Monday, November 13, 2006

T-bonds


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

I think the reaction from Friday's high of 113-05 is about over. It has reached support near a previous high on the way up and at the point where it is equal in length to the last reaction.

The next development should be a breakout above the September 25 top at 113-11.

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