March U.S. T-Bonds closed down 10/32 at 132 21/32 today. Prices closed nearer the session low again today. Bulls and bears are presently on a level near-term technical playing field. The next downside price breakout objective for the T-Bond bears is closing prices below solid technical support at 131 even. The next upside technical objective for the bulls is to produce a close above solid technical resistance at the February high of 135 3/32. First resistance is seen at 133 even and then at today’s high of 133 15/32. First support is seen at today’s low of 132 12/32 and then at the February low of 132 even. Wyckoff’s Market Rating: 5.0.
March U.S. T Notes closed down 8.0 (32nds) at 125.15.5 today. Prices closed nearer the session low today. The bulls and bears are on a level near-term technical playing field. The next upside price breakout objective for the bulls is closing prices above solid resistance at the February high of 126.16.0. The next downside price breakout objective for the bears is producing a close below solid technical support at 125.00.0. First resistance is seen at 125.24.0 and then at today’s high of 126.02.0. First support is seen at today’s low of 125.11.5 and then at 125.07.7. Wyckoff’s Market Rating: 5.0.
