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MNI Asian Morning FI Technical Analysis

16 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 Targets 97.810-860 
*RES 4: 98.097 - 55-DMA 
*RES 3: 98.078 - 200-DMA 
*RES 2: 98.060 - Alternating hourly support/resistance 
*RES 1: 98.027 - 21-DMA
*PRICE: 98.010 @ 2130GMT
*SUP 1: 98.000 - 21-DMA 
*SUP 2: 97.980 - Alternating daily support/resistance 
*SUP 3: 97.950 - Bollinger band base 
*SUP 4: 97.940 - Low July 26
*COMMENTARY: Topside failures around the 200-DMA have taken their toll with a
close below the 21-DMA that leaves U17 looking heavy and immediate focus now on
97.980. Bears look for a close below this level to add weight to the case for a
move back to 97.810-860. Initial resistance is noted at the 21-DMA with bulls
needing a close above to ease bearish pressure and above 98.060 to pressure 200
& 55-DMAs.
AUSSIE 10-YR TECHS: (U17) 97.3150 Support Key Today 
*RES 4: 97.4450 - High June 30
*RES 3: 97.4140 - 55-DMA
*RES 2: 97.3950 - Hourly resistance Aug 14
*RES 1: 97.3600 - Hourly resistance Aug 15
*PRICE: 97.3300 @ 2130GMT
*SUP 1: 97.3150 - Low Aug 15
*SUP 2: 97.2500 - Low July 27
*SUP 3: 97.2100 - Monthly Low July 20
*SUP 4: 97.1650 - High Mar 16 now support
*COMMENTARY: Hesitation around the 55-DMA has taken its toll with a bearish
close leaving U17 looking heavy. Bears now look for a close below 97.3150 to
confirm breaks of 21 (97.3286) & 200 (97.3279) DMAs and below 97.1650 to confirm
focus on tests of 96.9800-97.0600 where 2017 lows are located. Bulls now need a
close above 97.3600 to gain breathing room and above 97.4450 to shift focus
higher.
US 10-YR FUTURE TECHS: (U17) 125-290 Support Key
*RES 4: 127-030 - Daily Bull channel top 
*RES 3: 126-290 - High June 26 
*RES 2: 126-220 - Hourly resistance Aug 14 
*RES 1: 126-140 - Alternating hourly support/resistance
*PRICE: 126-030 @ 2130GMT
*SUP 1: 125-300 - Daily Bull channel base
*SUP 2: 125-290 - Low Aug 8
*SUP 3: 125-210 - 100-DMA
*SUP 4: 125-200 - Bollinger band base
*COMMENTARY: U17 remains heavy having closed marginally below 21 (126-050) & 55
(126-040) DMAs. Immediate focus is now on the 125-290/300 supports where the
daily bull channel base is noted. Bears need a close below 125-290 to end
bullish hopes with below 125-150 targeting 124-210/250. The 126-140/220
resistance is now key. Bulls need a close above 126-140 to ease bearish pressure
and above 126-220 to shift focus back to 126-290/127-080.
US 10-YR YIELD TECHS: Immediate Focus On 2.289
*RES 4: 2.337 - High July 25
*RES 3: 2.326 - 200-DMA
*RES 2: 2.323 - Daily Bear channel top
*RES 1: 2.289 - High Aug 4 & 8
*PRICE: 2.273 @ 2130GMT
*SUP 1: 2.250 - Hourly support Aug 15 
*SUP 2: 2.229 - High Aug 14 now support 
*SUP 3: 2.203 - Hourly support Aug 14 
*SUP 4: 2.177 - High June 21 now support
*COMMENTARY: Immediate focus is now on the 2.289 resistance with bulls needing a
close above to confirm focus on tests of 2.323-2.337 where the 200-DMA and bear
channel top are situated. Above 2.337 is now needed to hint at a move back to
2017 highs with above 2.398 confirming. The 2.229-250 support region is key.
Bears need a close below 2.229 to end bullish hopes and shift focus back to
2.175-177 where the 55-WMA is noted.
JGB TECHS: (U17) Bears Need Close Below 200-DMA 
*RES 4: 150.71 - 55-WMA
*RES 3: 150.70 - 100-WMA
*RES 2: 150.67 - High June 28
*RES 1: 150.62 - Daily Bull channel top
*PRICE: 150.59 @ 2130GMT
*SUP 1: 150.44 - 200-DMA 
*SUP 2: 150.32 - 55-DMA 
*SUP 3: 150.26 - 21-DMA 
*SUP 4: 150.11 - Low Aug 2
*COMMENTARY: Closes above 100 (150.49) and 200 (150.44) DMAs adds support to the
bullish case with focus on layers of resistance 150.67-150.92 where WMAs are
noted. The Bollinger top (150.54) is the key concern for bulls with potential to
limit follow through. The 200-DMA remains initial support with bears needing a
close below to ease bullish pressure and below the 21-DMA so shift focus back to
150.03-06.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]

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