March U.S. Treasury bond futures a buying opportunity on more price strength.
See on the daily bar chart for March U.S. T-bond futures that prices have made a decent recovery from the October low and an uptrend line is in place. The bond market bulls have gained some fresh upside near-term technical momentum recently and would gain more by pushing prices above chart resistance at Monday’s high of 148 2/32. That would also become a buying opportunity in March U.S. T-Bonds. The upside price objective would be 152 even, or above. Technical support, for which to place a protective sell stop just below, is located at 146 8/32.
