Bonds Move Outside Of Trading Range
The bonds finally broke out of their trading range to the downside after consolidating for 11 weeks. Volume has increased on the move down which is a good sign if you are bearish. Any rally up to the breakout level (100 area) should be met with selling. A move back above 101.50 would suggest the down move was a trap.
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2 comments:
you watching this coil in the BXK?
Kevin, would you say that the flip side--TBT--is breaking out to the upside?
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