T-bond futures rallied through an 11-week base (24 Jan high/8 Mar low) to post new year-to-date highs. While the daily studies continue to strengthen, scope remains for further upside towards 148-25 (28 Dec 2012 high). A break above there would fuel further gains towards 149-29 (14 Dec 2012 high) ahead of the 152-21 key (16 Nov 2012 lower high). 146-01 (4 Apr low) should limit dips. Only sustained weakness below 144-00 (1 Apr low) would delay bulls and expose 142-00 (8 Mar low). Monday, April 8, 2013
U.S. 30-year Treasury Bond Futures Staged 11-week Base Breakout
T-bond futures rallied through an 11-week base (24 Jan high/8 Mar low) to post new year-to-date highs. While the daily studies continue to strengthen, scope remains for further upside towards 148-25 (28 Dec 2012 high). A break above there would fuel further gains towards 149-29 (14 Dec 2012 high) ahead of the 152-21 key (16 Nov 2012 lower high). 146-01 (4 Apr low) should limit dips. Only sustained weakness below 144-00 (1 Apr low) would delay bulls and expose 142-00 (8 Mar low). 
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