MNI Asian Morning FI Technical Analysis

7 September 2017

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (U17) Bears Need Close Below 97.930 

*RES 4: 98.090 - High Aug 4 

*RES 3: 98.061 - 200-DMA 

*RES 2: 98.050 - High Aug 30 

*RES 1: 98.039 - Daily Bear channel top

*PRICE: 97.980 @ 2130GMT

*SUP 1: 97.960 - Low Sept 5 

*SUP 2: 97.930 - Low Aug 31 

*SUP 3: 97.900 - Low July 21 

*SUP 4: 97.869 - 200-WMA

*COMMENTARY: The contract remains capped on attempts to rally with the

98.039-130 region where key DMAs and the bear channel top are situated remaining

key resistance. The 97.930 support remains key. Bears look for a close below

97.930 to reconfirm the bearish bias and shift focus to 97.810-860 where 2017

lows are noted. The Bollinger base (97.963) is the key concern for bears with

potential to limit follow through.

AUSSIE 10-YR TECHS: (U17) 97.4200-4450 Resistance Region Key 

*RES 4: 97.4450 - High June 30

*RES 3: 97.4250 - High Aug 18

*RES 2: 97.4200 - High Aug 29

*RES 1: 97.4150 - High Sept 6

*PRICE: 97.3550 @ 2130GMT

*SUP 1: 97.3100 - Hourly resistance Aug 30 now support

*SUP 2: 97.3022 - 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 (97.3167) with the Bollinger base

limiting follow through. Narrowing Bollinger bands continue to suggest a

breakout. Layers of resistance remain with bulls needing a close above 97.4450

to end bearish hopes and shift focus to 97.6100-6750. Bears need close below

97.3100 to return pressure to 97.2500.

US 10-YR FUTURE TECHS: (Z17) Below 126-300 Shifts Focus To 126-160/190

*RES 4: 128-220 - Low Oct 28 now resistance 

*RES 3: 127-270 - High Nov 10 

*RES 2: 127-180 - High Sept 6, Daily bull channel top 

*RES 1: 127-070 - Alternating hourly support/resistance

*PRICE: 127-030 @ 2130GMT

*SUP 1: 126-300 - High Sept 4 now support

*SUP 2: 126-240 - Low Sept 5

*SUP 3: 126-190 - Low Sept 1

*SUP 4: 126-160 - 21-DMA

*COMMENTARY: The daily bull channel top has again capped with the Bollinger band

top (127-100) continuing to limit follow through. The close below 127-070 sees

bears gain breathing room but a close below 126-300 is needed to shift focus

back to 126-160/190 where the 21-DMA is noted. Bulls now look for a close above

127-070 to retain immediate focus on retests of the bull channel top with a

close above needed to target 127-270/128-220.

US 10-YR YIELD TECHS: 100-WMA Supporting For Now

*RES 4: 2.180 - High Aug 28 

*RES 3: 2.166 - Hourly resistance Aug 31 

*RES 2: 2.148 - High Sept 5 

*RES 1: 2.115 - Hourly resistance Sept 5a

*PRICE: 2.106 @ 2130GMT

*SUP 1: 2.080 - Hourly resistance Sept 6 now support 

*SUP 2: 2.054 - 100-WMA, 2017 Low Sept 6 

*SUP 3: 1.991 - Low Nov 10 

*SUP 4: 1.879 - High Nov 1 now support

*COMMENTARY: The topside failure ahead of 2.180 has resulted in a sell-off and

fresh 2017 & 10mth lows that saw the 100-WMA pressured. Bears look for a close

below the 100-WMA to add weight to the case for a test of 1.879-1.991. The

Bollinger base (2.083) and modestly O/S studies are concerns for bears. In

saying that, bulls now need a close above 2.115 to gain breathing room and above

2.180 to shift initial focus back to 2.206-2.229.

JGB TECHS: (U17) Bears Need Close Below 151.01 

*RES 4: 151.58 - Low Oct 28 now resistance

*RES 3: 151.51 - Bollinger band top

*RES 2: 151.35 - 2017 High Aug 29

*RES 1: 151.32 - High Sept 1

*PRICE: 151.24 @ 2130GMT

*SUP 1: 151.10 - Low Sept 5 

*SUP 2: 151.01 - High Aug 24 now support 

*SUP 3: 150.95 - Alternating hourly support/resistance 

*SUP 4: 150.90 - 21-DMA

*COMMENTARY: Support emerging on dips back towards 151.01 provided bulls hope

and retains focus on the 151.35 resistance. Bulls need a close above this level

to confirm focus on 151.58-152.04 where Nov highs are noted. The 151.01 support

remains key. Bears need a close below this level to shift initial focus back to

150.84-90 where the 21-DMA is 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]