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MNI Asian Morning FI Technical Analysis

8 September 2017
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (U17) Sideways Trading Continues 
*RES 4: 98.090 - High Aug 4 
*RES 3: 98.060 - 200-DMA 
*RES 2: 98.050 - High Aug 30 
*RES 1: 98.034 - Daily Bear channel top
*PRICE: 98.020 @ 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
98.034-130 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 (97.965) is the key concern for bears with
potential to limit follow through.
AUSSIE 10-YR TECHS: (U17) Pressuring Key Resistance 
*RES 4: 97.6100 - High June 27
*RES 3: 97.5200 - Low June 20 now resistance
*RES 2: 97.4842 - 100-WMA
*RES 1: 97.4450 - High June 30
*PRICE: 97.4250 @ 2130GMT
*SUP 1: 97.4000 - Hourly resistance Sept 7 now support
*SUP 2: 97.3400 - Low Sept 7
*SUP 3: 97.3179 - 200-DMA
*SUP 4: 97.3100 - Hourly resistance Aug 30 now support
*COMMENTARY: The 200-DMA has supported on attempts to break lower this week with
bulls now pressuring the key 97.4450 resistance level. The Bollinger band top
(97.4246) is the key concern for bulls with potential to limit follow through.
Bulls need a close above 97.4450 to end bearish hopes and shift focus to
97.6100-6750. Bears now need a close below 97.4000 to gain breathing room and
below the 200-DMA to return focus to 97.1650-2500.
US 10-YR FUTURE TECHS: (Z17) Immediate Focus On 127-270
*RES 4: 130-140 - Monthly High Nov 9 2016 
*RES 3: 128-220 - Low Oct 28 now resistance 
*RES 2: 127-270 - High Nov 10, Daily bull channel top 
*RES 1: 127-230 - High Sept 7
*PRICE: 127-160 @ 2130GMT
*SUP 1: 127-140 - Hourly support Sept 7
*SUP 2: 126-300 - High Sept 4 now support
*SUP 3: 126-240 - Low Sept 5
*SUP 4: 126-190 - Low Sept 1, 21-DMA
*COMMENTARY: Failure to trouble the key 126-300 support Thursday saw bulls
continue to dominate with immediate focus now on 127-270. Bulls need a close
above this level to shift focus to 128-220. The Bollinger top (127-130) remains
the key concern for bulls. Initial support is now noted at 127-140 with bears
needing a close below to gain breathing room. A close below 126-300 is needed to
shift focus back to 126-190 where the 21-DMA is noted.
US 10-YR YIELD TECHS: Closes Below 100-WMA
*RES 4: 2.166 - Hourly resistance Aug 31 
*RES 3: 2.148 - High Sept 5 
*RES 2: 2.115 - Hourly resistance Sept 5a 
*RES 1: 2.066 - Hourly resistance Sept 7
*PRICE: 2.042 @ 2130GMT
*SUP 1: 2.034 - 2017 Low Sept 7 
*SUP 2: 1.991 - Low Nov 10 
*SUP 3: 1.879 - High Nov 1 now support 
*SUP 4: 1.716 - Low Nov 9
*COMMENTARY: The close below the 100-WMA (2.054) adds weight to the bearish case
following fresh 2017 and 10mth lows. Bears now look for a weekly close below the
100-WMA for increased significance. Immediate bearish focus has now shifted to
the 1.991 support. The 1.879 support is now key with a close below to initially
target 1.716. Bulls now need a close above 2.115 to ease bearish pressure and
above 2.180 to shift initial focus back to 2.206-2.229.
JGB TECHS: (U17) Bulls Focused On Channel Top 
*RES 4: 152.04 - Monthly High Nov 9 2016
*RES 3: 151.58 - Low Oct 28 now resistance
*RES 2: 151.54 - Bollinger band top, Daily bull channel top
*RES 1: 151.38 - 2017 High Sept 7
*PRICE: 151.36 @ 2130GMT
*SUP 1: 151.32 - High Sept 1 now support 
*SUP 2: 151.21 - Low Sept 7 
*SUP 3: 151.10 - Low Sept 5 
*SUP 4: 151.01 - High Aug 24 now support
*COMMENTARY: Support emerging on dips back towards 151.01 provided bulls hope
and has resulted in a break of the151.35 resistance on the way to fresh 2017 and
10mth highs. Bulls now focus on 151.54-58 where the bull channel top is
situated. O/B daily studies are seen as the key concern for bulls. Bears now
need a close below 151.32 top ease immediate bullish pressure and below 151.21
to shift focus back to 150.95-151.01 where the 21-DMA is noted.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]

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