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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
MNI Asian Morning FI Technical Analysis
19 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 97.880
*RES 4: 97.935 - Hourly resistance Sept 14
*RES 3: 97.880 - Low Sept 14 now resistance
*RES 2: 97.865 - Hourly resistance Sept 15
*RES 1: 97.820 - High Sept 18
*PRICE: 97.800 @ 2130GMT
*SUP 1: 97.780 - 2017 Low Sept 15
*SUP 2: 97.770 - Low Dec 17 2015
*SUP 3: 97.664 - 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
(97.851) is the key concern for bears with potential to limit follow through.
Bulls continue to look for a close above 97.880 to ease bearish pressure and
above 97.950 to shift focus back to layers of resistance 97.977-98.003.
AUSSIE 10-YR TECHS: (Z17) Resistance Layers Building
*RES 4: 97.2900 - Hourly resistance Sept 14
*RES 3: 97.2325 - Hourly resistance Sept 15
*RES 2: 97.2100 - Monthly Low July 20 now resistance
*RES 1: 97.1850 - Hourly resistance Sept 18
*PRICE: 97.1550 @ 2130GMT
*SUP 1: 97.0600 - High Mar 10 now support
*SUP 2: 96.9875 - 2017 Low Mar 10
*SUP 3: 96.8850 - Low July 14 2015
*SUP 4: 96.7950 - 2015 Low July 3 2015
*COMMENTARY: The contract remains a little heavy having broken the 97.1650
support and immediate focus now on the 97.0600 support. The Bollinger base
(97.1977) is the key concern for bears with potential to limit follow through.
Layers of resistance are building and weighing with bulls continuing to look for
a close above 97.2325 to ease immediate bearish pressure and hint at a bounce
back to 97.3185-4500 where key DMAs are noted.
US 10-YR FUTURE TECHS: (Z17) Pressuring 55-DMA
*RES 4: 127-050 - Hourly resistance Sept 11
*RES 3: 126-270 - Hourly resistance Sept 12
*RES 2: 126-180 - Hourly resistance Sept 13 & 15
*RES 1: 126-090 - High Sept 18
*PRICE: 126-020 @ 2130GMT
*SUP 1: 126-010 - Low Aug 17
*SUP 2: 126-000 - 55-DMA
*SUP 3: 125-300 - Bollinger band base
*SUP 4: 125-260 - 100-DMA
*COMMENTARY: The sell-off from 127-280 continues with immediate pressure now on
the 55-DMA and the 125-170/126-010 support region as a whole. Below the 55-DMA
is needed to add weight to the bearish case with below 125-170 to confirm focus
on 2017 lows. The Bollinger base is the key concern for bears with potential to
limit follow through. Bulls now need a close above 126-090 to ease pressure on
the 55-DMA and above 126-250 to shift focus higher.
US 10-YR YIELD TECHS: Pressuring 55 & 100-DMAs
*RES 4: 2.290 - High Aug 4
*RES 3: 2.258 - Daily Bear channel top
*RES 2: 2.239 - 100-DMA
*RES 1: 2.235 - 55-DMA
*PRICE: 2.340 @ 2130GMT
*SUP 1: 2.222 - Hourly support Sept 18
*SUP 2: 2.208 - Low Sept 18
*SUP 3: 2.171 - Hourly resistance Sept 13 now support
*SUP 4: 2.143 - Hourly support Sept 12
*COMMENTARY: Bulls regained control Monday with immediate pressure now on 55 &
100-DMAs. Bulls look for a close above the daily bear channel top to confirm
breaks of key resistance layers and above 2.290 to confirm focus on 2.333-337
where the 200-DMA (2.333) is situated. Layers of support continue to build with
bears now needing a close below 2.208 to ease bullish pressure and below 2.118
to shift focus back to 2017 lows.
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 1 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]
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.