The ZB U.S. Treasury Bond Futures daily chart currently reflects a market in transition. Price action is consolidating near the lower end of the recent range, with medium-sized bars and slow momentum, indicating a lack of strong directional conviction. The short-term swing pivot trend has shifted to a downtrend, with the most recent pivot low at 116’03 acting as immediate support, while resistance is defined by the recent pivot high at 118’31. Short-term moving averages (5 and 10 day) are trending down, reinforcing the bearish tone in the near term, while intermediate and long-term benchmarks (55, 100, 200 day) remain in uptrends, suggesting underlying bullish structure is still intact. The intermediate-term (monthly) and long-term (yearly) session fib grids are neutral, with price oscillating within the NTZ (neutral zone), and no clear breakout or breakdown from these key levels. ATR and volume metrics indicate moderate volatility and participation, with no significant spikes. The overall technical landscape points to a short-term bearish bias, but with intermediate and long-term trends still supportive of higher prices. The market appears to be in a corrective phase within a broader uptrend, with potential for further consolidation or a test of support before any sustained directional move. Swing traders should note the key resistance and support levels for potential inflection points as the market digests recent moves and awaits new catalysts.