September U.S. Treasury note futures a selling opportunity on more price weakness.
See on the daily bar chart for September U.S. Treasury note futures that prices are in a solid downtrend and this week have hit another contract low. The T-note bears remain in firm technical command and the path of least resistance for prices remains sideways to lower. There are no early technical clues to suggest a market bottom is close at hand. A move below chart support at 125.00.0 would become a fresh selling opportunity. The downside price objective would be 122.00.0, or below. Technical resistance, for which to place a protective buy stop just above, is located at 126.16.0.
