September U.S. Treasury bond futures (ZBU25) present a selling opportunity on more price weakness.
See on the daily bar chart for September U.S. Treasury bond futures that prices are trending down and Thursday hit a contract 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 red MACD line is below the blue trigger line and both are trending down. The bears have the solid near-term technical advantage.
