Dominate Your Market
by Jim Wyckoff
See on the daily bar chart for December U.S. Treasury bond futures that prices are trending down and the bears have the near-term technical advantage. A move in prices below solid chart support at the October low of 173 10/32 would give the bears more power to suggest significantly more downside price pressure. It will take a move above chart resistance at the last “reaction high” in the downtrend, at 176 10/32, to revive the bulls. Stay tuned!– Jim
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