See on the daily bar chart that December T-Bonds have made a solid recovery from the September low as the bulls have gained fresh upside near-term technical momentum recently. However, there is still overhead downtrend line resistance at last week’s high. A price move above last week’s high of 150 9/32 would negate the downtrend line and would provide the bulls with better upside near-term technical momentum. It would also become a fresh buying opportunity. The upside price objective would be 155 even, or above. Technical support, for which to place a protective sell stop just below, is located at 148 even.
