December Bonds finished down 0-080 at 118-110, 0-060 off the high and 0-250 up from the low.
December 10 Yr Treasury Notes closed down 0-025 at 116-300. This was 0-120 up from the low and 0-030 off the high.
Technical Outlook
BONDS (DEC) 09/10/2009: Momentum studies trending lower at mid-range could accelerate a price break if support levels are broken. The close below the 9-day moving average is a negative short-term indicator for trend. It is a slightly negative indicator that the close was under the swing pivot. The next downside objective is now at 117-050. The next area of resistance is around 119-020 and 119-160, while 1st support hits today at 117-290 and below there at 117-050.
10 YR TREASURY NOTES (DEC) 09/10/2009: Momentum studies trending lower at mid-range
should accelerate a move lower if support levels are taken out. A negative signal for trend short-term was given on a close under the 9-bar moving average. The market tilt is slightly negative with the close under the pivot. The next downside objective is 116-115. The next area of resistance is around 117-090 and 117-160, while 1st support hits today at 116-230 and below there at 116-115.
December 10 Yr Treasury Notes closed down 0-025 at 116-300. This was 0-120 up from the low and 0-030 off the high.
Technical Outlook
BONDS (DEC) 09/10/2009: Momentum studies trending lower at mid-range could accelerate a price break if support levels are broken. The close below the 9-day moving average is a negative short-term indicator for trend. It is a slightly negative indicator that the close was under the swing pivot. The next downside objective is now at 117-050. The next area of resistance is around 119-020 and 119-160, while 1st support hits today at 117-290 and below there at 117-050.
10 YR TREASURY NOTES (DEC) 09/10/2009: Momentum studies trending lower at mid-range
should accelerate a move lower if support levels are taken out. A negative signal for trend short-term was given on a close under the 9-bar moving average. The market tilt is slightly negative with the close under the pivot. The next downside objective is 116-115. The next area of resistance is around 117-090 and 117-160, while 1st support hits today at 116-230 and below there at 116-115.
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