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June T-bonds closed up 3-00/32's at 182-02.

June T-bonds closed higher on Wednesday. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off March's low, March's high crossing at 191-22. Closes below the 20-day moving average crossing at 177-26 would signal that a short-term top has been posted. If June resumes the decline off March's high, the 50-day moving average crossing at 169-01 is the next downside target. First resistance is the reaction high crossing at 182-21. Second resistance is March's high crossing at 191-22. First support is the 20-day moving average crossing at 177-26. Second support is the 50-day moving average crossing at 169-01.

June T-notes closed up 135-pts. at 139.035.

June T-notes closed higher on Wednesday. The low-range close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off March's low, March's high crossing at 140.240 is the next upside target. Closes below the 20-day moving average crossing at 137.106 would signal that a short-term top has been posted while opening the door for a possible test of the 50-day moving average crossing at 133.290. First resistance is today's high crossing at 139.135. Second resistance is March's high crossing at 140.240. First support is the 20-day moving average crossing at 137.106. Second support is the 50-day moving average crossing at 133.290.