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Barchart
Barchart
Jim Wyckoff

As Powell Lowers December Rate Cut Odds, Make This 1 Trade Now

March U.S. T-Bond (ZBH26) futures present a selling opportunity on more price weakness.

See on the daily bar chart for March U.S. Treasury bond futures that prices are trending down and have this week hit a four-week low. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator is in a bearish posture, as the red MACD line is below the blue trigger line and both lines are tending down. The bears have gained technical power recently.

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