December Treasury note (ZNZ25) futures show selling opportunity with price weakness in a downtrend. MACD indicator is bearish. Sticky U.S. inflation and concerns over budget deficit keep bond yields high. A move below chart support at 112.06.0 could lead to selling opportunity with downside target at 110.00.0. Resistance at 113.00.0.

Trading commodity futures is complex and risky. CFTC warns investors to consider financial experience, goals, and resources before investing. Understand risk disclosure documents from brokers. Jim Wyckoff does not hold positions in securities mentioned. Information in the article is for informational purposes only.

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