MNI Asian Morning FI Technical Analysis

29 August 2017

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (U17) Bulls Need Close Above 21-DMA 

*RES 4: 98.090 - High Aug 4 

*RES 3: 98.066 - 200-DMA 

*RES 2: 98.054 - 55-DMA 

*RES 1: 98.036 - 21-DMA

*PRICE: 97.990 @ 2130GMT

*SUP 1: 97.970 - Low Aug 28 

*SUP 2: 97.940 - Low July 26 

*SUP 3: 97.900 - Low July 21 

*SUP 4: 97.864 - 200-WMA

*COMMENTARY: The contract is looking a little heavy having broken the 97.980

support although follow through has been lacking with the Bollinger base

(97.987) a concern for bears. Layers of resistance remain with bulls now needing

a close above the 21-DMA to ease bearish pressure and above the 200-DMA to

return focus to 98.090-130 where the 100-DMA (98.123) is located. Bears now need

a close below 97.970 to add weight to the case for a test of 97.810-860.

AUSSIE 10-YR TECHS: (U17) 97.3150 Support Remains Key 

*RES 4: 97.4450 - High June 30

*RES 3: 97.4250 - High Aug 18

*RES 2: 97.3900 - High Aug 2

*RES 1: 97.3784 - 55-DMA

*PRICE: 97.3450 @ 2130GMT

*SUP 1: 97.3173 - 200-DMA

*SUP 2: 97.3150 - Low Aug 15

*SUP 3: 97.2975 - Bollinger band base

*SUP 4: 97.2500 - Low July 27

*COMMENTARY: The 97.3150 support confirmed significance having stalled the

correction lower from 55 & 100-DMA failures. Bears need a close below 97.3150 to

confirm a break of the 200 DMA and below 97.1650 to confirm focus on tests of

96.9800-97.0600 where 2017 lows are located. Bulls look for a close above the

55-DMA to ease pressure on the 200-DMA and above the 55-WMA (97.4470) to shift

focus to 97.6100-6750.

US 10-YR FUTURE TECHS: (U17) Bears Need Close Below 126-250

*RES 4: 127-080 - Monthly High June 14 

*RES 3: 127-070 - 200-WMA 

*RES 2: 127-010 - High Aug 18 

*RES 1: 127-040 - Bollinger band top

*PRICE: 126-310 @ 2130GMT

*SUP 1: 126-300 - Repeated daily highs now support

*SUP 2: 126-250 - Hourly support Aug 25

*SUP 3: 126-200 - Hourly resistance Aug 22 now support

*SUP 4: 126-160 - Low Aug 23

*COMMENTARY: Bears failed to capitalise on Tuesday's sell-off with the

aggressive rally and bullish close retaining immediate focus on 127-010/160

where June highs and the bull channel top are located. Layers of support remain.

Support layers accumulating adds to bullish confidence with bears now needing a

close below 126-250 to ease immediate bullish pressure and hint at a correction

back to 126-110-160 where the bull channel base and 21-DMA are situated.

US 10-YR YIELD TECHS: Focus Remains on 2017 Low

*RES 4: 2.250 - Alternating hourly support/resistance 

*RES 3: 2.229 - Hourly resistance Aug 17 

*RES 2: 2.206 - Hourly support Aug 23 now resistance 

*RES 1: 2.180 - High Aug 28

*PRICE: 2.159 @ 2130GMT

*SUP 1: 2.155 - Low Aug 28 

*SUP 2: 2.145 - Bollinger band base 

*SUP 3: 2.121 - Low June 26 

*SUP 4: 2.103 - 2017 Low June 14

*COMMENTARY: Failure ahead of the 2.229 resistance last week added to the

significance of this level and resulted in bears remaining focused on tests of

2017 lows. A close below 2.103 is needed to shift immediate bearish focus to the

100-WMA (2.055) and overall focus to tests of 1.879. Layers of resistance are

accumulating and weighing with bulls needing a close above 2.206 to ease bearish

pressure and above 2.229 to hint at a shift higher in focus.

JGB TECHS: (U17) Hesitating Ahead of 2017 High 

*RES 4: 151.58 - Low Oct 28 now resistance

*RES 3: 151.22 - Bollinger band top

*RES 2: 151.21 - 2017 High Apr 17 & 20

*RES 1: 151.19 - High Aug 28

*PRICE: 151.14 @ 2130GMT

*SUP 1: 151.01 - High Aug 24 now support 

*SUP 2: 150.95 - Alternating hourly support/resistance 

*SUP 3: 150.84 - High Aug 18 now support 

*SUP 4: 150.66 - Low Aug 23

*COMMENTARY: Bulls now focus on 2017 highs following last week's gains as layers

of support continue to accumulate. Daily studies remain at very O/B levels and

the Bollinger top is limiting follow through. In saying that, bears need a close

below 151.01 to ease bullish pressure and below 150.66 to shift focus back to

DMAs clustered 150.35-56. Bulls look for a close above 2017 highs to shift

initial focus to 151.58.

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

[TOPICS: MTABLE]