My latest reported estimate for a retest of contract highs for the 10-year-Note December futures has come true. The treasuries strength may have to do with the recent weakness of other asset classes, such as stock indices and commodities. This is even more impressive as it takes place a few trading days after the announcement of stronger than expected NFPs in the US. The daily trend remains up as long as price stays over 125.20. The market has technical support @ 125.70, 125.40 and 125, while there is resistance @ 126.50 and 127.
T-Note Dec’14 futures, daily candlechart:
Chart courtesy of investing.com. http://investing.com
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