The ZB U.S. Treasury Bond Futures weekly chart shows a market in transition. Price action has shifted to an average momentum with medium-sized bars, indicating a steady but not explosive move. Both the short-term and intermediate-term swing pivot trends have turned upward, supported by a series of higher lows and a recent pivot high at 118.80625. The price is currently above the 5, 10, and 20-week moving averages, all of which are trending up, reinforcing the bullish tone in the short and intermediate timeframes. However, the longer-term 55, 100, and 200-week moving averages remain in a downtrend, highlighting that the broader bearish structure is still intact. The price is consolidating above the NTZ (neutral zone) and F0% levels, with resistance levels at 121.125 and 127.03125 overhead, and support at 114.46875 and 109.3125 below. The market appears to be in a recovery phase, possibly forming a base after a prolonged decline, with the potential for further upside if resistance levels are breached. However, the long-term trend remains bearish, suggesting that rallies may encounter significant overhead supply. The overall environment is one of cautious optimism in the short to intermediate term, with the need to monitor for signs of trend continuation or reversal as price approaches key resistance zones.