March U.S. T-Bond futures show a selling opportunity as prices trend lower, hitting a three-month low. MACD indicator is bearish, with blue line below red trigger line.

Market expects a “hawkish rate cut” from the Federal Reserve, delaying future cuts. Mixed U.S. economic data and inflation are key factors.

Breaking below support at 115 even would create a selling opportunity, with downside target of 111 even. Technical resistance at 116 20/32, with a protective buy stop above.

Trading futures is volatile and risky. Consider financial experience and resources before investing. Understand risks and obligations before entering into contracts. Be informed.

No positions held by Jim Wyckoff in securities mentioned. Article for informational purposes only. Originally published on Barchart.com.

Read more at Yahoo Finance: Make This 1 Trade Before a Likely Fed Rate Cut This Week