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September T-bonds closed up 16/32's at 144-02.

September T-bonds closed higher on Tuesday as it extends this month's trading range. The mid-range close sets the stage for a steady to higher opening when Wednesday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If September resumes the rally off May's low, April's high crossing at 146-06 is the next upside target. Closes below the reaction low crossing at 142-01 would confirm that a short-term top has been posted. First resistance is May's high crossing at 145-28. Second resistance is April's high crossing at 146-06. First support is the reaction low crossing at 142-01. Second support is May's low crossing at 139-11.

September T-notes closed up 75-points at 119-265.

September T-notes closed higher on Tuesday. However, the mid-range close sets the stage for a steady to higher opening when Wednesday'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 reaction high crossing at 120.005 would confirm that a short-term low has been posted. If September renews the decline off May's high, May's low crossing at 117.300 is the next downside target. First resistance is the reaction high crossing at 120.005. Second resistance is May's high crossing at 121.030. First support is last Wednesday's low crossing at 118.295. Second support is May's low crossing at 117.300.

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