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TLT Approaching $92 Support

Written By: ChartChamp

October 17, 2024

US bonds have experienced a correction, and TLT is approaching a light blue support level around $92. I would monitor for a bullish rebound, and TLT needs to find support above $96.02 to trend up higher. I think there could be a nice swing trade opportunity to buy at $92.

10 year bond yields have rebounded from 3.600% support. When bond yields rise, bond prices tend to decline. I think bond yields could trend up higher to the yellow trendline around 4.418%.

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