March U.S. T-Bonds closed up 11/32 at 140 4/32 today. Prices closed near mid-range. The bulls and bears are still on a level near-term technical playing field as trading remains choppy. The next downside price breakout objective for the T-Bond bears is closing prices below solid technical support at the November low of 138 28/32. The next upside technical objective for the bulls is to produce a close above solid technical resistance at 141 16/32. First resistance is seen at today’s high of 140 21/32 and then at this week’s high of 140 26/32. First support is seen at this week’s low of 139 19/32 and then at 139 10/32. Wyckoff’s Market Rating: 5.0
March U.S. T Notes closed up 4.5 (32nds) at 125.26.5 today. Prices closed near mid-range today. The T-Note bulls and bears are on a level near-term technical playing field amid choppy trading. 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 the November low of 125.04.5. First resistance is seen at 126.00.0 and then at today’s high of 126.03.5. First support is seen at today’s low of 125.20.5 and then at this week’s low of 125.17.0. Wyckoff’s Market Rating: 5.0
