September U.S. Treasury note futures a selling opportunity on more price weakness.
See on the daily bar chart for the September U.S. T-note futures that prices are still in a solid downtrend and the bears still have the strong near-term technical advantage. A move below technical support at Monday’s low of 125.26.0 would provide the bears with some fresh downside near-term technical momentum and it would also 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 the July high of 127.02.5.
