June U.S. T-Bonds closed up 3/32 at 148 7/32 yesterday. Prices closed nearer the session high yesterday. Bond market bulls have the near-term technical advantage. A six-week-old uptrend is in place on the daily bar chart. The next downside price breakout objective for the T-Bond bears is closing prices below solid technical support at 145 26/32. The next upside technical objective for the bulls is to produce a close above solid technical resistance at the contract high of 149 23/32. First resistance is seen at last week’s high of 148 20/32 and then at 149 even. First support is seen at 148 even and then at yesterday’s low of 147 15/32. Wyckoff’s Market Rating: 7.0.
June U.S. T Notes closed up 4.0 (32nds) at 133.04.0 yesterday. Prices closed nearer the session high yesterday and scored a bullish “outside day” up on the daily bar chart. Bulls have the solid near-term technical advantage as prices hover near the contract high. The next upside price breakout objective for the bulls is closing prices above solid resistance at the contract high of 133.11.5. The next downside price breakout objective for the bears is producing a close below solid technical support at 132.10.5. First resistance is seen at yesterday’s high of 133.08.0 and then at 133.11.5. First support is seen at yesterday’s low of 132.30.0 and then at yesterday’s low of 132.24.5. Wyckoff’s Market Rating: 8.0
