December Bonds finished down 0-150 at 118-190, 0-250 off the high and 0-040 up from the low.
December 10 Yr Treasury Notes closed down 0-005 at 117-005. This was 0-045 up from the low and 0-110 off the high.
Technical Outlook
BONDS (SEP) 09/09/2009: Momentum studies trending lower at mid-range should accelerate a move lower if support levels are taken out. The close under the 18-day moving average indicates the intermediate-term trend could be turning down. It is a slightly negative indicator that the close was under the swing pivot. The next downside target is 119-040. The next area of resistance is around 120-100 and 120-310, while 1st support hits today at 119-130 and below there at 119-040.10
YR TREASURY NOTES (SEP) 09/09/2009: Daily stochastics turning lower from overbought levels is bearish and will tend to reinforce a downside break especially if near term support is penetrated. The market's close below the 9-day moving average is an indication the short-term trend remains negative. It is a slightly negative indicator that the close was under the swing pivot. The next downside target is now at 117-305. The next area of resistance is around 118-185 and 118-290, while 1st support hits today at 118-035 and below there at 117-305.
December 10 Yr Treasury Notes closed down 0-005 at 117-005. This was 0-045 up from the low and 0-110 off the high.
Technical Outlook
BONDS (SEP) 09/09/2009: Momentum studies trending lower at mid-range should accelerate a move lower if support levels are taken out. The close under the 18-day moving average indicates the intermediate-term trend could be turning down. It is a slightly negative indicator that the close was under the swing pivot. The next downside target is 119-040. The next area of resistance is around 120-100 and 120-310, while 1st support hits today at 119-130 and below there at 119-040.10
YR TREASURY NOTES (SEP) 09/09/2009: Daily stochastics turning lower from overbought levels is bearish and will tend to reinforce a downside break especially if near term support is penetrated. The market's close below the 9-day moving average is an indication the short-term trend remains negative. It is a slightly negative indicator that the close was under the swing pivot. The next downside target is now at 117-305. The next area of resistance is around 118-185 and 118-290, while 1st support hits today at 118-035 and below there at 117-305.
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