March U.S. Treasury note futures a selling opportunity on more price weakness.
See on the daily bar chart for March U.S. T-note futures that prices are in a solid downtrend and have just recently hit a 2.5-month low. The bears have gained good downside near-term technical momentum recently. A move below chart support at Wednesday’s low of 131.21.5 would become a fresh selling opportunity. The downside price objective would be 130.12.0, or below. Technical resistance, for which to place a protective buy stop just above, is located at 132.08.0.
