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 up 22/32's at 132-15.

June T-bonds closed higher on Friday as it extends the trading range of the past two-weeks. The mid-range close sets the stage for a steady to higher opening when Monday's day session begins trading. Stochastics and the RSI have turned neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off March's low, January's high crossing at 134-16. First resistance is Monday's high crossing at 133-29. Closes below the 50-day moving average crossing at 129-10 would signal that a short-term top has been posted. First resistance is Monday's high crossing at 133-29. Second resistance is January's high crossing at 134-16. First support is the 50-day moving average crossing at 129-10. Second support is the 20-day moving average crossing at 128-09.

June T-notes closed up 60-pts. at 116.055.

June T-notes closed higher on Friday as it extends the rally off Wednesday's low. The mid-range close sets the stage for a steady to slightly lower opening when Monday's day 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 June extends this month's rally, the 38% retracement level of the 2020-2022 decline on the monthly continuation chart crossing at 120.310 is the next upside target. Closes below the 50-day moving average crossing at 113.266 would signal that a short-term top has been posted. First resistance is Today's high crossing at 117.015. Second resistance is the 38% retracement level of the 2020-2022 decline on the monthly continuation chart crossing at 120.310. First support is the 50-day moving average crossing at 113.266. Second support is the 20-day moving average crossing at 113.055.

×

It’s not goodbye, it’s hello Magnifi!

You are now leaving a Magnifi Communities’ website and are going to a website that is not operated by Magnifi Communities. This website is operated by Magnifi LLC, an SEC registered investment adviser affiliated with Magnifi Communities.

Magnifi Communities does not endorse this website, its sponsor, or any of the policies, activities, products, or services offered on the site. We are not responsible for the content or availability of linked site.

Take Me To Magnifi