September U.S. Treasury bond futures a selling opportunity on more price weakness.
See on the daily bar chart for the September U.S. Treasury bond futures that prices are in a solid downtrend and hovering just above the recent contract low. The bears are in firm near-term technical command. A move in prices below the contract low of 138 30/32 would provide the bond market bears with fresh downside technical momentum and it would also become a fresh selling opportunity. The downside price objective would be 134 even, or below. Technical resistance, for which to place a protective buy stop just above, is located at 141 14/32.
