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