MNI Asian Morning FI Technical Analysis

26 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 97.830 

*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: 97.820 @ 2130GMT

*SUP 1: 97.800 - Low Sept 25 

*SUP 2: 97.760 - Hourly resistance Sept 21 now support 

*SUP 3: 97.720 - 2017 Low Sept 20 

*SUP 4: 97.641 - Daily Bear channel base

*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 need a close above 97.830 to shift pressure back to

97.865-880. Above 97.880 is needed to see bulls targeting 97.926-990 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: 97.3170 - 200-DMA

*RES 3: 97.2869 - 21-DMA

*RES 2: 97.2300 - Low July 26 now resistance

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

*PRICE: 97.1950 @ 2130GMT

*SUP 1: 97.1650 - Low Sept 25

*SUP 2: 97.1450 - Hourly resistance Sept 21 now support

*SUP 3: 97.1150 - Alternating hourly support/resistance

*SUP 4: 97.0750 - Low Sept 21

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

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

(97.0958) limiting follow through. Bulls need a close above 97.2300 to confirm

an easing of bearish pressure and to shift focus back to 97.2869-4109 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) Flirting With 55-DMA

*RES 4: 126-090 - High Sept 18 

*RES 3: 126-050 - High Sept 20 

*RES 2: 126-040 - High Sept 25 

*RES 1: 126-030 - 55-DMA

*PRICE: 126-010 @ 2130GMT

*SUP 1: 125-230 - Low Sept 25

*SUP 2: 125-170 - Low Aug 8 & Sept 20

*SUP 3: 125-040 - Low July 26 

*SUP 4: 124-280 - Low July 12

*COMMENTARY: Consolidation below the 100-DMA (125-270) appears to have ended

with a bounce Monday that sees the contract flirting with the 55-DMA. Bulls

continue to look for a close above 126-090 to hint at a correction back to

126-270. O/S daily studies correcting add support to the case for a bigger

correction. The 125-170/230 support is now key. Bears need a close below 125-230

to ease renewed bullish pressure and below 125-170 to shift focus lower.

US 10-YR YIELD TECHS: Bears Need Close Below 2.208

*RES 4: 2.290 - High Aug 4 

*RES 3: 2.287 - High Sept 20 

*RES 2: 2.266 - Hourly support Sept 20 now resistance 

*RES 1: 2.232 - Hourly support Sept 25 now resistance

*PRICE: 2.222 @ 2130GMT

*SUP 1: 2.208 - Low Sept 18 

*SUP 2: 2.171 - Hourly resistance Sept 13 now support, 21-DMA 

*SUP 3: 2.143 - Hourly support Sept 12 

*SUP 4: 2.118 - Hourly support Sept 11

*COMMENTARY: The failure at the 2.290 hurdle has left the yield looking heavy

closing back below the 55 (2.226) & 100 (2.237) DMAs. Immediate focus shifts

back to 2.208 with bears needing a close below to shift initial focus to

2.118-171 where the 21-DMA is located. Layers of resistance are building with

bulls needing a close above 2.266 to return immediate pressure to 2.290 and

overall focus to 2.329-337 where the 200-DMA is noted.

JGB TECHS: (Z17) Above 151.09 To Shift Focus Higher 

*RES 4: 151.09 - Hourly support Sept 12 now resistance

*RES 3: 151.07 - 21-DMA

*RES 2: 150.99 - Hourly resistance Sept 12

*RES 1: 150.96 - High Sept 22

*PRICE: 150.80 @ 2130GMT

*SUP 1: 150.77 - Low Sept 25 

*SUP 2: 150.75 - Hourly support Sept 21 

*SUP 3: 150.67 - 55-WMA 

*SUP 4: 150.65 - Low Sept 20

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

DMAs clustered 150.43-60. 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 remain and are weighing with bulls

still needing a close 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]