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U.S. Bonds Market Faces Resistance

The U.S. Bonds market has struggled to trend up. For TLT there is a resistance zone between $92 and $100. TLT is likely to trend back down towards the yellow and white support lines. The historic lows are trading near $82.55, I think TLT could retest those lows at some point. There is a lot of conspiracy about the U.S. government driving the price of bonds lower so that they can load up at a cheaper price. This would hurt fiat currencies throughout the world while the U.S. Dollar rebounds. For now it’s just a conspiracy but we’ll see what happens over the next few months.

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