December U.S. T-Bonds closed up 13/32 at 133 12/32 Monday. Prices closed near mid-range Monday and are hovering near a 2.5-month high. Bond market bears still have the overall near-term technical advantage. The next downside price breakout objective for the T-Bond bears is closing prices below solid technical support at 131 even. The next upside technical objective for the bulls is to produce a close above solid technical resistance at the July high of 135 1/32. First resistance is seen at Monday’s high of 133 23/32 and then at last week’s high of 133 29/32. First support is seen at Monday’s low of 133 5/32 and then at 133 even. Wyckoff’s Market Rating: 3.5.
December U.S. T Notes closed up 4.0 (32nds) at 126.10.0 Monday. Prices closed nearer the session low Monday. The bears have the slight overall near-term technical advantage. However, the bulls have gained upside momentum recently. The next upside price breakout objective for the bulls is closing prices above solid resistance at 127.16.0. The next downside price breakout objective for the bears is producing a close below solid technical support at 124.24.0. First resistance is seen at Monday’s high of 126.18.0 and then at last week’s high of 126.27.5. First support is seen at Monday’s low of 126.08.5 and then at last week’s low of 125.30.5. Wyckoff’s Market Rating: 4.5
