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September T-bonds closed up 1-19. at 140-30.

September T-bonds closed higher on Tuesday as it extended the rally off June's low. The high-range close sets the stage for a steady to higher opening when Wednesday'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 June's low, the 38% retracement level of the 2021-2022 decline crossing at 143-28 is the next upside target. Closes below the 20-day moving average crossing at 135-27 would signal that a short-term top has been posted. First resistance is May's high crossing at 141-21. Second resistance is the 38% retracement level of the 2021-2022 decline crossing at 143-28. First support is the 20-day moving average crossing at 135-27. Second support is last-Monday's low crossing at 134-08. Third support is June's low crossing at 131-01.

September T-notes closed up 190 pts. at 119.275.

September T-notes closed higher on Tuesday and is poised to test of May's high crossing at 120.195. The high-range close sets the stage for a steady to higher opening when Wednesday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling sideways to lower prices are possible near-term. If September extends the rally off June's low, May's high crossing at 120.195 is the next upside target. Closes below last-Monday's low crossing at 116.110 would signal that a short-term top has been posted. First resistance is today's high crossing at 120.070. Second resistance is May's high crossing at 120.195. First support is last-Monday's low crossing at 116.110. Second support is June's low crossing at 114.075.