June U.S. T-Bonds closed down 13/32 at 143 30/32 yesterday. Prices closed near the session low yesterday on profit taking after hitting a fresh six-week high early on. Bulls and bears are on a level near-term technical playing field but the bulls do still have some upside momentum on their side. The next downside price breakout objective for the T-Bond bears is closing prices below solid technical support at 142 16/32. The next upside technical objective for the bulls is to produce a close above solid technical resistance at 145 even. First resistance is seen at 144 16/32 and then at the December high of 144 30/32. First support is seen at 143 15/32 and then at 143 even. Wyckoff’s Market Rating: 5.0.
June U.S. T Notes closed down 5.0 (32nds) at 131.20.0 yesterday. Prices closed nearer the session low yesterday on profit taking after hitting a fresh two-month high early on. Bulls still have the overall near-term technical advantage. The next upside price breakout objective for the bulls is closing prices above solid resistance at 132.08.0. The next downside price breakout objective for the bears is producing a close below solid technical support at 130.24.0. First resistance is seen at the February high of 131.27.0 and then at yesterday’s high of 132.00.5. First support is seen at 131.16.0 and then at 131.11.0. Wyckoff’s Market Rating: 6.0
