The UB Ultra U.S. Treasury Bond Futures daily chart shows a recent shift in short-term momentum, with price action rebounding from support and establishing an uptrend in the short-term swing pivot structure. The last price is trading just below a recent swing high, with medium-sized bars and average momentum, indicating a measured but constructive advance. The Weekly Session Fib Grid (WSFG) trend remains down, with price below the NTZ, suggesting some residual short-term resistance, but the Monthly Session Fib Grid (MSFG) is trending up, with price above the NTZ, supporting an intermediate-term bullish bias. The swing pivot summary confirms a short-term uptrend, while the intermediate-term trend is neutral, reflecting a market in transition. Key resistance levels are clustered above, with 118.9025 and 119.25 as near-term hurdles, while support is well-defined at 116.0 and 114.6875. Moving averages show short-term and 20-day trends turning up, but longer-term averages (55, 100, 200-day) remain in downtrends, highlighting a potential inflection zone. Recent trade signals have flipped to long, aligning with the short- and intermediate-term bullish structure. Volatility (ATR) is moderate, and volume is steady. Overall, the market is showing signs of a short-term and intermediate-term recovery, but longer-term direction remains unresolved, with the potential for further consolidation or a test of overhead resistance.