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MNI Asian Morning FI Technical Analysis 

1 September 2017
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (U17) Downside Follow Through Lacking 
*RES 4: 98.063 - 200-DMA 
*RES 3: 98.041 - 55-DMA 
*RES 2: 98.038 - Daily Bear channel top 
*RES 1: 98.021 - 21-DMA
*PRICE: 97.990 @ 2130GMT
*SUP 1: 97.969 - Bollinger band base 
*SUP 2: 97.930 - Low Aug 31 
*SUP 3: 97.900 - Low July 21 
*SUP 4: 97.864 - 200-WMA
*COMMENTARY: Despite breaking the 97.940 support Thursday, follow though has
been lacking with bulls taking comfort from a relatively bullish close. Layers
of resistance remain 98.021-130. Bulls now look for a close above the 200-DMA to
add support to the case for a break higher with above 98.130 needed to end
bearish hopes, initially targeting 98.200 with overall focus shifting to 2017
highs. Bears now need a close below 97.930 to target 2017 lows.
AUSSIE 10-YR TECHS: (U17) Bulls Take Comfort In Bounce 
*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: 97.3350 @ 2130GMT
*SUP 1: 97.3100 - Hourly resistance Aug 30 now support
*SUP 2: 97.3062 - Bollinger band base
*SUP 3: 97.2500 - Low July 27
*SUP 4: 97.2100 - Monthly Low July 20
*COMMENTARY: Having supported for most of August, bears failed to capitalise on
the break of the 97.3150 support and 200-DMA (97.3164) with the Bollinger band
base limiting follow through. Narrowing Bollinger bands continue to suggest a
breakout. Layers of resistance remain with bulls needing a close above the
55-WMA (97.4460) to end bearish hopes and 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: 127-200 - Daily Bull channel top 
*RES 2: 127-190 - 2017 High Aug 29 
*RES 1: 127-110 - Hourly resistance Aug 29
*PRICE: 127-080 @ 2130GMT
*SUP 1: 127-020 - Hourly support Aug 31
*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, 21-DMA
*COMMENTARY: The 126-300 support confirmed significance having supported
Thursday and potentially providing the base for a retest of 2017 highs. Bulls
look for a close above 127-190 to initially target the 100-WMA and then the
129-060 weekly breakdown level from Oct/Nov 2016. The 126-250/300 support
remains key. Bears need a close below 126-300 to ease immediate bullish pressure
and below 126-250 to shift focus back to 126-110-200.
US 10-YR YIELD TECHS: Focus On 2.054-088
*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 - Hourly resistance Aug 31
*PRICE: 2.121 @ 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: The correction from recent 2017 lows looks to be in trouble having
remained capped ahead of the 2.155-180 resistance region. Bulls continue to look
for a close above 2.155 to gain breathing room and above 2.180 to shift focus
back to 2.206-2.229. Pressure has returned to the 2.119 support with bears
needing a close below to add weight to the case for a test of the 100-WMA. A
close below then targets 1.879.
JGB TECHS: (U17) Bears Need Close Below 151.01 
*RES 4: 151.58 - Low Oct 28 now resistance
*RES 3: 151.40 - Bollinger band top
*RES 2: 151.35 - 2017 High Aug 29
*RES 1: 151.25 - Hourly resistance Aug 30a
*PRICE: 151.17 @ 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: 150.71 - 21-DMA
*COMMENTARY: The lack of topside follow through on fresh 2017 and 10mth highs
left the contract looking heavy but bears have so far failed to take out 151.01.
Bears need a close below this level to shift initial focus back to 150.66-84
where the 21-DMA is situated. Bulls now look for a close above 151.25 to retain
focus on 151.58-152.04 where Nov highs are situated. Very O/B studies looking to
correct 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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