December U.S. Treasury Bond futures have seen a boost from some bullish U.S. economic data this week, including an FOMC meeting whose results were also deemed friendly for Treasuries. Bulls again have the near-term technical advantage.
click on the chart to enlarge
See on the daily bar chart that December T-Bonds on Thursday hit a fresh two-week high. See, too, that once Bond prices did dip down close to the lower band of the Bollinger Bands indicator, that was an early clue that a market rebound was coming. See the solid support and resistance levels on the chart.
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