9.8 C
New York
Saturday, November 23, 2024

Government bonds (TLT) breaking steep rising support channel

Courtesy of Chris Kimble.

tltbreakingbelowsupportapr28CLICK ON CHART TO ENLARGE

TLT had a great 2014 and early part of 2015. TLT hit the top of this steep rising channel a few months ago and stopped on a dime.

Now TLT is attempting a breakdown of this channel, where it rallied over 35% in a little over a year.

Could a rally in some commodities, (Gold/Silver/Miners) and the Euro have some bond players spooked/nervous?  Could be!!!

To become a member of Kimble Charting Solutions, click here.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

156,468FansLike
396,312FollowersFollow
2,320SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x