INO.com’s Daily Market Analysis
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December U.S. T-Bonds closed down 12/32 at 142 10/32 today. Prices closed nearer the session low on more profit taking. The bulls still have the near-term technical advantage. The next downside price breakout objective for the T-Bond bears is closing prices below solid technical support at 140 16/32.
December U.S. T Notes closed down 8.0 (32nds) at 127.13.0 today. Prices closed nearer the session low on more profit taking. The T-Note bulls still have the overall near-term technical advantage. The next upside price breakout objective for the bulls is closing prices above solid resistance at 129.00.0.