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December T-bonds were higher overnight. Stochastics and the RSI remain neutral to bullish signaling that a low might be in or is near. If December extends the rally off November's low, November's high crossing at 161-22 is the next upside target. Closes below the 10-day moving average crossing at 158-17 are needed to confirm that a short-term low has been posted. First resistance the 50-day moving average crossing at 160-11. Second resistance is November's high crossing at 161-22. First support is the 50% retracement level of the April-August-rally crossing at 155-25. Second support is the 62% retracement level of the April-August-rally crossing at 153-06.

December T-notes were higher overnight. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off November's low, November's high crossing at 130.155 is the next upside target. Closes below the 10-day moving average crossing at 129.051 would confirm that a short-term top has been posted. First resistance is the 50-day moving average crossing at 129.269. Second resistance is November's high crossing at 130.155. First support is the 50% retracement level of the April-August-rally crossing at 127.171. Second support is the 62% retracement level of the April-August-rally crossing at 126.122.