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June T-bonds closed up 2-11/32's at 160-19.

June T-bonds closed sharply higher on Friday as it consolidated some of the decline off last-August's high. 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 to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 163-24 would signal that a short-term low has been posted. If June extends the decline off November's high, the January-2020 low on the monthly continuation chart crossing at 155-05 is the next downside target. First resistance is the 10-day moving average crossing at 161-11. Second resistance is the 20-day moving average crossing at 163-24. First support is the 62% retracement level of the 2018-2020 rally on the monthly continuation chart crossing at 157-20. Second support is the January-2020 low on the monthly continuation chart crossing at 155-05.

June T-notes closed up 185-pts. At 132.245.

June T-notes posted an inside day with a higher close on Friday as it consolidated some of this month's decline. 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 oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If June extends the decline off the January 27th high, the 38% retracement level of the 2018-2020-rally on the weekly continuation chart crossing at 131.278 is the next downside target. Closes above the 20-day moving average crossing at 135.003 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at 134.064. Second resistance is the 20-day moving average crossing at 135.003. First support is Thursday's low crossing at 131.310. Second support is the the 38% retracement level of the 2018-2020-rally on the weekly continuation chart crossing at 131.278.