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MNI Asian Morning FI Technical Analysis 

11 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: 98.030 - 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
98.050-130 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 (97.969) is the key concern for bears with
potential to limit follow through.
AUSSIE 10-YR TECHS: (U17) Bears Need Close Below 97.4000 Today 
*RES 4: 97.6100 - High June 27
*RES 3: 97.5200 - Low June 20 now resistance
*RES 2: 97.4848 - 100-WMA
*RES 1: 97.4500 - High Sept 8
*PRICE: 97.4250 @ 2130GMT
*SUP 1: 97.4000 - Hourly resistance Sept 7 now support
*SUP 2: 97.3400 - Low Sept 7
*SUP 3: 97.3183 - 200-DMA
*SUP 4: 97.3100 - Hourly resistance Aug 30 now support
*COMMENTARY: The 200-DMA supported on attempts to break lower with bulls now
pressuring the key 97.4500 resistance level. The Bollinger band top (97.4274) is
the key concern for bulls and currently limits follow through. Bulls now need a
close above 97.4500 to end bearish hopes and shift focus to 97.6100-6750. Bears
still 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) Topside Follow Through Lacking
*RES 4: 130-140 - Monthly High Nov 9 2016 
*RES 3: 128-220 - Low Oct 28 now resistance 
*RES 2: 127-290 - Daily bull channel top 
*RES 1: 127-280 - High Sept 8
*PRICE: 127-160 @ 2130GMT
*SUP 1: 127-120 - Low Sept 8
*SUP 2: 126-300 - High Sept 4 now support
*SUP 3: 126-240 - Low Sept 5
*SUP 4: 126-210 - 21-DMA
*COMMENTARY: Bulls managed a pop above the 127-270 level Friday but the lack of
topside follow through and the Bollinger top (127-170) remain concerns. The
126-300 support remains key with bears needing a close below to shift focus back
to 126-190/210 where the 21-DMA is located. While 126.300 supports bulls now
focus on tests of 128.220. Daily studies lingering at O/B levels is less than
ideal for bulls but 126-300 is key.
US 10-YR YIELD TECHS: 2.115-180 Resistance Key
*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: 2.075 - High Sept 8
*PRICE: 2.061 @ 2130GMT
*SUP 1: 2.039 - Hourly resistance Sept 8 now support 
*SUP 2: 2.016 - 2017 Low Sept 8 
*SUP 3: 1.991 - Low Nov 10 
*SUP 4: 1.879 - High Nov 1 now support
*COMMENTARY: Bears failed to manage a weekly close below the 100-WMA (2.054)
with downside follow through lacking Friday on fresh 2017 and 10mth lows. Bears
initially focus on 1.991 and then the key 1.879 support below which is needed to
target 1.716 with a weekly close below the 100-WMA to add weight to the case.
Layers of resistance remain with bulls needing a 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: 151.56 - Daily bull channel top
*RES 1: 151.51 - 2017 High Sept 8
*PRICE: 151.43 @ 2130GMT
*SUP 1: 151.40 - Hourly support Sept 8 
*SUP 2: 151.32 - High Sept 1 now support 
*SUP 3: 151.21 - Low Sept 7 
*SUP 4: 151.10 - Low Sept 5
*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 focus on 151.56-58 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 to 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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