June U.S. T-Bonds closed up 1/32nds at 134 16/32nds today. Prices closed nearer the session high today. Bulls have the solid overall near-term technical advantage. The next downside price breakout objective for the T-Bond bears is closing prices below solid technical support at 133 even. The next upside technical objective for the bulls is to produce a close above solid technical resistance at the contract high of 135 10/32. First resistance is seen at today’s high of 134 18/32 and then at 135 even. First support is seen at 134 even and then at today’s low of 133 24/32. Wyckoff’s Market Rating: 7.5
June U.S. T Notes closed down 2.0.0 32nds at 123.28.5 today. Prices closed near mid-range. The T-Note 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 March high of 125.06.5. The next downside price breakout objective for the bears is producing a close below solid technical support at the April low of 122.22.5. First resistance is seen at this week’s high of 124.03.0 and then at 124.08.0. First support is seen at today’s low of 123.19.0 and then at this week’s low of 123.16.0. Wyckoff’s Market Rating: 5.0
