What’s Up, What’s Down: Strong Closes for Eurodollars

Comments for Thursday, November 20, 2008

Looking Ahead to Today By Reflecting back at Wednesday’s price action


Higher closes for the bonds, notes and eurodollars once again. The eurodollar had another (3rd in a row) strong close as it heads towards its last high. The eurodollar was hurt by last week’s action meaning but has overcoming the break in a very convincing fashion. The notes and bonds continue to move higher with the notes making a new contract high and close with the bonds not far behind.

T-Bond Futures Chart

Rick Alexander has been a broker and analyst in the futures business for over thirty years. He is a Vice-President for Sales and Trading at the Zaner Group (www.zaner.com) a Chicago-based futures brokerage firm. If you would like a free booklet explaining the charts mentioned above, email Rick at ralexander@zaner.com.