December U.S. T-Bond futures a buying opportunity on more price strength.

See on the daily bar chart for December U.S. Treasury bond futures that prices have made a decent rebound from the contract low scored in early September. Prices Wednesday hit a fresh six-week high. See, too, that the shorter-term moving averages I follow (9- and 18-day) have just produced a bullish line crossover signal and both lines are now trending higher. A close above chart resistance at Wednesday’s high of 133 11/32 would provide the bulls with better upside technical momentum and it would also become a buying opportunity. The upside price objective would be 137 even, or above. Technical support, for which to place a protective sell stop just below, is located at 131 27/32.

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