June U.S. T-Bonds closed up 1 8/32 at 138 20/32 today. Prices closed nearer the session high and hit another contract high today. Bulls 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 140 even. First resistance is seen at today’s contract high of 138 23/32 and then at 139 even. First support is seen at 138 4/32 and then at 137 16/32. Wyckoff’s Market Rating: 8.5
June U.S. T Notes closed up 17.0 32nds at 126.14.0 today. Prices closed nearer the session high and hit a fresh contract today. The T-Note bulls have the solid overall near-term technical advantage. The next upside price breakout objective for the bulls is closing prices above solid resistance at 127.00.0. The next downside price breakout objective for the bears is producing a close below solid technical support at last week’s low of 125.18.0. First resistance is seen at today’s contract high of 126.17.0 and then at 126.24.0. First support is seen at 126.05.0 and then at 126.00.0. Wyckoff’s Market Rating: 8.5
