Safety First

10/16/2008 9:52 am EST

Focus: COMMODITIES

Thomas Aspray

, Professional Trader & Analyst

chart

The renewed plunge in stock prices has caused a further flight to safety as investors moved into treasury securities. The daily chart shows a clear uptrend as rates have declined. The T-Note futures have again turned higher from initial support at 106.50. Further support at 105.40-60 area.

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