September U.S. Treasury note futures a selling opportunity on more price weakness.

See on the daily bar chart for September U.S. Treasury note futures that prices are in a strong four-week-old downtrend and have just hit a contract low. The bears have solid downside momentum and would gain more technical power by pushing prices below chart support at Wednesday’s low of 128.19.5 (32nds). That would also become a fresh selling opportunity. The downside price objective would be 126.16.0, or below. Technical resistance, for which to place a protective buy stop just above, is located at 129.16.0.

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