March U.S. Treasury note (ZNH26) futures show a selling opportunity due to price weakness. Prices are trending lower, hitting a more-than-three-month low last week. The moving average convergence divergence (MACD) indicator is bearish, with the blue line below the red trigger line.
The U.S. economic situation is mixed, and the Federal Reserve may not lower interest rates due to sticky inflation, bearish for Treasury prices. A move below support at 112.03.5 in March U.S. T-Note futures could lead to selling opportunities with a downside target of 110.00.0.
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Read more at Yahoo Finance: Sticky Inflation Creates 1 Key Trading Opportunity Right Now
