S&P 500
2056.15
-4.90 -0.24%
Dow Indu
17678.23
-40.31 -0.23%
Nasdaq
4865.16
-11.36 -0.23%
Crude Oil
50.41
-1.02 -2.00%
Gold
1204.490
+3.640 +0.30%
Euro
1.086900
-0.000540 -0.05%
US Dollar
97.895
+0.474 +0.61%
Weak

Market Commentary

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

INO.com’s Daily Market Analysis

It’s free, informative, and will help you prepare and plan for the next trading day, while getting a jump on changing market conditions.

Privacy Policy

INTEREST RATES

June T-bonds closed down 1-30-pts. At 162-19.

June T-bonds closed lower on Thursday and below the 10-day moving average crossing at 162-25 signaling that a short-term top is in or is near. The low-range close sets the stage for a steady to lower opening when Friday's night trading begins. Stochastics and the RSI are overbought but are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 160-26 would confirm that a short-term top has been posted. If June extends the rally off March's low, the reaction high crossing at 168-11 is the next upside target. First resistance is Wednesday's high crossing at 165-27. Second resistance is the reaction high crossing at 168-11. First support is today's low crossing at 162-14. Second support is the 20-day moving average crossing at 160-26.

INO.com on Facebook INO.com MarketClub on Twitter INO.com on Google+ INO.com YouTube

© Copyright INO.com, Inc. All Rights Reserved.