MNI Asian Morning FI Technical Analysis

27 September 2017

By Kyle Shortland

Click below for today's MNI FI Technical Analysis Report -

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (Z17) 97.865-880 Resistance Region Now Key 

*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: 97.840 - High Sept 26

*PRICE: 97.830 @ 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: 97.637 - Daily Bear channel base

*COMMENTARY: Bears currently remain focused on the daily bear channel base and

then 2015 lows. In saying that, correcting O/S studies remain a key concern for

bears. The 97.865-880 resistance region is now key. Above 97.880 is needed to

see bulls targeting 97.918-982 where 21 & 55-DMAs and the bear channel top are

located. Bears now need a close below 97.800 to ease pressure on 97.865-880.

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

*RES 4: 97.3168 - 200-DMA

*RES 3: 97.2776 - 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

(97.0865) limiting follow through. Bulls need a close above 97.2300 to confirm

an easing of bearish pressure and to shift focus back to 97.2776-4109 where DMAs

and the bear channel top are situated. Bears now need a close below 97.1450 to

retain initial focus on 97.0600.

US 10-YR FUTURE TECHS: (Z17) 125-170/230 Support Region Key

*RES 4: 126-170 - 21-DMA 

*RES 3: 126-090 - High Sept 18 

*RES 2: 126-050 - High Sept 20 

*RES 1: 126-040 - High Sept 25, 55-DMA

*PRICE: 126-000 @ 2130GMT

*SUP 1: 125-260 - Low Sept 26

*SUP 2: 125-230 - Low Sept 25

*SUP 3: 125-170 - Low Aug 8 & Sept 20

*SUP 4: 125-040 - Low July 26

*COMMENTARY: Bears take comfort in hesitation around the 55-DMA with bulls

continuing 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: 2.245 - High Sept 26

*PRICE: 2.236 @ 2130GMT

*SUP 1: 2.227 - Hourly resistance Sept 26 now support 

*SUP 2: 2.214 - Low Sept 26 

*SUP 3: 2.208 - Low Sept 18

*SUP 4: 2.171 - Hourly resistance Sept 13 now support

*COMMENTARY: Despite correcting lower from last week's high bears have failed to

break the 2.208 support. Bears need a close below 2.208 to target 2.118-174

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. Correcting O/B studies remain a

concern for bulls.

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

*RES 4: 151.05 - 21-DMA

*RES 3: 150.99 - Hourly resistance Sept 12

*RES 2: 150.96 - High Sept 22

*RES 1: 150.84 - Hourly resistance Sept 26

*PRICE: 150.79 @ 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 150.43-61. 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]