June U.S. T-Note futures a selling opportunity on more price weakness.
See on the daily bar chart for June U.S. Treasury note futures that prices are in a solid downtrend. The recent increase in investor risk appetite in the market place has been a major bearish fundamental for bonds and notes, and such is likely to continue to be the case for at least the near term. A move below chart support at this week’s low of 129.27.5 would become a fresh selling opportunity. The downside price objective would be 128.00.0 or below. Technical resistance, for which to place a protective buy stop just above, is located at 130.20.0.
