The ZB U.S. Treasury Bond Futures daily chart is showing a constructive technical structure from a swing trader’s perspective. Price action is currently in the upper range, with medium-sized bars and average momentum, indicating a steady but not aggressive move. Both the short-term and intermediate-term swing pivot trends are in an uptrend, with the most recent pivot high at 117'24 and the next key support at 115'75. Resistance is clearly defined at 117'24 and 118'66, while support levels are layered below, suggesting a well-structured market with clear reference points for potential reversals or continuations. All short- and intermediate-term moving averages (5, 10, 20, 55, and 100 day) are trending upward, reinforcing the bullish bias in these timeframes. The 200-day moving average, however, remains in a downtrend, which tempers the long-term outlook and suggests that the broader trend has not fully shifted to bullish territory yet. ATR and volume metrics indicate moderate volatility and healthy participation, supporting the current trend structure. The market appears to be in a consolidation phase near recent highs, with no clear breakout or breakdown, and the neutral readings on the session fib grids (weekly, monthly, yearly) further support a balanced, non-extreme environment. Overall, the technicals favor a bullish stance in the short- and intermediate-term, with the long-term trend still neutral as the market digests recent gains. The chart structure suggests the potential for further upside if resistance levels are breached, but also highlights well-defined support zones should a pullback occur. No strong directional signals from the session fib grids or COT data are present, indicating a market in equilibrium awaiting a new catalyst.