S&P 500
1876.93
-2.62 -0.14%
Dow Indu
16507.81
-6.56 -0.04%
Nasdaq
4134.13
-27.33 -0.66%
Crude Oil
101.54
-0.21 -0.21%
Gold
1283.865
-1.085 -0.08%
Euro
1.381605
+0.000120 +0.01%
US Dollar
79.846
-0.044 -0.06%
Weak

Market Commentary

Currencies | Energy | Food | Grains | Indexes | Interest | Livestock | Metals

INTEREST RATES

June T-bonds were higher due to short covering overnight. Stochastics and the RSI are turning neutral to bullish hinting that a short-term low might be in or is near. If June renews this month's rally, weekly resistance crossing at 135-24 is the next upside target. Closes below the 20-day moving average crossing at 133-23 are needed to confirm that a short-term top has been posted. First resistance is last Tuesday's high crossing at 135-10. Second resistance is weekly resistance crossing at 135-24. First support is the 20-day moving average crossing at 133-23. Second support is this month's low crossing at 131-21.

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