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29 September 2017
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
AUSSIE 3-YR TECHS: (Z17) 97.840-880 Resistance Region 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: 97.810 @ 2130GMT
*SUP 1: 97.780 - Low Sept 28
*SUP 2: 97.760 - Hourly resistance Sept 21 now support
*SUP 3: 97.720 - 2017 Low Sept 20
*SUP 4: 97.628 - 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 remains key. Above 97.880 is needed
to see bulls targeting 97.935-974 where the 55-DMA and the bear channel top are
located although the 21-DMA may slow the move. While 97.880 caps bears retain
the upper hand.
AUSSIE 10-YR TECHS: (Z17) Bears Focused On 97.0600
*RES 4: 97.2605 - 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: 97.1400 @ 2130GMT
*SUP 1: 97.0950 - Low Sept 27
*SUP 2: 97.0750 - Low Sept 21
*SUP 3: 97.0600 - High Mar 10 now support
*SUP 4: 97.0515 - Bollinger band base
*COMMENTARY: The bounce from 97.0950 was less than ideal for bears given daily
studies correcting from O/S and increasing the risk of a bounce back towards
97.2100-2300. Bulls need a close above 97.2300 to confirm an easing of bearish
pressure and to shift focus back to 97.2605-3165 where key DMAs are situated.
While 97.2300 caps bears retain control and remain focused on 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, High Sept 28
*PRICE: 125-170 @ 2130GMT
*SUP 1: 125-140 - Hourly resistance Sept 28 now support
*SUP 2: 125-040 - Bollinger band base
*SUP 3: 125-020 - Low Sept 28
*SUP 4: 124-280 - Low July 12
*COMMENTARY: Fresh 3mth lows Thursday have so far lacked follow through which is
a concern for bears given daily momentum divergence, correcting O/S studies and
proximity of the Bollinger base increasing the risk of a correction back to
126-040/090. In saying that, bulls need a close above 125-230 to gain breathing
room and a close above 126-090 to hint at a correction back to 126-270. While
the 126-040/090 region caps bears target July lows (124-140).
US 10-YR YIELD TECHS: 2.284 Support Key Today
*RES 4: 2.366 - High July 13
*RES 3: 2.359 - High Sept 28
*RES 2: 2.327 - 200-DMA
*RES 1: 2.316 - Alternating hourly support/resistance
*PRICE: 2.309 @ 2130GMT
*SUP 1: 2.301 - Hourly support Sept 27 & 28
*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: The recovery from Sept lows has now resulted in a pop above the
200-DMA although the lack of follow through is a concern for bulls when combined
with the proximity of the Bollinger top (2.342), correcting O/B studies and
momentum divergence increasing the risk of a correction. The 2.284 support is
key today with bears needing a close below to shift focus back to 2.208-2.214.
Bulls now need a close above 2.366 to retain focus on 2.437.
JGB TECHS: (Z17) Bulls Need Close Above 150.50
*RES 4: 150.65 - Low Sept 20 now resistance
*RES 3: 150.55 - 100-DMA
*RES 2: 150.50 - Hourly resistance Sept 27
*RES 1: 150.44 - High Sept 28
*PRICE: 150.35 @ 2130GMT
*SUP 1: 150.30 - Hourly support Sept 28
*SUP 2: 150.23 - Low Sept 28
*SUP 3: 150.11 - Low Aug 2
*SUP 4: 150.06 - Low July 20
*COMMENTARY: Losses continued for the contract Thursday although the lack of
downside follow though is less than ideal given daily studies looking to correct
from O/S, momentum divergence and the Bollinger base (150.32). Layers of
resistance are weighing with bulls now needing a close above 150.50 to ease
bearish pressure and above 150.65 to shift focus back to 150.95-151.09 where the
21-DMA is located. Below 150.06 is needed to target July lows (149.65).
--MNI Beijing Bureau; tel: +44 207-862-7435; email: firstname.lastname@example.org
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