10 year T-Note Technical Outlook for October 6, 2014

The 10-year-Note is close to 3-week highs despite the announcement of stronger than expected NFPs. On Friday the December futures found nice support @ 124.84 to save the day and finish above 125. The daily trend remains up as long as price stays over Friday’s low and my most likely scenario is a test of the contract high @ 126 in the next days.

T-Note Dec’14 futures, 5-hours candlechart:

US 10 YR T-Note(Daily)20141003

Chart courtesy of investing.com. http://investing.com

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