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 down 4/32's at 156-22.

June T-bonds closed slightly lower on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are turning neutral to bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing at 157-17 would signal that a short-term low has been posted. If June extends last-week's decline, the March 30th low crossing at 153-29 is the next downside target. First resistance is May's high crossing at 160-15. Second resistance is the 38% retracement level of the 2020-2021-decline crossing at 160-15. First support is the March 30th low crossing at 153-29. Second support is the March 18th low crossing at 153-07.

June T-notes closed down 35-points at 132.095.

June T-notes closed lower on Monday. The low-range close sets the stage for a steady to lower opening when Tuesday'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 June renews the rally off April's low, the 38% retracement level of the 2020-2021-decline crossing at 134.054 is the next upside target. If June extends last-week's decline, the April-29th low crossing at 131.185 is the next downside target. First resistance is the 25% retracement level of the 2020-2021-decline crossing at 133.001. Second resistance is March's high crossing at 133.230. First support is the April 29th low crossing at 131.185. Second support is April's low crossing at 130.255.