March U.S. T-Bonds closed up 7/32 at 141 9/32 today. Prices closed nearer the session high today. Prices hit a six-week high on Monday. The bond bulls still have the near-term technical advantage. The next downside price breakout objective for the T-Bond bears is closing prices below solid technical support at 140 even. The next upside technical objective for the bulls is to produce a close above solid technical resistance at this week’s high of 143 9/32. First resistance is seen at 141 16/32 and then at Tuesday’s high of 142 even. First support is seen at today’s low of 140 26/32 and then at 140 16/32. Wyckoff’s Market Rating: 6.0
March U.S. T Notes closed down 2.0 (32nds) at 126.09.0 today. Prices closed near mid-range on mild profit taking after hitting a six-week high on Monday. The T-Note bulls still have the near-term technical advantage. The next upside price breakout objective for the bulls is closing prices above solid resistance at this week’s high of 127.15.5. The next downside price breakout objective for the bears is producing a close below solid technical support at 125.16.0. First resistance is seen at today’s high of 126.13.5 and then at Tuesday’s high of 126.26.5. First support is seen at today’s low of 126.05.0 and then at 126.00.0. Wyckoff’s Market Rating: 6.0
