March U.S. T-Bond futures a selling opportunity on more price weakness.
See on the daily bar chart for March U.S. Treasury bond futures that prices are in a downtrend. See, too, that the shorter-term moving averages I follow (9- and 18-day) are in a bearish mode as the 9-day is below the 18-day moving average, and both lines are trending lower. A move below chart support at 130 16/32 would provide the bears with some better downside momentum and it would also become a selling opportunity. The downside price objective would be 128 16/32, or below. Technical resistance, for which to place a protective buy stop just above, is located at 131 16/32.
