Tuesday, November 21, 2006

T-bonds


Here is an hourly chart of December T-bond futures. I last commented on this chart here.

As you can see the market is in the process of putting in a wide range up bar which breaks above the recent two day trading range. I think this means that the low of November 16 at 112-03 will hold and that the bonds are headed for the 115-01 level which is the 1/2 point of the next higher box.

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