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December T-bonds closed up 10-pts. at 141-28
December T-bonds closed higher on Friday as it extends the trading range of the past four-weeks. The high-range close sets the stage for a steady to higher opening when Monday's night trading begins. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above Monday's high crossing at 142-09 would confirm an upside breakout of this month's trading range. Closes below the reaction low crossing at 140-08 would confirm that a short-term top has been posted. First resistance is Monday's high crossing at 142-09. Second resistance is October's high crossing at 148-00. First support is the reaction low crossing at 140-08. Second support is the reaction low crossing at 138-11.