March U.S. T-Note futures a selling opportunity more price weakness
See on the daily bar chart for the March U.S. Treasury note futures that prices are in a five-week-old downtrend and last week hit an 11-week low. The bears still have the near-term technical advantage. A move below chart support at Monday’s low of 124.12.5 would become a selling opportunity. The downside price objective would be 122.16.0, or below. Technical resistance, for which to place a protective buy stop just above, is located at 125.08.0.
