The long bond price has been quietly moving up.

It not only moved back into its previous 2 month consolidation range, also it broke its short-term downtrend channel.

It is likely for bond price to move up further. The first fast momentum indicator gave an early buying signal above 90.50 level.

As long as the 90.50 level holds up this week, the price is likely to go for the 94 target in the coming days.

TLT Daily chart