December Bonds finished up 1-060 at 120-030, 0-060 off the high and 1-160 up from the low.
December 10 Yr Treasury Notes closed up 0-165 at 117-130. This was 0-250 up from the low and 0-035 off the high.
Technical Outlook
BONDS (DEC) 09/18/2009: A negative indicator was given with the downside crossover of the 9 and 18 bar moving average. Stochastics trending lower at midrange will tend to reinforce a move lower especially if support levels are taken out. The market now above the 18-day moving average suggests the intermediate-term trend has turned up. The market setup is supportive for early gains with the close over the 1st swing resistance. The next downside target is 118-050. The next area of resistance is around 121-030 and 121-180, while 1st support hits today at 119-130 and below there at 118-050.
10 YR TREASURY NOTES (DEC) 09/18/2009: Momentum studies trending lower at id-range should accelerate a move lower if support levels are taken out. The cross over and close above the 18-day moving average indicates the intermediate-term trend has turned up. The upside daily closing price reversal gives the market a bullish tilt. Market positioning is positive with the close over the 1st swing resistance. The next downside objective is now at 116-125. The next area of resistance is around 117-290 and 118-050, while 1st support hits today at 117-010 and below there at 116-125.
December 10 Yr Treasury Notes closed up 0-165 at 117-130. This was 0-250 up from the low and 0-035 off the high.
Technical Outlook
BONDS (DEC) 09/18/2009: A negative indicator was given with the downside crossover of the 9 and 18 bar moving average. Stochastics trending lower at midrange will tend to reinforce a move lower especially if support levels are taken out. The market now above the 18-day moving average suggests the intermediate-term trend has turned up. The market setup is supportive for early gains with the close over the 1st swing resistance. The next downside target is 118-050. The next area of resistance is around 121-030 and 121-180, while 1st support hits today at 119-130 and below there at 118-050.
10 YR TREASURY NOTES (DEC) 09/18/2009: Momentum studies trending lower at id-range should accelerate a move lower if support levels are taken out. The cross over and close above the 18-day moving average indicates the intermediate-term trend has turned up. The upside daily closing price reversal gives the market a bullish tilt. Market positioning is positive with the close over the 1st swing resistance. The next downside objective is now at 116-125. The next area of resistance is around 117-290 and 118-050, while 1st support hits today at 117-010 and below there at 116-125.
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