10 year T-Note: Consolidating Around Crucial Support

 | Nov 12, 2014 04:50AM ET

The price of 10-Year Treasuries has been consolidating around crucial support between 126 and 127 during the last 3 weeks. I guess it will breakout or breakdown of this range shortly, so that we can follow the market direction and position ourselves accordingly.

10-year Notes, daily chart: