Are Treasury Bonds (TLT) Reversing Lower Again?

tlt treasury bonds etf forecast lower bottom price target chart investing image

After a period of consolidation, treasury bonds may be set to move lower once more.

As you can see in today’s chart of the long-dated Treasury Bonds ETF (TLT), momentum has turned lower and a minor trend-line off the March low has been broken.

This reversal lower has an initial trading price target of $131 but could slip down to $127. It’s been a tough past year for bond bulls. It may take a bit more selling before we see a stronger relief rally. Keep an eye on the recent lows…

The author or his firm have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

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