A Tone Change in Long-Term Rates

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Published : February 08th, 2017
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Category : Opinions and Analysis

24hGold - A Tone Change in Lon...

TLT is within a day's rally of an important resistance, a midpoint Hidden Pivot at 121.28 (see above) that is associated with a target at 124.23.  If that last number were to be achieved, it would correspond to a drop in T-Bond rates to 2.83% from a current 3.02%. It is what happens after that that's important, however, since the target is compelling enough that we should expect a tradable pullback from it. If instead the futures push past 124.23 with little effort, especially after a stall that has lasted less than three days, it would strongly imply that the felicitous trend in long-term rates is likely to continue. If you don't subscribe, click here for two weeks' free access to Rick's Picks, including daily, actionable 'touts', round-the-clock updates, impromptu tech analysis sessions online, and a chat room that draws experienced traders from around the world at all hours of the day and night.


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Data and Statistics for these countries : Georgia | All
Gold and Silver Prices for these countries : Georgia | All
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Rick Ackerman is the editor of Rick’s Picks, a daily trading newsletter and intraday advisory packed with detailed strategies, fresh ideas and plain old horse sense.
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