The December U.S. Treasury bond futures are showing a buying opportunity with prices trending up and hitting a four-week high. The MACD indicator is in a bullish posture, signaling potential gains. The U.S. jobs report has shifted market sentiment, with a 75% chance of the Federal Reserve lowering interest rates in September, boosting Treasury futures prices.

If December T-Bond futures prices move above resistance at 115 23/32, it could signal a buying opportunity with an upside price target of 121 or higher. Technical support is at 113 16/32. It is important to note that trading futures and options is complex and risky, requiring consideration of financial experience and risk tolerance.

Jim Wyckoff, the author, does not hold positions in the securities mentioned. The information provided is for informational purposes only. The Commodity Futures Trading Commission emphasizes the volatility and risks associated with futures trading. It is crucial to understand your financial goals, resources, and obligations before engaging in futures trading.

Read more at Yahoo Finance: Fed Rate Cut Speculation Is Building a Buy Case for T-Bond Futures Here