December U.S. T-Bond (ZBZ25) futures are presenting a buying opportunity as prices trend higher, reaching a 6.5-month high. The MACD indicator is bullish, suggesting more upside potential. The U.S. economy’s weakness may lead to a likely 0.5% interest rate cut by the Federal Reserve, benefiting U.S. Treasury prices. A move above resistance at 118 25/32 could signal a buying opportunity with an upside target of 125. Technical support is at 116 even. It is important to note that futures trading is volatile and risky, requiring careful consideration of financial resources and risk exposure. Jim Wyckoff does not hold any positions in the securities mentioned.

Read more at Yahoo Finance: The Fed Could Cut Rates Another 0.5%. Make This 1 Trade First.