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TFC Commodity Trading Forum

Bond ETF:TLT/ Bouncing off Support *PIC*

The bull Bond ETF:TLT is bouncing off a double bottom support pt of $110 which is the Oct/11 low. This is an important price point as it is also the Aug/10 high that price finally cleared in Sept/11 and successfully tested it in Oct/11 as support. A breakdown below this price pt which is being tested as support once again would be very bearish for Bonds and suggest much lower prices. Meanwhile price is finding support here.