December U.S. Treasury bond futures a buying opportunity on more price strength.

See on the daily bar chart for December U.S. T-Bond futures that prices are in a six-week-old uptrend and have just hit a fresh four-month high. See, too, that the very short-term moving averages I follow are in a bullish posture as the 4-day has crossed above the 9-day moving average. The bulls have gained good upside near-term technical momentum, and would gain more by pushing prices above chart resistance at Wednesday’s high of 135 13/32. That would also become a buying opportunity. The upside price objective would be 138 even, or above. Technical support, for which to place a protective sell stop just below, is located at 133 29/32.

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