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 119.59375. 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, and price is still below these key resistance levels, suggesting that the broader trend is still bearish. The market is consolidating within the yearly NTZ, with no clear breakout above major resistance or below key support. This environment is typical of a market attempting a recovery or forming a base after a prolonged decline, but still facing significant overhead resistance. Swing traders should note the potential for continued upward retracement in the short to intermediate term, but the long-term trend remains a headwind. The chart reflects a market in a corrective phase, with the potential for further rallies, but not yet a confirmed long-term reversal.