U.S. Treasury bond futures show a buying opportunity with recent price strength, hitting a four-month high and breaking out of a choppy trading range. The market now anticipates at least 0.75% interest rate cuts by the Federal Reserve by year-end, boosting U.S. Treasury prices.

A move above resistance at 116 21/32 would present a buying opportunity in December T-Bonds, with an upside price target of 121 even. Technical support is at 114 28/32, making it a critical level to watch for protection.

Futures trading is a volatile and risky business, as noted by the Commodity Futures Trading Commission (CFTC). It’s crucial to assess your financial experience, goals, and resources before investing in futures or options contracts to manage risk effectively. Jim Wyckoff does not hold positions in mentioned securities.

Read more at Yahoo Finance: How to Trade T-Bond Futures Now Ahead of Fed Rate Cuts