INO.com’s Daily Market Analysis
It’s free, informative, and will help you prepare and plan for the next trading day, while getting a jump on changing market conditions.
December T-bonds closed down 1/32's at 155-08.
December T-bonds closed slightly lower on Friday as it consolidates some of the rally off November's low. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off November's low, the reaction high crossing at 157-00 is the next upside target. Closes below the 20-day moving average crossing at 154-01 would temper the near-term friendly outlook. First resistance is today's high crossing at 155-30. Second resistance is the reaction high crossing at 157-00. First support is the 20-day moving average crossing at 154-01. Second support is the 62% retracement level of the June-August-rally crossing at 151-29.