MNI Asian Morning FI Technical Analysis

14 September 2017

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (U17) Below 97.930 to Target 97.810-860 

*RES 4: 98.059 - 200-DMA 

*RES 3: 98.050 - High Aug 30 

*RES 2: 98.016- Daily Bear channel top 

*RES 1: 97.980 - High Sept 13

*PRICE: 97.960 @ 2130GMT

*SUP 1: 97.950 - Low Sept 13 

*SUP 2: 97.930 - Low Aug 31 

*SUP 3: 97.900 - Low July 21 

*SUP 4: 97.875 - 200-WMA

*COMMENTARY: The daily bear channel top continues to cap attempts to rally with

the contract remaining heavy. Bears still need a close below 97.930 to reconfirm

the bearish bias and shift focus to tests of 97.810-860. Daily studies are well

placed for further losses with the Bollinger base (97.957) the key concern for

bears. Bulls now need a close above 97.980 to gain breathing room and above the

bear channel top to shift focus to 98.050-090.

AUSSIE 10-YR TECHS: (U17) Closes Below 200-DMA 

*RES 4: 97.4500 - High Sept 8

*RES 3: 97.4075 - Hourly support Sept 8 now resistance

*RES 2: 97.3725 - Hourly resistance Sept 12

*RES 1: 97.3400 - Low Sept 7 now resistance

*PRICE: 97.3125 @ 2130GMT

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

*SUP 2: 97.2949 - Bollinger band base

*SUP 3: 97.2500 - Low July 27

*SUP 4: 97.2100 - Monthly Low July 20

*COMMENTARY: The contract remains heavy with the close below the 200-DMA

(97.3188), albeit marginally, adding weight to the bearish case for a test of

the 97.2100-2500 support region. Bears look for a close below 97.2100 to confirm

overall focus to tests of 2017 lows. Daily studies are well placed for a fresh

leg lower with the Bollinger base (97.2949) the key concern for bears. Bulls

look for a close above 97.3400 to gain breathing room.

US 10-YR FUTURE TECHS: (Z17) Focus Now On 125-310/126-060

*RES 4: 127-120 - Low Sept 8 now resistance 

*RES 3: 127-050 - Hourly resistance Sept 11 

*RES 2: 126-270 - Hourly resistance Sept 12 

*RES 1: 126-180 - Hourly resistance Sept 13

*PRICE: 126-140 @ 2130GMT

*SUP 1: 126-130 - Low Sept 13

*SUP 2: 126-060 - Low Aug 23

*SUP 3: 126-010 - Low Aug 17

*SUP 4: 125-310 - 55-DMA

*COMMENTARY: The lack of topside follow through Friday has resulted in a close

below the bull channel base (126-170) and bearish focus now on 125-310/126-060

where the 55-DMA is located. Daily studies have room to move before O/S becomes

an issue. Layers of resistance continue to build and weigh with bulls needing a

close above 126-270 to gain breathing room and above 127-190 to reconfirm focus

on 127-280/128-220.

US 10-YR YIELD TECHS: 2.118-171 Support Region Key

*RES 4: 2.242 - 100-DMA 

*RES 3: 2.236 - 55-DMA 

*RES 2: 2.229 - Hourly resistance Aug 17 

*RES 1: 2.206 - Hourly support Aug 23 now resistance

*PRICE: 2.194 @ 2130GMT

*SUP 1: 2.171 - Hourly resistance Sept 13 now support 

*SUP 2: 2.143 - Hourly support Sept 12 

*SUP 3: 2.118 - Hourly support Sept 11 

*SUP 4: 2.096 - Hourly breakout level Sept 11

*COMMENTARY: Bulls take comfort as they gain traction above the 21-DMA (2.158)

and focus on the 2.206-2.242 region where 55 & 100-DMAs are located. Daily

studies have room to move before O/B becomes an issue. Layers of support

continue to build with bears needing a close below 2.171 to gain breathing room

and below 2.118 to ease renewed bullish pressure and shift initial focus back to

2.075. Above the 100-DMA initially pressures the bear channel top (2.266).

JGB TECHS: (Z17) 151.09-26 Resistance Region Key 

*RES 4: 151.37 - High Sept 8

*RES 3: 151.26 - High Sept 11

*RES 2: 151.09 - Hourly support Sept 12 now resistance

*RES 1: 150.99- Hourly resistance Sept 12

*PRICE: 150.90 @ 2130GMT

*SUP 1: 150.82 - 100-WMA 

*SUP 2: 150.79 - Low Sept 13 

*SUP 3: 150.66 - Low Aug 23 

*SUP 4: 150.58 - 100-DMA

*COMMENTARY: The correction lower continues with the dip below the daily bull

channel base (150.88) having lacked follow through. Bears now look for a close

below 150.79 to confirm a break of the 100-WMA and bull channel base and

pressure the 150.42-66 region where key DMAs are situated. Bulls continue to

look for a close above 151.09 to ease bearish pressure and above 151.26 to shift

focus back to 2017 highs.

--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com

[TOPICS: MTABLE]