Wednesday's T-Bill Technicals
Petros Steriotis | Oct 07, 2014 04:14PM ET
My latest estimate for a retest of contract highs for the U.S. 10-year Note's December futures has come true. The treasury's strength may have to do with the recent weakness in other asset classes like stock indices and commodities.
Wednesday's Technicals
And that's even more impressive as it takes place a few trading days after the announcement of stronger-than-expected NFPs in the U.S. The daily trend remains up as long as price stays over 125.20. The market has technical support at 125.70, 125.40 and 125, while there is resistance at 126.50 and 127.
Chart courtesy of investing.com.
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