September U.S. T-Note (ZNU26) futures present a selling opportunity on more price weakness.
See on the daily bar chart for September U.S. Treasury note futures that prices are trending down and have just hit a two-month low. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator is also in a bearish posture, as the blue MACD line is below the red trigger line and both lines are trending down. The T-Note bears have the near-term technical advantage.
