The ZB U.S. Treasury Bond Futures weekly chart shows a market in transition. Price action has shifted to an average momentum phase, with medium-sized bars reflecting a balanced but active environment. Both short-term and intermediate-term swing pivot trends have turned upward, supported by rising 5- and 10-week moving averages, indicating a bullish bias for swing traders in these timeframes. The 20-week moving average is also trending up, reinforcing this intermediate-term strength. However, the long-term picture remains bearish, as the 55-, 100-, and 200-week moving averages are all trending down, and price is still well below these benchmarks. Major resistance levels are clustered above, notably at 127.03, 140.59, and 146.59, while support is established at 109.31 and 106.78. The market is currently trading within a neutral zone on the yearly and monthly session fib grids, suggesting consolidation and a lack of clear directional conviction on the higher timeframes. Recent price action suggests a potential recovery or counter-trend rally, with higher lows forming and a test of overhead resistance underway. The environment is characterized by consolidation with a bullish tilt in the short and intermediate term, but the long-term downtrend and significant resistance overhead remain key factors. Swing traders should note the potential for further upside in the near term, but the broader trend context is still defined by long-term bearishness and the need for a sustained breakout above major resistance to shift the overall outlook.