September T-Bond Futures a Selling Opportunity on More Price Weakness
See on the daily bar chart for September U.S. Treasury bond futures that prices sold off sharply last week and hit a two-month low. The bears have quickly gained downside near-term technical momentum. A move below chart support at last week’s low of 134 11/32 would be a selling opportunity. The downside price objective would be 130 16/32, or below. Technical resistance, for which to place a protective buy stop just above, is located at 136 even.
