December Bonds finished up 0-040 at 119-050, 0-080 off the high and 0-180 up from the low.
December 10 Yr Treasury Notes closed up 0-070 at 117-010. This was 0-130 up from the low and 0-055 off the high.
Technical Outlook
BONDS (DEC) 09/23/2009: The moving average crossover up (9 above 18) indicates a possible developing short-term uptrend. Momentum studies trending lower at mid-range could accelerate a price break if support levels are broken. The market's close below the 9-day moving average is an indication the short-term trend remains negative. The upside closing price reversal on the daily chart is somewhat bullish. The close over the pivot swing is a somewhat positive setup. The next downside objective is 118-120. The next area of resistance is around 119-230 and 119-310, while 1st support hits today at 118-300 and below there at 118-120.
10 YR TREASURY NOTES (DEC) 09/23/2009: Momentum studies trending lower at id-range should accelerate a move lower if support levels are taken out. The close below the 9-day moving average is a negative short-term indicator for trend. The daily closing price reversal up is a positive indicator that could support higher prices. The close over the pivot swing is a somewhat positive setup. The next downside target is 116-130. The next area of resistance is around 117-130 and 117-195, while 1st support hits today at 116-260 and below there at 116-130.
December 10 Yr Treasury Notes closed up 0-070 at 117-010. This was 0-130 up from the low and 0-055 off the high.
Technical Outlook
BONDS (DEC) 09/23/2009: The moving average crossover up (9 above 18) indicates a possible developing short-term uptrend. Momentum studies trending lower at mid-range could accelerate a price break if support levels are broken. The market's close below the 9-day moving average is an indication the short-term trend remains negative. The upside closing price reversal on the daily chart is somewhat bullish. The close over the pivot swing is a somewhat positive setup. The next downside objective is 118-120. The next area of resistance is around 119-230 and 119-310, while 1st support hits today at 118-300 and below there at 118-120.
10 YR TREASURY NOTES (DEC) 09/23/2009: Momentum studies trending lower at id-range should accelerate a move lower if support levels are taken out. The close below the 9-day moving average is a negative short-term indicator for trend. The daily closing price reversal up is a positive indicator that could support higher prices. The close over the pivot swing is a somewhat positive setup. The next downside target is 116-130. The next area of resistance is around 117-130 and 117-195, while 1st support hits today at 116-260 and below there at 116-130.
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