MNI Asian Morning FI Technical Analysis

28 September 2017

By Kyle Shortland

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

http://tinyurl.com/phluope

AUSSIE 3-YR TECHS: (Z17) Bears Focused On Channel Base 

*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: 97.810 @ 2130GMT

*SUP 1: 97.790 - Low Sept 27 

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

*SUP 3: 97.720 - 2017 Low Sept 20 

*SUP 4: 97.632 - 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 the key concern

for bears. The 97.840-880 resistance region is now key. Above 97.880 is needed

to see bulls targeting 97.910-978 where 21 & 55-DMAs and the bear channel top

are located. While 97.880 caps bears retain control.

AUSSIE 10-YR TECHS: (Z17) Bears Focused On 97.0600 

*RES 4: 97.2693 - 21-DMA

*RES 3: 97.2300 - Low July 26 now resistance

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

*RES 1: 97.1650 - Low Sept 25 now resistance

*PRICE: 97.1450 @ 2130GMT

*SUP 1: 97.1300 - Low Sept 27

*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 recovery from last week's low looks to be in trouble having

remained capped ahead of the key 97.2300 resistance. Bulls need a close above

97.2300 to confirm an easing of bearish pressure and to shift focus back to

97.2693-4036 where DMAs and the bear channel top are situated. Bears now need a

close below 97.1150 to add weight to the case for a test of 97.0600.

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

*RES 4: 126-050 - High Sept 20 

*RES 3: 126-040 - High Sept 25, 55-DMA 

*RES 2: 125-230 - Low Sept 25 now resistance 

*RES 1: 125-180 - Hourly resistance Sept 27

*PRICE: 125-130 @ 2130GMT

*SUP 1: 125-100 - Low Sept 27

*SUP 2: 125-070 - Bollinger band base

*SUP 3: 125-040 - Low July 26

*SUP 4: 124-280 - Low July 12

*COMMENTARY: This week's topside failures around the 55-DMA have taken their

toll with fresh 2mth lows and confirmation of focus having returned to the

124-140 July low. O/S daily studies and the Bollinger base remain key concerns

for bears. Layers of resistance are building with bulls needing a close above

125-230 to gain breathing room and a close above 126-090 to hint at a correction

back to 126-270.

US 10-YR YIELD TECHS: Pressure Back On 200-DMA

*RES 4: 2.337 - Repeated daily highs July 

*RES 3: 2.328 - 200-DMA 

*RES 2: 2.326 - Bollinger band top 

*RES 1: 2.314 - High Sept 27

*PRICE: 2.310 @ 2130GMT

*SUP 1: 2.301 - Hourly support Sept 27 

*SUP 2: 2.284 - Hourly support Sept 27a 

*SUP 3: 2.266 - Alternating hourly support/resistance 

*SUP 4: 2.245 - High Sept 26 now support

*COMMENTARY: Failure to trouble 2.208 resulted in an aggressive rally and

bullish close confirming immediate focus on 2.328-337 where the 200-DMA is

noted. Bulls now look for a close above 2.337 to confirm a break of the 200-DMA

and hint at a move back to 2017 highs. Layers of support are building with bears

now needing a close below 2.266 to ease bullish pressure. Below 2.208 remains

needed to shift initial focus back to 2.118-181 where the 21-DMA is located.

JGB TECHS: (Z17) Flirting With 200-DMA 

*RES 4: 150.77 - Low Sept 25 now resistance

*RES 3: 150.65 - Low Sept 20 now resistance

*RES 2: 150.56 - 100-DMA

*RES 1: 150.50 - Hourly resistance Sept 27

*PRICE: 150.44 @ 2130GMT

*SUP 1: 150.43 - 200-DMA 

*SUP 2: 150.42 - Low Sept 27 

*SUP 3: 150.33 - High July 25 now support 

*SUP 4: 150.11 - Low Aug 2

*COMMENTARY: Hesitation ahead of key DMAs has come to an end with a dip below

the 200-DMA and the contract remaining heavy. Bears continue to look for a close

below the 200-DMA to end bullish hopes and hint at a move back to 149.65 July

lows with below 150.06 to confirm. Layers of resistance continue to build with

bulls needing a close above 150.65 to ease bearish pressure and hint at a bounce

back to 150.96-151.10.

--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com

[TOPICS: MTABLE]