Monday, December 19, 2016 Morning Bond Comments from MB
Hello. Once again, bonds trying to hold up in a quiet overnight session. This week has a mixture of quiet but also some noticeable economic reports. Bonds have to rally back up to 150’00 at least some point.
I like selling the 148’15 price today, risking 8 ticks to make 16 minimum, if there is momentum lower then I’d attempt for 24 ticks. Or I can buy 147’18, risking 8 ticks to make 24.
149’09 (***) TGT 4 + Resist
`148’28 (*) TGT 3 + Some Resist
148’15 (**) TGT 2 + Fair Resist
148’06 (*) First Higher Target + Small Resist
147’28 (*) Early Pivot
147’21 (*) First Lower Target + Some Support
147’14 (**) Target Two + Better Support
147’04 (***) TGT 3 + Support
All the best;
Michael Blythe
Futures Strategist
Hamzei Analytics, LLC
