The ZB U.S. Treasury Bond Futures weekly chart shows a market in transition. Price action has shifted to an average momentum environment with medium-sized bars, indicating a move away from the extreme volatility seen in prior months. Both the short-term and intermediate-term swing pivot trends are up, supported by the 5, 10, and 20-week moving averages all trending higher. This suggests a constructive environment for swing traders on shorter timeframes, with the most recent pivot high at 119'59375 and the next key support at 115'59375. However, the long-term picture remains bearish, as the 55, 100, and 200-week moving averages are still in clear downtrends, and price remains well below these benchmarks. The market is currently trading within the yearly NTZ (neutral zone), with no clear directional bias from the session fib grids, reflecting a broader consolidation phase after a prolonged downtrend. Resistance levels are stacked above, with significant hurdles at 121'12500, 127'03125, and higher, while support is found at 109'31250 and 106'78125. The overall structure suggests the market is attempting a recovery or counter-trend rally within a larger bearish context. Swing traders may find opportunities in this environment, but the long-term downtrend and overhead resistance levels warrant close monitoring for signs of exhaustion or reversal. The current setup is characterized by consolidation, potential for further upside retracement, but with the long-term trend still acting as a headwind.