December Bonds finished down 0-260 at 119-090, 0-250 off the high and 0-060 up from the low.
December 10 Yr Treasury Notes closed down 0-180 at 116-270. This was 0-040 up from the low and 0-180 off the high.
Technical Outlook
BONDS (DEC) 09/21/2009: Declining momentum studies in the neutral zone will tend to reinforce lower price action. The intermediate trend has turned down with the cross over back below the 18-day moving average. The market could take on a defensive posture with the daily closing price reversal down. The market tilt is slightly negative with the close under the pivot. The next downside target is 118-080. The next area of resistance is around 119-310 and 120-270, while 1st support hits today at 118-220 and below there at 118-080.
10 YR TREASURY NOTES (DEC) 09/21/2009: Stochastics trending lower at mid-range will tend to reinforce a move lower especially if support levels are taken out. The intermediate trend has turned down with the cross over back below the 18-day moving average. The downside closing price reversal on the daily chart is somewhat negative. The swing indicator gave a moderately negative reading with the close below the 1st support number. The next downside objective is now at 116-040. The next area of resistance is around 117-095 and 117-285, while 1st support hits today at 116-135 and below there at 116-040.
December 10 Yr Treasury Notes closed down 0-180 at 116-270. This was 0-040 up from the low and 0-180 off the high.
Technical Outlook
BONDS (DEC) 09/21/2009: Declining momentum studies in the neutral zone will tend to reinforce lower price action. The intermediate trend has turned down with the cross over back below the 18-day moving average. The market could take on a defensive posture with the daily closing price reversal down. The market tilt is slightly negative with the close under the pivot. The next downside target is 118-080. The next area of resistance is around 119-310 and 120-270, while 1st support hits today at 118-220 and below there at 118-080.
10 YR TREASURY NOTES (DEC) 09/21/2009: Stochastics trending lower at mid-range will tend to reinforce a move lower especially if support levels are taken out. The intermediate trend has turned down with the cross over back below the 18-day moving average. The downside closing price reversal on the daily chart is somewhat negative. The swing indicator gave a moderately negative reading with the close below the 1st support number. The next downside objective is now at 116-040. The next area of resistance is around 117-095 and 117-285, while 1st support hits today at 116-135 and below there at 116-040.
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