The bonds daily chart is popping out of an ascending triangle. In our books this is seen as being quite bullish. If we take out the buy stops sitting higher, we are likely to see 1.34 and 1.35 levels coming for bonds.
The ascending triangle has been building for a few weeks now and this ascending triangle almost looks textbook. There is a treasuries announcement on the market next week and we will be waiting to see what happens there and will update the bonds chart then.
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