December U.S. Treasury note futures a selling opportunity on fresh price weakness.
See on the daily bar chart for December U.S. T-Note futures that prices are in a downtrend and last Friday hit a contract low. The bears are still in technical command. A move in prices below chart support at Monday’s low of 123.17.5 would become a selling opportunity. The downside price objective would be 121.00.0 or below. Technical resistance, for which to place a protective buy stop just above, is located at 124.16.0.
