Tuesday, November 29, 2016 Morning Bond Comments from MB
Good morning. Heavier calendar could lead to a volume pickup. I like fading the resistance areas but also want to buy in the support zone with smaller size. Of course, some of the 7:30 am cst eco releases could change some of this outlook.
I’m still using Dec 16 numbers on the US T Bond
154’11 (**) Resistance
154’04 (**) TGT 2 + Resistance
153’27 (**) First Higher Target + Resistance
153’11 (*) Early Pivot
153’06 (*) First Lower Target + Small Support
153’00 (**) Second Lower Target + Support Zone Begins
153’27 (**) TGT 3 + Mid Support Zone
152’22 (***) TGT 4 + Bottom of Support Zone
All the best;
Michael Blythe
Futures Strategist
Hamzei Analytics, LLC