ZB U.S. Treasury Bond Futures Daily Chart Analysis: 2025-Oct-23 07:23 CT

Price Action

• Last: 119’20,
• Bars: Medium,
• Mom: Momentum fast.

WSFG Weekly

• Short-Term
• WSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• WSFG Trend: Neutral.

MSFG Month Oct

• Intermediate-Term
• MSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• MSFG Trend: Neutral.

YSFG Year 2025

• Long-Term
• YSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• YSFG Trend: Neutral.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt High 119.09375,
• 4. Pvt. Next: Pvt Low 115.78125,
• 5. Levels R: 119.09375, 117.78125,
• 6. Levels S: 115.75000, 113.03125, 110.96875.

Daily Benchmarks

• (Short-Term) 5 Day: 117.50781 Up Trend,
• (Short-Term) 10 Day: 116.49238 Up Trend,
• (Intermediate-Term) 20 Day: 114.85791 Up Trend,
• (Intermediate-Term) 55 Day: 114.57812 Up Trend,
• (Long-Term) 100 Day: 114.85791 Up Trend,
• (Long-Term) 200 Day: 114.57812 Up Trend.

Additional Metrics

• ATR: 35,
• VOLMA: 450837.

Overall Rating

• Short-Term: Bullish,
• Intermediate-Term: Bullish,
• Long-Term: Bullish.

Key Insights Summary

The ZB U.S. Treasury Bond Futures daily chart is showing a strong bullish structure across all timeframes. Price action is characterized by medium-sized bars and fast momentum, indicating active participation and a decisive move higher. The swing pivot structure confirms an uptrend in both short- and intermediate-term views, with the most recent pivot high at 119.09375 acting as resistance and multiple support levels below, the nearest being 115.75. All benchmark moving averages (from 5-day to 200-day) are trending upward, reinforcing the bullish bias and suggesting that the recent rally is supported by both short-term and long-term participants. The ATR and volume metrics indicate healthy volatility and participation, but not excessive froth. The market has broken out from a prior consolidation phase, forming higher highs and higher lows, and is currently testing resistance near the recent swing high. There is no clear sign of reversal or exhaustion, and the overall technical environment remains constructive for the bulls, with the trend intact and no major counter-trend signals present.