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MNI Asian Morning FI Technical Analysis

9 July 2018
By Kyle Shortland
Click below for today's MNI FI Technical Analysis Report -
http://tinyurl.com/phluope
AUSSIE 3-YR TECHS: (U18) Bears Still Need Close Below 97.900 
*RES 4: 98.015 - Alternating daily support/resistance 
*RES 3: 97.985 - Bollinger band top 
*RES 2: 97.965 - 2018 High July 2 
*RES 1: 97.950 - High July 4
*PRICE: 97.930 @ 2130GMT
*SUP 1: 97.900 - Low June 29 
*SUP 2: 97.866 - 200-DMA 
*SUP 3: 97.835 - High June 14 now support 
*SUP 4: 97.817 - 55-DMA
*COMMENTARY: The lack of topside follow through on fresh 2018 & 8mth highs is a
concern for bulls with daily momentum divergence noted, O/B studies in general
and the Bollinger top lurking just above. Bears look for a close below 97.900 to
ease bullish pressure and shift focus back to 97.795-835 where 55 & 100 DMAs are
situated. Bulls need a close above 97.965 to reconfirm focus on 98.015-031 where
100 & 200-WMAs are noted.
     AUSSIE 10-YR TECHS: (U18) 97.4400 Resistance Remains Key 
*RES 4: 97.4608 - Bollinger band top
*RES 3: 97.4400 - 2018 High Apr 3
*RES 2: 97.4307 - Weekly Bollinger band top
*RES 1: 97.4200 - High July 2
*PRICE: 97.4000 @ 2130GMT
*SUP 1: 97.3550 - Low July 6
*SUP 2: 97.3350 - Low June 26 & 27
*SUP 3: 97.3325 - 21-DMA
*SUP 4: 97.2900 - Low June 18
*COMMENTARY: Hesitation ahead of 2018 highs is a concern for bulls given daily
studies correcting from O/B, daily momentum divergence and Bollinger tops
lingering above. Bulls need a close above 97.4400 to confirm a break of the
100-WMA (97.3756) and initially target 97.5000-5200. Bears look for a close
below 97.3350 to ease bullish pressure and below the 55-DMA (97.2492) to shift
focus back to 97.1480-1725.
     US 10-YR FUTURE TECHS: (U18) Bears Need Close Below 120-03
*RES 4: 121-03  High May 30
*RES 3: 120-24  Hourly resistance May 30a
*RES 2: 120-20  High July 6
*RES 1: 120-17+ Bollinger band top
*PRICE: 120-11 @ 2130GMT
*SUP 1: 120-06+ Low July 6
*SUP 2: 120-03  Low July 5
*SUP 3: 119-30  Low July 3
*SUP 4: 119-26+ Low June 26
*COMMENTARY: Pressure on the 120-16 resistance took its toll with a spike higher
Friday only to have follow through impeded by the Bollinger band top. Modestly
O/B studies looking to correct are an issue. Bears now look for a close below
120-03 to ease bullish pressure and below the 100-DMA (119-22+) to shift initial
focus back to 119-13+ where the 55-DMA is found. While 120-03 supports bulls now
focus on 121-03/12.
     US 10-YR YIELD TECHS: 2.884-2.950 Resistance Region Key
*RES 4: 2.900 - High June 26 
*RES 3: 2.884 - High July 3 
*RES 2: 2.866 - High July 5 
*RES 1: 2.849 - High July 6
*PRICE: 2.838 @ 0430GMT
*SUP 1: 2.807 - Low July 6 
*SUP 2: 2.790 - Hourly support May 30a 
*SUP 3: 2.759 - Low May 29 
*SUP 4: 2.717 - Monthly Low Apr 2
*COMMENTARY: Overall bearish focus remains on 2.717-759 where Apr & May lows are
noted. The Bollinger base (2.805) and modestly O/S studies remain key concern
for bears and limit follow through. Bulls continue now look for a close above
2.884 to gain breathing room and above 2.950 to confirm breaks of 21, 55 &
100-DMAs and pressure the key 3.014-050 resistance region.
     JGB TECHS: (U18) Bears Need Close Below 150.89
*RES 4: 151.19 - Monthly High Nov 22
*RES 3: 151.15 - 2018 High Mar 2
*RES 2: 151.13 - Monthly High May 30
*RES 1: 151.02 - Hourly resistance May 30
*PRICE: 150.96 @ 2130GMT
*SUP 1: 150.89 - High June 25 now support 
*SUP 2: 150.80 - Low June 29 
*SUP 3: 150.71 - Low June 15 
*SUP 4: 150.60 - Low June 14
*COMMENTARY: Narrow sideways trading came to an end Monday with fresh 4 week
highs Thursday reinforcing focus on 151.02-19 where 2018 & monthly highs are
situated. Daily studies looking to correct from modestly O/B and the lack of
topside follow through remain concerns for bulls. In saying that, bears still
need a close below 150.89 to signal a false break higher and return initial
focus to 150.71-80.
--MNI Beijing Bureau; tel: +44 207-862-7435; email: kyle.shortland@mni-news.com
[TOPICS: MTABLE]

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