The ZB U.S. Treasury Bond Futures daily chart currently reflects a market in transition. Price action is consolidating after a recent swing low, with medium-sized bars and slow momentum indicating a lack of strong directional conviction. The short-term trend, as indicated by swing pivots and moving averages, is bearish, with price trading below the 5, 10, and 20-day moving averages, all of which are trending down. However, intermediate and long-term moving averages (55, 100, and 200-day) remain in uptrends, suggesting underlying support and a potential for longer-term bullishness. Swing pivot analysis shows a short-term downtrend (DTrend) but an intermediate-term uptrend (UTrend), highlighting a possible counter-trend pullback within a broader recovery phase. Key resistance is at 119.59375 and 117.75000, while support levels are well-defined at 115.75000, 113.03125, and 110.96875. The ATR and volume metrics suggest moderate volatility and steady participation. Overall, the market is in a corrective phase, with short-term weakness but intermediate and long-term structural support. This environment is typical of a market digesting recent gains, possibly setting up for a new directional move as it tests key support and resistance levels. The neutral readings on the session fib grids reinforce the current consolidation and indecision, with no clear breakout or breakdown yet established.