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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]
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