Monday, June 25th
On the economic calendar:-
08:30 Chicago Fed National Activity Index
10:00 New Home Sales (Consensus 350 K - Prior 343 K)
10:15 Fed Outright Treasury Coupon Sales up to $8.75 billion
10:30 Dallas Fed Mfg Survey (Consensus 0.0 - Prior -5.1)
11:00 4 Week Bill Announcement
11:30 3 & 6 Month Bill Auctions
Prices strengthened overnight from an opening low of 148’01 up to a high of 148’24 earlier this morning. The 30 minute trend remains bearish, with a close above 148’23 flipping the trend bullish.
Prices have been in a feel defined range the last couple of sessions, with 150’10 being the upper end, and 147’19 being the lower end of the range.
As well as being in a range, prices are also caught in a wedge, and it seems that a breakout is imminent.
Price support and resistance remain unchanged.