MNI Asian Morning FI Technical Analysis

30 August 2017

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (U17) 55-DMA Now Capping 

*RES 4: 98.122 - 100-DMA 

*RES 3: 98.090 - High Aug 4 

*RES 2: 98.065 - 200-DMA 

*RES 1: 98.051 - 55-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 remains capped on bounces by key DMAs with the 55-DMA

capping Tuesday. Layers of resistance 98.051-130 remain key. Bulls need a close

above the 200-DMA to add support to their case for a break higher with above

98.130 needed to end bearish hopes and initially target 98.200-240. Bears

continue to look for a close below 97.970 to add weight to the case for a move

back to 97.810-860.

AUSSIE 10-YR TECHS: (U17) 97.3150 & 55-WMA Levels Key 

*RES 4: 97.4450 - High June 30

*RES 3: 97.4250 - High Aug 18

*RES 2: 97.4200 - High Aug 29

*RES 1: 97.3650 - Hourly support Aug 29 now resistance

*PRICE: 97.3650 @ 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 continue to look for a close

above the 55-WMA (97.4477) to shift focus to 97.6100-6750.

US 10-YR FUTURE TECHS: (U17) 126-250/300 Support Region Key

*RES 4: 127-310 - 100-WMA 

*RES 3: 127-190 - 2017 High Aug 29 

*RES 2: 127-170 - Daily Bull channel top 

*RES 1: 127-110 - Hourly resistance Aug 29

*PRICE: 127-070 @ 0430GMT

*SUP 1: 127-030 - Hourly support Aug 29

*SUP 2: 126-300 - Repeated daily highs now support

*SUP 3: 126-250 - Hourly support Aug 25

*SUP 4: 126-200 - Hourly resistance Aug 22 now support

*COMMENTARY: Follow through was lacking on Tuesday's rally with the Bollinger

top (127-060) the key concern for bulls who now focus on the 100-WMA. A weekly

close above the 100-WMA was last seen in Nov 2016. Layers of support continue to

build but the 126-250/300 support remains key. Bears need a close below 126-300

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

back to 126-110-170 where the bull channel base and 21-DMA are situated.

US 10-YR YIELD TECHS: Follow Through Lacking

*RES 4: 2.206 - Hourly support Aug 23 now resistance 

*RES 3: 2.180 - High Aug 28 

*RES 2: 2.155 - Low Aug 28 now resistance 

*RES 1: 2.141 - High Aug 29

*PRICE: 2.129 @ 2130GMT

*SUP 1: 2.119 - Hourly resistance Aug 29 now support 

*SUP 2: 2.088 - 2017 Low Aug 29 

*SUP 3: 2.054 - 100-WMA 

*SUP 4: 1.991 - Low Nov 10

*COMMENTARY: Failure ahead of 2.229 in previous week's has now resulted in fresh

2017 and 10mth lows with bears now initially focused on 1.991-2.054 with overall

focus on 1.879 which is the breakout level from Nov 2016. The lack of follow

though is less than ideal with the Bollinger base hinting the move is a little

overdone. The 2.141-180 resistance is key today with bulls needing a close above

2.155 to gain breathing room and above 2.180 to shift focus back to 2.206-2.229.

JGB TECHS: (U17) Bulls Focused On 151.58-152.04 

*RES 4: 152.04 - Monthly high Nov 9

*RES 3: 151.58 - Low Oct 28 now resistance

*RES 2: 151.35 - 2017 High Aug 29

*RES 1: 151.34 - Bollinger band top

*PRICE: 151.27 @ 2130GMT

*SUP 1: 151.17 - High Aug 28 now support 

*SUP 2: 151.01 - High Aug 24 now support 

*SUP 3: 150.95 - Alternating hourly support/resistance 

*SUP 4: 150.84 - High Aug 18 now support

*COMMENTARY: The rally from 149.65 July lows resulted in fresh 2017 and 10mth

highs Tuesday with bulls now focused on 151.58-152.04 where Nov highs are

situated. O/B daily studies and the Bollinger top remain the key concerns for

bulls. Initial support is noted at 151.17 with bears needing a close below to

ease immediate bullish pressure and below 151.01 to initially shift focus back

to 150.66-84.

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

[TOPICS: MTABLE]