MNI Asian Morning FI Technical Analysis

22 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 97.820 

*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 & 21

*PRICE: 97.790 @ 2130GMT

*SUP 1: 97.760 - Hourly resistance Sept 21 now support 

*SUP 2: 97.720 - 2017 Low Sept 20 

*SUP 3: 97.651 - 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 again Wednesday and bears

focused on the daily bear channel base and then 2015 lows. O/S studies remain a

concern for bears. The 97.820 resistance remains key with bulls needing a close

above to shift pressure back to 97.865-880. Above 97.880 is needed to see bulls

targeting 97.935-990 where 21 & 55-DMAs and the bear channel top are located.

AUSSIE 10-YR TECHS: (Z17) Above 97.2300 To Shift Focus To DMAs 

*RES 4: 97.3019 - 21-DMA

*RES 3: 97.2300 - Low July 26 now resistance

*RES 2: 97.2100 - Monthly Low July 20 now resistance

*RES 1: 97.1850 - High Sept 19

*PRICE: 97.1550 @ 2130GMT

*SUP 1: 97.1450 - Hourly resistance Sept 21 now support

*SUP 2: 97.1150 - Alternating hourly support/resistance

*SUP 3: 97.0750 - Low Sept 21

*SUP 4: 97.0600 - High Mar 10 now support

*COMMENTARY: The lack of follow through on Thursdays 6mth lows is less than

ideal for bears given daily studies correcting from O/S and the Bollinger base

(97.1178) limiting follow through. Bulls now need a close above 97.2300 to

confirm an easing of bearish pressure and to shift focus back to 97.3019-4182

where DMAs and the bear channel top are situated. Bears now need a close below

97.1150 to retain initial focus on 97.0600.

US 10-YR FUTURE TECHS: (Z17) Bears Focused On July Low

*RES 4: 126-010 - 55-DMA 

*RES 3: 125-300 - Low Sept 19 now resistance 

*RES 2: 125-270 - 100-DMA 

*RES 1: 125-230 - Hourly resistance Sept 20

*PRICE: 125-200 @ 2130GMT

*SUP 1: 125-170 - Low Aug 8 & Sept 20

*SUP 2: 125-040 - Low July 26 

*SUP 3: 124-280 - Low July 12, Daily Bear channel base

*SUP 4: 124-140 - Monthly Low July 6

*COMMENTARY: The sell-off from 127-280 has resulted in closes below the 100-DMA

& 55-WMA (125-260) this week with immediate focus on the 125-170 support and

overall focus on 124-140 July lows. O/S daily studies and the Bollinger base

(125-180) remain key concerns for bears. In saying that, layers of resistance

remain with bulls still 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: 2.278 @ 2130GMT

*SUP 1: 2.266 - Alternating hourly support/resistance 

*SUP 2: 2.246 - High Sept 19 now support, Low Sept 21 

*SUP 3: 2.222 - Low Sept 19 

*SUP 4: 2.208 - Low Sept 18

*COMMENTARY: The closes above 55 (2.232) & 100 (2.238) DMAs adds to bullish

confidence with immediate pressure now on 2.290. Bulls need a close above to

confirm immediate focus on 2.331-337 where the 200-DMA and daily highs are

located. O/B studies and the Bollinger top (2.288) are key concerns for bulls.

Layers of support are accumulating with bears still needing a close below 2.246

to ease bullish pressure and below 2.208 to shift focus lower.

JGB TECHS: (Z17) Bulls Need Close Above 150.84 Today 

*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: 150.78 @ 2130GMT

*SUP 1: 150.68 - 55-WMA 

*SUP 2: 150.66 - Bollinger band base 

*SUP 3: 150.65 - Low Sept 20 

*SUP 4: 150.57 - 100-DMA

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

DMAs clustered 150.43-57. Bears continue to look for a close below the 200-DMA

(150.43) 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 150.84 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]