September U.S. T-Bond futures show selling opportunity as prices trend lower, hitting a four-week low. MACD indicator is bearish, with bearish line crossover signal. U.S. economy is strong, limiting Fed’s ability to lower interest rates. Rising trade tariff threats add to worries of inflation.
Prices below chart support at 112 16/32 present selling opportunity with downside objective at 108. Technical resistance at 114 16/32. CFTC warns futures trading is volatile, complex, and risky. Investors should consider financial experience, goals, and risk tolerance. Jim Wyckoff does not hold positions mentioned.
Read more at Yahoo Finance: Treasury Bonds Just Hit 4-Week Lows. How Much Lower Can They Go?