December Bonds finished up 0-090 at 119-310, 0-110 off the high and 0-180 up from the low.
December 10 Yr Treasury Notes closed up 0-085 at 117-225. This was 0-140 up from the low and 0-075 off the high.
Technical Outlook
BONDS (DEC) 09/25/2009: The daily stochastics have crossed over up which is a bullish indication. Positive momentum studies in the neutral zone will tend to reinforce higher price action. The market's close above the 9-day moving average suggests the short-term trend remains positive. The market has a slightly positive tilt with the close over the swing pivot. The next upside objective is 120-270. The next area of resistance is around 120-160 and 120-270, while 1st support hits today at 119-200 and below there at 119-020.
10 YR TREASURY NOTES (DEC) 09/25/2009: The daily stochastics have crossed over up which is a bullish indication. Stochastics are at mid-range but trending higher, which should reinforce a move higher if resistance levels are taken out. A positive signal for trend short-term was given on a close over the 9-bar moving average. It is a mildly bullish indicator that the market closed over the pivot swing number. The next upside target is 118-110. The next area of resistance is around 118-030 and 118-110, while 1st support hits today at 117-140 and below there at 117-005.
December 10 Yr Treasury Notes closed up 0-085 at 117-225. This was 0-140 up from the low and 0-075 off the high.
Technical Outlook
BONDS (DEC) 09/25/2009: The daily stochastics have crossed over up which is a bullish indication. Positive momentum studies in the neutral zone will tend to reinforce higher price action. The market's close above the 9-day moving average suggests the short-term trend remains positive. The market has a slightly positive tilt with the close over the swing pivot. The next upside objective is 120-270. The next area of resistance is around 120-160 and 120-270, while 1st support hits today at 119-200 and below there at 119-020.
10 YR TREASURY NOTES (DEC) 09/25/2009: The daily stochastics have crossed over up which is a bullish indication. Stochastics are at mid-range but trending higher, which should reinforce a move higher if resistance levels are taken out. A positive signal for trend short-term was given on a close over the 9-bar moving average. It is a mildly bullish indicator that the market closed over the pivot swing number. The next upside target is 118-110. The next area of resistance is around 118-030 and 118-110, while 1st support hits today at 117-140 and below there at 117-005.
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