Thursday, December 8 2016 Morning Bond Comments from MB
Bond market was trying to build a floor for much of this week but just broke key areas as ECB hitting the wires.
I would not consider buying today (as of 7:00 am). I like fading a rally at the (**) levels. However, given the sensitivity of this market to ECB reaction, I am hesitant to give exact trade ideas.
151’19 (***)
151’09 (**) TGT 3 + Bears Need to Hold
151’00 (*) TGT 2
150’18 (*) First Higher Target + Small Resist
150’06 (**) Pivotal for Control
149’17 (*) TGT 1
149’11 (*) TGT 2 + Small Support
148’30 (*) TGT 3 + Small Support
148’11 (***)
All the best;
Michael Blythe
Futures Strategist
Hamzei Analytics, LLC
