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25 September 2017
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
AUSSIE 3-YR TECHS: (Z17) Bulls Need Close Above 97.830
*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: 97.830 - High Sept 22
*PRICE: 97.800 @ 2130GMT
*SUP 1: 97.760 - Hourly resistance Sept 21 now support
*SUP 2: 97.720 - 2017 Low Sept 20
*SUP 3: 97.646 - 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 in past weeks resulting in fresh 2017 lows Wednesday and bears
focused on the daily bear channel base and then 2015 lows. O/S studies remain a
concern for bears. Bulls now need a close above 97.830 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: 97.2943 - 21-DMA
*RES 3: 97.2300 - Low July 26 now resistance
*RES 2: 97.2100 - Monthly Low July 20 now resistance
*RES 1: 97.1950 - High Sept 22
*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
(97.1077) 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: 126-090 - High Sept 18
*RES 3: 126-020 - 55-DMA
*RES 2: 125-300 - Low Sept 19 now resistance
*RES 1: 125-270 - 100-DMA
*PRICE: 125-230 @ 2130GMT
*SUP 1: 125-170 - Low Aug 8 & Sept 20
*SUP 2: 125-040 - Low July 26
*SUP 3: 124-280 - Low July 12
*SUP 4: 124-140 - Monthly Low July 6
*COMMENTARY: The sell-off from 127-280 resulted in closes below the 100-DMA &
55-WMA (125-260) last 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
(125-150) 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: 2.208-239 Support Key
*RES 4: 2.330 - 200-DMA
*RES 3: 2.290 - High Aug 4
*RES 2: 2.287 - High Sept 20
*RES 1: 2.266 - Hourly support Sept 20 now resistance
*PRICE: 2.252 @ 0430GMT
*SUP 1: 2.239 - Low Sept 22
*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 (2.230) & 100 (2.238) DMAs adds to bullish
confidence with immediate focus now on 2.290. Bulls need a close above to
confirm immediate focus on 2.330-337 where the 200-DMA and daily highs are
located. O/B studies and the Bollinger top (2.299) are key concerns for bulls.
Layers of support are accumulating with bears still needing a close below 2.239
to ease bullish pressure and below 2.208 to shift focus lower.
JGB TECHS: (Z17) Above 151.09 To Shift Focus Higher
*RES 4: 151.09 - Hourly support Sept 12 now resistance
*RES 3: 151.08 - 21-DMA
*RES 2: 150.99 - Hourly resistance Sept 12
*RES 1: 150.96 - High Sept 22
*PRICE: 150.87 @ 2130GMT
*SUP 1: 150.83 - Hourly support Sept 22
*SUP 2: 150.75 - Hourly support Sept 21
*SUP 3: 150.68 - 55-WMA
*SUP 4: 150.65 - Low Sept 20
*COMMENTARY: The correction lower from 2017 highs is hesitating ahead of key
DMAs clustered 150.43-58. 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 151.09 to shift focus back to 2017 highs
--MNI Beijing Bureau; tel: +44 207-862-7435; email: firstname.lastname@example.org
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