September U.S. T-Bonds closed up 10/32 at 138 12/32 today. Prices closed near mid-range and scored a new contract high today. Safe-haven buying and technical buying were featured. The bulls have the solid near-term technical advantage. The next downside price breakout objective for the T-Bond bears is closing prices below solid technical support at last week’s low of 136 17/32. 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 27/32 and then at 139 even. First support is seen at 138 even and then at 137 23/32. Wyckoff’s Market Rating: 8.0
September U.S. T Notes closed down 1.0 (32nds) at 125.08.0 today. Prices closed near the session low today on profit taking after hitting a six-week high on Friday. The T-Note bulls still have the firm near-term technical advantage. The next upside price breakout objective for the bulls is closing prices above solid resistance at the contract high of 126.00.0. The next downside price breakout objective for the bears is producing a close below solid technical support at last week’s low of 124.24.0. First resistance is seen at today’s high of 125.16.5 and then at last week’s high of 125.23.5. First support is seen at 125.00.0 and then at 124.24.0. Wyckoff’s Market Rating: 7.0
