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MNI Asian Morning FI Technical Analysis

21 September 2017
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (Z17) Focus On 2015 Low 
*RES 4: 97.865 - Hourly resistance Sept 15 
*RES 3: 97.820 - High Sept 18 
*RES 2: 97.790 - Hourly resistance Sept 20 
*RES 1: 97.750 - Hourly support Sept 20 now resistance
*PRICE: 97.730 @ 2130GMT
*SUP 1: 97.720 - 2017 Low Sept 20 
*SUP 2: 97.655 - Daily Bear channel base 
*SUP 3: 97.605 - 2015 Low Dec 12 
*SUP 4: 97.550 - Low Dec 3 2014
*COMMENTARY: The daily bear channel top capping rallies left the contract
looking heavy last week resulting in fresh 2017 lows again Wednesday and bears
focused on the daily bear channel base and then 2015 lows. The Bollinger base
(97.771) and O/S daily studies are key concerns for bears. Bulls now need a
close above 97.750 to gain breathing room and above 97.820 to shift pressure
back to 97.865-880.
AUSSIE 10-YR TECHS: (Z17) Focus On 96.9875-97.0600 
*RES 4: 97.2100 - Monthly Low July 20 now resistance
*RES 3: 97.1850 - High Sept 19
*RES 2: 97.1550 - Hourly resistance Sept 20
*RES 1: 97.1150 - Hourly support Sept 20 now resistance
*PRICE: 97.0950 @ 2130GMT
*SUP 1: 97.0800 - Low Sept 20
*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 heavy with immediate focus on the 97.0600
support. The Bollinger base (97.1268) is the key concern for bears with
potential to limit follow through. Layers of resistance are again accumulating
with bulls needing a close above 97.1150 to gain breathing room and above
97.2325 to hint at a bounce back to 97.3100-4500 where key DMAs are noted.
US 10-YR FUTURE TECHS: (Z17) Bears Focused On July Low
*RES 4: 126-090 - High Sept 18 
*RES 3: 126-050 - High Sept 20 
*RES 2: 125-300 - Low Sept 19 now resistance 
*RES 1: 125-270 - 100-DMA
*PRICE: 125-200 @ 2130GMT
*SUP 1: 125-170 - Low Aug 8 & Sept 20
*SUP 2: 125-040 - Low July 26 
*SUP 3: 125-030 - Daily Bear channel base
*SUP 4: 124-280 - Low July 12
*COMMENTARY: The sell-off from 127-280 continues with the close below the
100-DMA & 55-WMA (125-260) confirming immediate focus on the 125-170 support and
overall focus on 124-140 July lows. O/S daily studies and the Bollinger base
(125-220) remain key concerns for bears. In saying that, layers of resistance
continue to build with bulls now needing a close above 125-300 to ease bearish
pressure and above 126-090 to hint at a correction to 126-270.
US 10-YR YIELD TECHS: 2.290 Resistance Now Key
*RES 4: 2.337 - Repeated Daily Highs July 
*RES 3: 2.331 - 200-DMA 
*RES 2: 2.290 - High Aug 4 
*RES 1: 2.287 - High Sept 20
*PRICE: 2.273 @ 2130GMT
*SUP 1: 2.246 - High Sept 19 now support 
*SUP 2: 2.222 - Low Sept 19 
*SUP 3: 2.208 - Low Sept 18 
*SUP 4: 2.171 - Hourly resistance Sept 13 now support
*COMMENTARY: The closes above 55 (2.233) & 100 (2.239) DMAs adds to bullish
confidence with immediate pressure now on 2.290. Bulls need a close above to
confirm immediate focus on 2.332-337 where the 200-DMA and daily highs are
located. O/B studies and the Bollinger top (2.276) are key concerns for bulls.
Layers of support are accumulating with bears now needing a close below 2.246 to
ease bullish pressure.
JGB TECHS: (Z17) Bears Focused On Key DMAs 
*RES 4: 151.09 - Hourly support Sept 12 now resistance
*RES 3: 150.99 - Hourly resistance Sept 12
*RES 2: 150.90 - Hourly support Sept 1 now resistance
*RES 1: 150.84 - High Sept 20
*PRICE: 150.73 @ 2130GMT
*SUP 1: 150.68 - 55-WMA 
*SUP 2: 150.65 - Low Sept 20 
*SUP 3: 150.64 - Bollinger band base 
*SUP 4: 150.57 - 100-DMA
*COMMENTARY: The correction lower from 2017 highs is now hesitating ahead of key
DMAs clustered 150.42-57. Bears continue to look for a close below the 200-DMA
(150.42) to end bullish hopes and hint at a move back to 149.65 July lows with
below 150.06 to confirm. Layers of resistance are accumulating and weighing with
bulls now needing a close above 150.90 to gain breathing room and above 151.09
to shift focus back to 2017 highs (151.51).
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]

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