Bonds Edge Higher

Bonds have continued their rally, with ZN piercing through the 117's to hit our target at 118'04. A brief retracement has taken us back to 117'19, which was a previous target. The Kovach OBV has steadily risen, but has since leveled off a bit, which could suggest we are due for a retracement or some ranging. We should have support at 116'20 if we retrace further. If we are able to breakout, then there is a vacuum zone to 119'01, which is our next target.