The ZB U.S. Treasury Bond Futures weekly chart shows a market in transition. Price action is currently in a medium range with average momentum, suggesting neither strong buying nor selling pressure dominates. The short-term trend is neutral, as indicated by the WSFG and the most recent swing pivot, which is a developing downtrend but with price consolidating near resistance. Intermediate-term signals are more constructive, with the HiLo trend up and both the 5- and 10-week moving averages trending higher, reflecting a recent recovery from prior lows. However, the long-term outlook remains bearish, as the 55-, 100-, and 200-week moving averages are all in downtrends and well above current price, highlighting persistent overhead resistance. Key resistance levels are clustered between 121 and 146, while support is established at 109 and 106. The market appears to be in a broad consolidation phase, with potential for further range-bound action unless a breakout above major resistance or a breakdown below support occurs. This environment reflects ongoing uncertainty, likely influenced by macroeconomic factors and shifting rate expectations, with swing traders watching for confirmation of either a sustained reversal or a continuation of the broader downtrend.