MNI Asian Morning FI Technical Analysis

1 August 2017

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (U17) Layers of Resistance 98.050-140 

*RES 4: 98.118 - 100-DMA 

*RES 3: 98.092 - 200-DMA 

*RES 2: 98.080 - High June 30 

*RES 1: 98.050 - High July 27

*PRICE: 98.040 @ 2130GMT

*SUP 1: 98.002 - 21-DMA 

*SUP 2: 97.980 - Alternating daily support/resistance 

*SUP 3: 97.940 - Low July 26 

*SUP 4: 97.926 - Bollinger band base

*COMMENTARY: The contract is gaining traction above the 21-DMA with pressure

remaining on the 98.050 resistance. Layers of resistance 98.050-140 where DMAs

are located remains key. Bulls need a close above the 55-DMA (98.140) to end

bearish hopes and initially target 98.200-240. The 97.980-002 support region is

key. Bears need a close below 97.980 to confirm a break of the 21-DMA and shift

focus back to 97.860 July lows.

AUSSIE 10-YR TECHS: (U17) Bears Need Close Below 98.2750 

*RES 4: 97.4465 - 55-DMA

*RES 3: 97.3861 - 100-DMA

*RES 2: 97.3473 - 200-DMA

*RES 1: 97.3350 - High July 13

*PRICE: 97.3000 @ 2130GMT

*SUP 1: 97.2750 - Low July 28

*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 97.3350-3861 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 still need a close below 97.2750 to ease pressure on resistance layers and

below 97.1650 to target 2017 lows. Narrowing Bollinger bands are suggesting a

breakout in the near future.

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

*RES 4: 126-290 - High June 26 

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

*RES 2: 126-050 - Daily Bear channel top 

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

*PRICE: 125-280 @ 2130GMT

*SUP 1: 125-250 - Hourly support July 28

*SUP 2: 125-210 - Alternating hourly support/resistance

*SUP 3: 125-150 - Low July 25

*SUP 4: 125-090 - 100-DMA

*COMMENTARY: The 125-070/150 support region remains key with the 100-DMA noted

at 125-090. Bulls take comfort in bounces from 125-150 although the 126-050/120

resistance region remains key. Bulls need a close above 126-120 to confirm a

break of the bear channel top and shift focus to 126-290/127-080 where 2017

highs are noted. Bears look for a close below 125-070 to end bullish hopes and

shift initial focus to 124-210/250.

US 10-YR YIELD TECHS: 2.228-229 Support Key

*RES 4: 2.366 - High July 13

*RES 3: 2.354 - Daily Bear channel top

*RES 2: 2.337 - Hourly resistance July 14

*RES 1: 2.313 - 21-DMA

*PRICE: 2.296 @ 2130GMT

*SUP 1: 2.273 - Low July 31 

*SUP 2: 2.250 - 55-DMA 

*SUP 3: 2.241 - Hourly support July 24 

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

*COMMENTARY: The rejection around 2.337 last week leaves the yield looking heavy

and immediate focus on 2.228-229 where the 200-WMA is situated. Bears now look

for a close below the 200-WMA to confirm focus back on the 2.103 2017 low and

below 2.103 to target 1.879. Layers of resistance remain with bulls needing a

close above 2.337 to see pressure back on 2.354-396 where the bear channel top

and July highs are located.

JGB TECHS: (U17) 150.03 Support Remains Key 

*RES 4: 150.48 - 100-DMA

*RES 3: 150.36 - 55-DMA

*RES 2: 150.33 - High July 25

*RES 1: 150.27 - High July 27

*PRICE: 150.13 @ 2130GMT

*SUP 1: 150.07 - 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 still need 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]