December Bonds finished up 2-010 at 120-120, 0-010 off the high and 1-310 up from the low.
December 10 Yr Treasury Notes closed up 0-310 at 117-290. This was 0-255 up from the low and 0-025 off the high.
Technical Outlook
BONDS (DEC) 09/11/2009: Momentum studies trending lower at mid-range could accelerate a price break if support levels are broken. The intermediate trend could be turning up with the close back above the 18-day moving average. Since the close was above the 2nd swing resistance number, the market's posture is bullish and could see more upside follow-through early in the session. The next downside objective is 117-080. The next area of resistance is around 121-070 and 122-010, while 1st support hits today at 118-270 and below there at 117-080.
10 YR TREASURY NOTES (DEC) 09/11/2009: Momentum studies are trending lower from high levels which should accelerate a move lower on a break below the 1st swing support. The close above the 9-day moving average is a positive short-term indicator for trend. The market's close above the 2nd swing resistance number is a bullish indication. The next downside target is 116-130. The next area of resistance is around 118-130 and 118-255, while 1st support hits today at 117-070 and below there at 116-130.
December 10 Yr Treasury Notes closed up 0-310 at 117-290. This was 0-255 up from the low and 0-025 off the high.
Technical Outlook
BONDS (DEC) 09/11/2009: Momentum studies trending lower at mid-range could accelerate a price break if support levels are broken. The intermediate trend could be turning up with the close back above the 18-day moving average. Since the close was above the 2nd swing resistance number, the market's posture is bullish and could see more upside follow-through early in the session. The next downside objective is 117-080. The next area of resistance is around 121-070 and 122-010, while 1st support hits today at 118-270 and below there at 117-080.
10 YR TREASURY NOTES (DEC) 09/11/2009: Momentum studies are trending lower from high levels which should accelerate a move lower on a break below the 1st swing support. The close above the 9-day moving average is a positive short-term indicator for trend. The market's close above the 2nd swing resistance number is a bullish indication. The next downside target is 116-130. The next area of resistance is around 118-130 and 118-255, while 1st support hits today at 117-070 and below there at 116-130.
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