MNI Asian Morning FI Technical Analysis

18 September 2017

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (Z17) Bulls Need Close Above 97.950 

*RES 4: 97.950 - Low Sept 13 now resistance 

*RES 3: 97.935 - Hourly resistance Sept 14 

*RES 2: 97.880 - Low Sept 14 now resistance

*RES 1: 97.865 - Hourly resistance Sept 15

*PRICE: 97.810 @ 2130GMT

*SUP 1: 97.780 - 2017 Low Sept 15 

*SUP 2: 97.770 - Low Dec 17 2015 

*SUP 3: 97.669 - Daily Bear channel base 

*SUP 4: 97.605 - 2015 Low Dec 12

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

looking heavy last week resulting in fresh 2017 lows Friday and bears now

focused on the daily bear channel base and then 2015 lows. The Bollinger base

(97.888) is the key concern for bears with potential to limit follow through.

Bulls now look for a close above 97.880 to ease bearish pressure and above

97.950 to shift focus back to layers of resistance 97.988-98.130.

AUSSIE 10-YR TECHS: (Z17) 97.2325 Resistance Key Today 

*RES 4: 97.3188 - 200-DMA

*RES 3: 97.2900 - Hourly resistance Sept 14

*RES 2: 97.2325 - Hourly resistance Sept 15

*RES 1: 97.2100 - Monthly Low July 20 now resistance

*PRICE: 97.1900 @ 2130GMT

*SUP 1: 97.1650 - High Mar 16 now support

*SUP 2: 97.0600 - High Mar 10 now support

*SUP 3: 96.9875 - 2017 Low Mar 10

*SUP 4: 96.8850 - Low July 14 2015

*COMMENTARY: The contract remains a little heavy with immediate pressure back on

the 97.1650 support. Bears continue to look for a close below this level to

confirm a return in focus to tests of 2017 lows (96.9875). The Bollinger base

(97.2398) remains the key concern for bears with potential to limit follow

through. Layers of resistance are weighing with bulls now needing a close above

97.2325 to ease immediate bearish pressure.

US 10-YR FUTURE TECHS: (Z17) 126-180/270 Resistance Region Key

*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 & 15

*PRICE: 126-100 @ 2130GMT

*SUP 1: 126-050 - Low Sept 14

*SUP 2: 126-010 - Low Aug 17

*SUP 3: 126-000 - 55-DMA, Bollinger band base

*SUP 4: 125-260 - 100-DMA

*COMMENTARY: The sell-off from 127-280 continues to pressure the 126-050 support

with bears needing a close below the 55-DMA to add weight to the case for a test

of 2017 lows and a close below 125-170 to confirm. The Bollinger base is the key

concern for bears. Initial resistance capped Friday with bulls continuing to

look for a close above 126-180 to ease bearish pressure and above 126-270 to

shift focus back to 127-120.

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

*RES 4: 2.240 - 100-DMA 

*RES 3: 2.236 - 55-DMA 

*RES 2: 2.216 - High Sept 14 

*RES 1: 2.213 - High Sept 15

*PRICE: 2.202 @ 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: The recovery from 2017 lows is in trouble having been

capped/rejected ahead of the 55 & 100-DMAs. Resistance layers are 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 continue to look for a close above the 100-DMA to initially

pressure the bear channel top (2.261) and hint at a test of 2.290.

JGB TECHS: (Z17) Bulls Need Close Above 151.09 

*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: 150.90 - Hourly support Sept 15 now resistance

*PRICE: 150.85 @ 2130GMT

*SUP 1: 150.80 - Hourly resistance Sept 15 now support 

*SUP 2: 150.69 - Low Sept 14 

*SUP 3: 150.66 - Low Aug 23 

*SUP 4: 150.65 - Bollinger band base

*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 continue

to look for a close above 151.09 to hint at a move back to 2017 highs with above

151.26 confirming. Below 150.33 is needed to see bears targeting 2017 lows.

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

[TOPICS: MTABLE]