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MNI Asian Morning FI Technical Analysis

12 September 2017
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (U17) Looking A Little Heavy 
*RES 4: 98.090 - High Aug 4 
*RES 3: 98.059 - 200-DMA 
*RES 2: 98.050 - High Aug 30 
*RES 1: 98.025 - Daily Bear channel top
*PRICE: 97.985 @ 2130GMT
*SUP 1: 97.960 - Low Sept 5 
*SUP 2: 97.930 - Low Aug 31 
*SUP 3: 97.900 - Low July 21 
*SUP 4: 97.875 - 200-WMA
*COMMENTARY: The contract remains capped on attempts to rally with the
98.025-130 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 (97.968) is the key concern for bears with
potential to limit follow through.
AUSSIE 10-YR TECHS: (U17) Focus Returns To 200-DMA 
*RES 4: 97.5200 - Low June 20 now resistance
*RES 3: 97.4847 - 100-WMA
*RES 2: 97.4500 - High Sept 8
*RES 1: 97.4075 - Hourly support Sept 8 now resistance
*PRICE: 97.3600 @ 2130GMT
*SUP 1: 97.3400 - Low Sept 7
*SUP 2: 97.3183 - 200-DMA
*SUP 3: 97.3100 - Hourly resistance Aug 30 now support
*SUP 4: 97.2500 - Low July 27
*COMMENTARY: Bulls have failed to gain traction above the 100-DMA (97.4054) with
the sell-off to start the new week leaving the contract looking a little heavy.
Focus has returned to the 200-DMA with bears needing a close below to sees
immediate pressure on the 97.2100-2550 support region. Resistance layers are
starting to build with bulls needing a close above 97.4075 to gain breathing
room and above 97.4500 to confirm focus on 97.5200-6100.
US 10-YR FUTURE TECHS: (Z17) Bears Focused On Channel Base
*RES 4: 127-280 - High Sept 8 
*RES 3: 127-190 - Hourly support Sept 7 now resistance 
*RES 2: 127-120 - Low Sept 8 now resistance 
*RES 1: 127-050 - Hourly resistance Sept 11
*PRICE: 126-290 @ 2130GMT
*SUP 1: 126-240 - Low Sept 5
*SUP 2: 126-220 - 21-DMA
*SUP 3: 126-190 - Low Sept 1
*SUP 4: 126-140 - Daily Bull channel base
*COMMENTARY: The lack of topside follow through Friday has resulted in a
correction gathering momentum and hinting at a move back to 126-140/220 where
the daily bull channel base and 21-DMA are situated Layers of resistance are
accumulating and weighing with bulls now needing a close above 127-050 to gain
breathing room and above 127-190 to reconfirm focus on 127-280/128-220. The
Bollinger top (127-170) remains the key concern for bulls.
US 10-YR YIELD TECHS: 2.180 Resistance Now Key
*RES 4: 2.180 - High Aug 28 
*RES 3: 2.166 - Hourly resistance Aug 31 
*RES 2: 2.160 - 21-DMA 
*RES 1: 2.148 - High Sept 5
*PRICE: 2.134 @ 2130GMT
*SUP 1: 2.096 - Hourly breakout level Sept 11 
*SUP 2: 2.075 - High Sept 8 now support 
*SUP 3: 2.039 - Hourly resistance Sept 8 now support 
*SUP 4: 2.016 - 2017 Low Sept 8
*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. The
gapping move higher Monday eased bearish pressure and sees immediate focus on
2.180. Bulls continue to look for a close above 2.180 to shift initial focus
back to 2.206-2.243 where key DMAs are noted. Bears now need a close below 2.075
to return initial focus to 2017 lows.
JGB TECHS: (U17) Looking A Little Heavy 
*RES 4: 151.58 - Low Oct 28 now resistance
*RES 3: 151.51 - 2017 High Sept 8
*RES 2: 151.40 - Hourly support Sept 8 now resistance
*RES 1: 151.29 - Hourly resistance Sept 11
*PRICE: 151.25 @ 2130GMT
*SUP 1: 151.21 - Low Sept 7 
*SUP 2: 151.10 - Low Sept 5 
*SUP 3: 151.04 - 21-DMA 
*SUP 4: 151.01 - High Aug 24 now support
*COMMENTARY: The lack of topside follow through Friday was a concern for bulls
given daily studies looking to correct from O/B adding weight to the case for a
correction. Immediate pressure has returned to the 151.21 support with the
contract looking a little heavy. Bears continue to look for a close below the
21-DMA to shift initial focus to 150.95-151.21 where the 21-DMA is noted. Bulls
now need a close above 151.40 to reconfirm a bullish bias.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]

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