June U.S. Treasury note (ZNM26) futures present a selling opportunity on more price weakness.
See on the daily bar chart for June U.S. T-Note futures that prices are trending lower and this week hit a contract low. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator is 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 firm near-term technical advantage.
