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 are in an uptrend and last Friday hit a contract high. The bulls are in firm near-term technical command. A move above chart resistance at this week’s high of 138 4/32 would become a buying opportunity. The upside price objective would be 140 8/32 or above. Technical support, for which to place a protective sell stop just below, is located at 137 even.
