Though I don’t see an absolutely clear reversal pattern, the major (long-term) trend of the US 10-year T-note (ZN) looks to be in the process of turning up. After posting a new low of 125-175 during February the ZN was able to rally to a close of 127-145, still down 0-165 for the month. Monthly stochastics are showing a series of bullish crossovers below the oversold level of 20%, signals the major trend could soon turn up. If one jumps in to buy 10-year futures, on the idea US Treasuries will be viewed as a safe-haven market and not influenced by expected interest rate increases, then sell stops would be placed below February’s low.