June U.S. T-Bonds closed down 16/32 at 136 31/32 today. Prices closed near the session low and saw profit taking. Bulls still have the solid overall near-term technical advantage. Prices are in a 4.5-month-old uptrend on the daily bar chart. The next downside price breakout objective for the T-Bond bears is closing prices below solid technical support at last week’s low of 135 5/32. The next upside technical objective for the bulls is to produce a close above solid technical resistance at the contract high of 138 4/32. First resistance is seen at 137 9/32 and then at 137 16/32. First support is seen at 136 23/32 and then at 136 16/32. Wyckoff’s Market Rating: 8.0
June U.S. T Notes closed down 1.0 32nds at 125.24.0 today. Prices closed nearer the session low today and saw mild profit taking. The T-Note bulls still have the solid near-term technical advantage. The next upside price breakout objective for the bulls is closing prices above solid resistance at the contract high of 126.15.5. The next downside price breakout objective for the bears is producing a close below solid technical support at last week’s low of 124.20.5. First resistance is seen at today’s high of 126.01.5 and then at last week’s high of 126.05.0. First support is seen at today’s low of 125.22.0 and then at 125.16.0. Wyckoff’s Market Rating: 8.0
