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June T-bonds closed up 3/32's at 152-26.

June T-bonds closed slightly 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 remain neutral to bearish signaling that sideways to lower prices are possible near-term. Multiple closes below the 20-day moving average crossing at 152-26 are needed to confirm that a short-term top has been posted. If June resumes the rally off March's low, the 50% retracement level of the September-March-decline crossing at 156-18 is the next upside target. First resistance is April's high crossing at 155-12. Second resistance is the 50% retracement level of the September-March-decline crossing at 156-18. First support is the 20-day moving average crossing at 152-26. Second support is the 50-day moving average crossing at 150-27.

June T-notes closed up 10/32's at 125-215.

June 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 neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 125.165 are needed to confirm that a short-term top has been posted. If June renews the rally off March's low, the 62% retracement level of the October-December-decline crossing at 127.142 is the next upside target. First resistance is the 50% retracement level of the October-December-decline crossing at 126.126. Second resistance is the 62% retracement level of the October-December-decline crossing at 127.142. First support is the 20-day moving average crossing at 125.165. Second support is the 50-day moving average crossing at 124.184.

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