MNI Asian Morning FI Technical Analysis

2 August 2017

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (U17) Below 97.980 To Shift Focus Lower 

*RES 4: 98.120 - 100-DMA 

*RES 3: 98.090 - 200-DMA 

*RES 2: 98.080 - High June 30 

*RES 1: 98.073 - Bollinger band top

*PRICE: 98.050 @ 2130GMT

*SUP 1: 98.001 - 21-DMA 

*SUP 2: 97.980 - Alternating daily support/resistance 

*SUP 3: 97.940 - Low July 26 

*SUP 4: 97.929 - Bollinger band base

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

98.050 confirming focus on 98.080-136 where key DMAs are located. The Bollinger

top is the key concern for bulls with potential to limit follow through. Bears

continue to look for a close below the 21-DMA to ease bullish pressure and below

97.980 to confirm focus on 97.810-860 where 2017 lows and 200-WMA are located.

AUSSIE 10-YR TECHS: (U17) 97.3350-4550 Resistance Region Key 

*RES 4: 97.4439 - 55-DMA

*RES 3: 97.3887 - 100-DMA

*RES 2: 97.3452 - 200-DMA

*RES 1: 97.3350 - High July 13

*PRICE: 97.3150 @ 2130GMT

*SUP 1: 97.3000 - Hourly support Aug 1

*SUP 2: 97.2550 - Low Aug 1

*SUP 3: 97.2500 - Hourly support July 26

*SUP 4: 97.2350 - Low July 26

*COMMENTARY: Bulls take comfort in the bounce from ahead of 97.2500 Tuesday that

retains pressure on the 97.3350-4550 region where key DMAs are situated. Bulls

need a close above 97.4550 to confirm a shift in focus to 97.6100-6750 where

2017 highs are noted. Bears now need a close below 97.3000 to gain breathing

room and below 97.2100 to end bullish hopes and shift focus back to 96.9800.

US 10-YR FUTURE TECHS: (U17) 126-120 Resistance Remains Key

*RES 4: 126-290 - High June 26 

*RES 3: 126-170 - Bollinger band top 

*RES 2: 126-120 - High July 21 & 24 

*RES 1: 126-080 - High Aug 1

*PRICE: 126-060 @ 2130GMT

*SUP 1: 126-030 - Hourly support Aug 1

*SUP 2: 125-290 - Hourly resistance Aug 1 now support

*SUP 3: 125-210 - Alternating hourly support/resistance, 21-DMA

*SUP 4: 125-150 - Low July 25

*COMMENTARY: The dip Tuesday found support around the 21-DMA with the bounce

resulting in a marginal close above the bear channel top (126-040) and immediate

focus back on 126-120. Bulls need a close above 126-120 to reconfirm the bullish

bias and shift focus to 126-290/127-080 where WMAs and 2017 highs are located.

Bears now need a close below 125-290 to ease bullish pressure and hint at a dip

back to 125-070/150.

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

*RES 4: 2.337 - Hourly resistance July 14

*RES 3: 2.321 - High Aug 1

*RES 2: 2.285 - Hourly support July 31 now resistance

*RES 1: 2.273 - Low July 31 now resistance

*PRICE: 2.253 @ 2130GMT

*SUP 1: 2.251 - Low Aug 1 

*SUP 2: 2.249 - 55-DMA 

*SUP 3: 2.241 - Hourly support July 24 

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

*COMMENTARY: The pop above the 21-DMA (2.310) was rejected ahead of the 2.337

resistance resulting in pressure back on the 55-DMA and a bearish close. Layers

of support 2.228-2.249 are now key. Bears need a close below the 200-WMA (2.228)

to shift immediate focus to tests of 2017 lows. Resistance layers are building

with a close above 2.285 needed to gain breathing room and above 2.337 to see

pressure back on 2.351-396 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: 150.35 - 55-DMA

*RES 2: 150.33 - High July 25

*RES 1: 150.27 - High July 27

*PRICE: 150.16 @ 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 150.03-07 support region where the 21-DMA is located remains

key. 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. Layers of resistance remain 150.27-51 with bulls needing

a close above to confirm breaks of key DMAs and the bear channel top, shifting

immediate focus to 150.67-92.

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

[TOPICS: MTABLE]