December U.S. T-bond Futures a Buying Opportunity on More Price Strength
See on the daily bar chart for December T-Bonds that prices have rebounded from the recent low, to give the bulls some upside momentum. See, too, at the bottom of the chart that the Moving Average Convergence Divergence (MACD) indicator is poised to produce a bullish line crossover signal, whereby the thick blue MACD line crosses above the thin red trigger line. A move in prices above this week’s high of 137 18/32 would give the bulls better upside momentum and it would also become a buying opportunity. The upside price objective would be 141 even, or above. Technical support, for which to place a protective sell stop just below, is located at 136 even.
