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TLT Trading Near Support, 10 Year Bond Yields Approaching Resistance

TLT is trading near a light blue support line around $92. There has been a brief drop below support, but TLT is trying to climb back above support here. I think there could be a bullish rebound here, but the 10 year bond yields could also trend higher.

US10Y could still experience more upside to 4.44%. If 10 year bond yields continue to rise then TLT could dip lower before bottoming out. I would keep a close eye on both charts if trading US bonds.

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