MNI Asian Morning FI Technical Analysis

15 September 2017

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (U17) Bulls Need Close Above 97.950 

*RES 4: 97.998 - 21-DMA 

*RES 3: 97.980 - High Sept 13 

*RES 2: 97.950 - Low Sept 13 now resistance 

*RES 1: 97.935 - Hourly resistance Sept 14

*PRICE: 97.900 @ 2130GMT

*SUP 1: 97.880 - Low Sept 14 

*SUP 2: 97.874 - 200-WMA 

*SUP 3: 97.860 - Monthly Low July 20 

*SUP 4: 97.810 - 2017 Low Mar 10

*COMMENTARY: The daily bear channel top capping rallies left the contract

looking heavy this week and bears have not been dissatisfied with a sell-off

that now sees bears focused on 97.810-860 where 2017 lows are noted. The

Bollinger base (97.929) is the key concern for bears with potential to limit

follow through. Bulls now need a close above 97.950 to ease immediate bearish

pressure and above the 55-DMA to target 98.050-130.

AUSSIE 10-YR TECHS: (U17) Bears Focused On 97.1650-2100 

*RES 4: 97.3508 - 21-DMA

*RES 3: 97.3190 - 200-DMA

*RES 2: 97.2900 - Hourly resistance Sept 14

*RES 1: 97.2625 - Hourly support Sept 14 now resistance

*PRICE: 97.2500 @ 2130GMT

*SUP 1: 97.2325 - Low Sept 14

*SUP 2: 97.2100 - Monthly Low July 20

*SUP 3: 97.1650 - High Mar 16 now support

*SUP 4: 97.0600 - High Mar 10 now support

*COMMENTARY: Bears are gaining traction below the 200-DMA with focus now on

97.1650-2100. Bears look for a close below 97.1650 to confirm a return in focus

to tests of 2017 lows (96.9875). The Bollinger base (97.2677) is the key concern

for bears with potential to limit follow through. Layers of resistance are

weighing with bulls now needing a close above the 200-DMA to ease bearish

pressure and above the 21-DMA to shift focus back to 97.4500.

US 10-YR FUTURE TECHS: (Z17) Follow Through Lacking

*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: 126-150 @ 2130GMT

*SUP 1: 126-050 - Low Sept 14

*SUP 2: 126-010 - Low Aug 17

*SUP 3: 125-310 - 55-DMA, Bollinger band base

*SUP 4: 125-260 - 100-DMA

*COMMENTARY: Follow through was lacking Thursday with pressure returning to the

126-180/270 resistance region. Bulls now need a close above 126-180 to ease

bearish pressure and above 126-270 to shift initial focus back to 127-120.

Layers of support remain with bears now needing a close below the 55-DMA to add

weight to the case for a test of 2017 lows with a close below 125-170 to

confirm. The Bollinger base is the key concern for bears.

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

*RES 4: 2.241 - 100-DMA 

*RES 3: 2.236 - 55-DMA 

*RES 2: 2.216 - High Sept 14 

*RES 1: 2.204 - Hourly resistance Sept 14

*PRICE: 2.187 @ 2130GMT

*SUP 1: 2.185 - Low Sept 14 

*SUP 2: 2.171 - Hourly resistance Sept 13 now support 

*SUP 3: 2.143 - Hourly support Sept 12 

*SUP 4: 2.118 - Hourly support Sept 11

*COMMENTARY: The recovery from 2017 lows is in trouble having been aggressively

rejected ahead of the 55 & 100-DMAs Thursday. Resistance layers are now building

and weighing with bears needing a close below 2.171 to ease bullish pressure and

below 2.118 to shift initial focus back to 2.075 and overall focus back to tests

of 2017 lows. Bulls now need a close above 2.204 to gain breathing room and

above the 100-DMA to initially pressure the bear channel top (2.263).

JGB TECHS: (Z17) Finding Support Ahead Of Key DMAs 

*RES 4: 151.26 - High Sept 11

*RES 3: 151.09 - Hourly support Sept 12 now resistance

*RES 2: 150.99 - Hourly resistance Sept 12

*RES 1: 150.80 - Hourly resistance Sept 14

*PRICE: 150.78 @ 2130GMT

*SUP 1: 150.69 - Low Sept 14 

*SUP 2: 150.66 - Low Aug 23 

*SUP 3: 150.60 - Bollinger band base 

*SUP 4: 150.58 - 100-DMA

*COMMENTARY: The correction lower from 2017 highs is now hesitating ahead of the

150.66 support with key DMAs clustered 150.42-58 below. The Bollinger base is

the key concern for bears with potential to limit follow through. Bulls now look

for a close above 150.80 to gain breathing room and above 151.09 to hint at a

move back to 2017 highs with above 151.26 confirming.

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

[TOPICS: MTABLE]