March U.S. T-Bond futures a selling opportunity on price weakness.
See on the daily bar chart for March U.S. Treasury bond futures that prices are in a downtrend and hovering near the contract low. Bears are in firm near-term technical control. A move below technical support at the contract low of 128 1/32 would become a selling opportunity. The downside price objective would be 125 even, or below. Technical resistance, for which to place a protective buy stop just above, is located at 129 16/32.
