Friday, December 23, 2016 Morning Bond Comments
Bond market still trying to lean higher with unimpressive volume during a disinterested pre holiday week. The cash bond market closes at 1:00 pm cst time today.
150’05 (***) Third Higher Target + Resistance
149’27 (*) Second Higher Target
149’18 (*) First Higher Target
149’09 (*) Early Pivot
148’26 (*) First Lower Target + Some Support
148’18 (**) Second Lower Target + More Support
148’10 (*) Third Lower Target + Support
All the best;
Michael Blythe
Futures Strategist
Hamzei Analytics, LLC