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June T-bonds closed up 4/32's at 157-07.

June T-bonds closed higher on Friday. 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, diverging but remain neutral to bearish signaling that sideways to lower prices are possible near-term. 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. Closes above the 20-day moving average crossing at 161-21 would signal that a short-term low has been posted. First resistance is the 10-day moving average crossing at 159-01. Second resistance is the 20-day moving average crossing at 161-21. First support is today's low crossing at 155-27. Second support is the January-2020 low on the monthly continuation chart crossing at 155-05.

June T-notes closed down 15-pts. At 132.110.

June T-notes closed lower on Friday as it extends the decline off last-September'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 oversold, diverging 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 134.135 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 133.143. Second resistance is the 20-day moving average crossing at 134.135. First support is last-Thursday's low crossing at 131.310. Second support is the the 50% retracement level of the 2018-2020-rally on the weekly continuation chart crossing at 129.035.