Regnevathe2nd
Long

30-YEAR T-Bonds - Down, But Not Out

OANDA:USB30YUSD   US T-Bond
34 0 4
The first support for the 30-Year is 152 (purple line) and the next is 146 (green line). A turn anywhere above 152 in the days to come will signal a bottom and a potential run to 162.
Comment: Holding at trendline support in blue. The fall has been steep and accompanied by high volume. However, a bottom could be in for now and a bounce is possible at these levels. I believe the sell-off in bonds has been overdone. Long term positive trend is still intact as evident on the weekly chart.
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