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September T-bonds closed down 4/32's at 155-26.

September T-bonds closed lower on Friday. The low-range close sets the stage for a steady to lower 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 July's low, June's high crossing at 157-08 is the next upside target. Closes below Tuesday's low crossing at 153-24 would confirm that a short-term top has been posted. First resistance is today's high crossing at 156-12. Second resistance is June's high crossing at 157-08. First support is Tuesday's low crossing at 153-24. Second support is the reaction low crossing at 152-03.

September T-notes closed up 5/32's at 126-235.

September T-notes closed slightly higher on Friday. The mid-range close sets the stage for a steady opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term possible near-term. If September extends the rally off July's low, June's high crossing at 127.080 is the next upside target. Closes below Wednesday's low crossing at 126.000 would confirm that a short-term top has been posted. First resistance today's high crossing at 127.015. Second resistance is June's high crossing at 127.080. First support is the reaction low crossing at 125.155. Second support is July's low crossing at 124.255.

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