The Bonds Weekly Chart is clearly in a downwards channel at the moment. With a target of 147. We have noticed over the last week or two money coming out of the stock and equities, and into the USD and bonds.
The Bonds Weekly Chart is also showing us that things are very very oversold longer term. So we would not be surprised to see Bonds Weekly Chart go up and reach the 147 market and then possibly break its falling resistance line and head higher.
The Bonds Weekly Chart is very telling and we will monitor this over the coming weeks.
|bonds weekly chart|
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