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Bond

iShares Barclays 20year Treasury Bonds (NYSE:TLT) : Watch the Weekly Kumo

As TLT pierce through the various support levels on the Daily Chart, it may be near a critical support level soon.

The support level comes from the Weekly Chart with the kumo and Chikou Span as support at around $94.60

The plus points for the bears out there is the kumo support is very thin and I won’t be surprised if it just bounce off the kumo before heading down.

A break from the Weekly kumo will the next target price around $87

By iam802

Trend trading with Ichimoku