March U.S. T-Note futures a selling opportunity on more price weakness.
See on the daily bar chart for March Treasury note futures that prices are in solid downtrend and have just hit a nearly four-month low. The bears are in firm technical control and looking for more on the downside in the near term. A move in prices below chart support at last week’s low of 122.26.5 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 123.24.0.
