September U.S. T-Note futures a selling opportunity on more price weakness.
See on the daily bar chart for the September U.S. Treasury note futures that prices are in a six-week-old downtrend and on Tuesday hit a fresh contract low. The bears are in firm near-term technical control. A move below chart support at 128.00.0 would become a fresh selling opportunity. The downside price objective would be 126.00.0, or below. Technical resistance, for which to place a protective buy stop just above, is located at 129.00.0.
