Market Commentary and Analysis

Trader's Blog

Treasury Secretary Yellen's Gaffe

16 hours ago

Bitcoin: Make It Or Break It

2 days ago

Could Silver Futures Hit $30?

2 days ago

Weekly Stock Market Forecast

3 days ago

Disappointing Jobs Report And Record Highs

4 days ago

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 https://quotes.ino.com/exchanges/?c=interest

June T-bonds closed down 17/32's at 157-00.

June T-bonds closed lower on Tuesday as it extended the decline off last-Friday's high. The low-range close sets the stage for a steady to lower opening when Wednesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at 156-27 would confirm that a short-term top has been posted. If June renews the rally off March's low, the 38% retracement level of the 2020-2021-decline crossing at 162-31 is the next upside target. First resistance is last-Friday'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 April-29th low crossing at 156-06. Second support is the March 18th low crossing at 153-07.

June T-notes closed down 40-points at 132.155.

June T-notes closed lower on Tuesday. The low-range close sets the stage for a steady to lower opening when Wednesday's night session begins trading. Stochastics and the RSI have turned neutral to bearish signaling that a short-term top might be in or is near. Closes below the 50-day moving average crossing at 132.015 would signal that a short-term top has been posted. If June extends the rally off April's low, the 38% retracement level of the 2020-2021-decline crossing at 134.054 is the next upside 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.