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September T-bonds closed unchanged at 156-15.

September T-bonds closed unchanged on Friday. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off May's high, weekly resistance crossing at 157-12 is the next upside target. Closes below the 20-day moving average crossing at 154-27 would confirm that a short-term top has been posted. First resistance is Thursday's high crossing at 156-23. Second resistance is weekly resistance crossing at 157-12. First support is the 20-day moving average crossing at 154-27. Second support is the 50-day moving average crossing at 152-28.

September T-notes closed up 10/32's at 126-230.

September T-notes closed higher on Friday. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are turning neutral signaling that sideways trading is possible near-term possible near-term. Closes below the 20-day moving average crossing at 126.159 would confirm that a short-term top has been posted. If September extends the rally off May's low, weekly resistance crossing at 127.026 is the next upside target. First resistance is weekly resistance crossing at 127.026. Second resistance is weekly resistance crossing at 128.068. First support is the 20-day moving average crossing at 126.159. Second support is the 50-day moving average crossing at 125.267.

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