June U.S. Treasury note futures a buying opportunity on more price strength.
See on the daily bar chart for June U.S. T-Note futures that prices have rallied from the recent low on safe-haven demand. I look for more safe-haven demand to roll into U.S. Treasuries in the near term. The T-Note bulls would gain better upside near-term technical momentum by pushing prices above chart resistance at 131.16.0. That would also become a fresh buying opportunity. The upside price objective would be 132.16.0, or above. Technical support, for which to place a protective sell stop just below, is located at last week’s low of 131.02.5.
