*SUP 3: 97.2350 - Low July 26

*SUP 4: 97.2100 - Low July 20

*COMMENTARY: The contract continues to hesitate ahead of the 97.3350-3799 region

where 200 & 100-DMAs are situated. Bulls need a close above the 100-DMA to hint

at a shift higher in focus with a close above the 55-DMA to target 2017 highs.

Bears now need a close below 97.2850 to ease pressure on resistance layers and

below 97.1650 to target 2017 lows.

US 10-YR FUTURE TECHS: (U17) 125-070/150 Support Key

*RES 4: 126-290 - High June 26 

*RES 3: 126-120 - High July 21 & 24 

*RES 2: 126-070 - Daily Bear channel top 

*RES 1: 126-020 - Low July 24 now resistance

*PRICE: 125-240 @ 2130GMT

*SUP 1: 125-210 - Low July 27

*SUP 2: 125-150 - Low July 25

*SUP 3: 125-070 - High July 11 now support, 100-DMA

*SUP 4: 124-250 - Low July 7

*COMMENTARY: The bounce from the 125-150 support has lacked follow through with

topside hesitation a concern for bulls when combined with waning momentum and

daily studies correcting from O/B. The 125-070/150 support region remains key.

Bears need a close below 125-150 to ease bullish pressure and below 125-070 to

confirm a break of the 100-DMA and pressure 124-210/250. Bulls need a close

above 126-120 to target 2017 highs.

US 10-YR YIELD TECHS: 2.229 Support Key

*RES 4: 2.375 - Hourly resistance July 11

*RES 4: 2.366 - High July 13

*RES 3: 2.360 - Daily Bear channel top

*RES 2: 2.337 - Hourly resistance July 14

*PRICE: 2.319 @ 2130GMT

*SUP 1: 2.276 - Low July 27 

*SUP 2: 2.254 - 55-DMA 

*SUP 3: 2.241 - Hourly support July 24 

*SUP 4: 2.229 - Low July 21, Low July 24

*COMMENTARY: Bears continue to take comfort in the 2.337 resistance remaining

unbroken with bulls needing a close above this level to see pressure back to

2.360-396 where the bear channel top and July highs are located. Correcting O/S

studies is the key concern for bears who now need a close below 2.276 to retain

focus on the key 2.229 support. A close below 2.229 is needed to confirm focus

on 2017 lows.

JGB TECHS: (U17) Bulls Need Close Above 55-DMA 

*RES 4: 150.49 - 100-DMA

*RES 3: 150.38 - 55-DMA

*RES 2: 150.33 - High July 25

*RES 1: 150.27 - High July 27

*PRICE: 150.18 @ 2130GMT

*SUP 1: 150.08 - 21-DMA 

*SUP 2: 150.06 - Low July 20 

*SUP 3: 150.03 - Low July 18 

*SUP 4: 149.92 - Low July 17

*COMMENTARY: The bounce from the 21-DMA Wednesday provided bulls with hope but

layers of resistance 150.33-150.67 remain as issue. Bulls continue to look for a

close above the 55-DMA to hint at a shift higher in focus with above 150.67

confirming and targeting 2017 highs. Bears continue to look for a close below

150.03 to confirm a break of the 21-DMA and shift focus back to 149.65. Daily

studies correcting from O/B are the key concern for bulls.

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

[TOPICS: MTABLE]