ZB U.S. Treasury Bond Futures Daily Chart Analysis: 2026-Feb-20 07:21 CT

Price Action

• Last: 117'28,
• Bars: Large,
• Mom: Momentum fast.

WSFG Weekly

• Short-Term
• WSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• WSFG Trend: Neutral.

MSFG Month Feb

• Intermediate-Term
• MSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• MSFG Trend: Neutral.

YSFG Year 2026

• Long-Term
• YSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• YSFG Trend: Neutral.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt High 118'37.00,
• 4. Pvt. Next: Pvt Low 116'05.25,
• 5. Levels R: 118'37.00, 118'21.87, 118'16.50, 118'12.75, 118'03.25, 117'28.00,
• 6. Levels S: 116'05.25, 115'87.50, 115'93.75, 115'88.75, 114'94.03, 114'21.87, 113'87.50.

Daily Benchmarks

• (Short-Term) 5 Day: 117'65.62 Up Trend,
• (Short-Term) 10 Day: 116'88.75 Up Trend,
• (Intermediate-Term) 20 Day: 115'98.21 Up Trend,
• (Intermediate-Term) 55 Day: 116'34.37 Down Trend,
• (Long-Term) 100 Day: 116'34.37 Down Trend,
• (Long-Term) 200 Day: 114'94.03 Up Trend.

Additional Metrics

• ATR: 35,
• VOLMA: 450837.

Overall Rating

• Short-Term: Bullish,
• Intermediate-Term: Bullish,
• Long-Term: Neutral.

Key Insights Summary

The ZB U.S. Treasury Bond Futures daily chart currently reflects a strong bullish momentum in the short and intermediate term, as evidenced by large, fast-moving bars and a clear uptrend in both the swing pivot and moving average metrics. The most recent swing pivot is a high at 118'37.00, with the next potential pivot low at 116'05.25, suggesting the market is in an upward extension phase but could be approaching a resistance cluster. Multiple resistance levels are stacked above the current price, while support is well-defined below, indicating a structured market environment. The 5, 10, and 20-day moving averages are all trending upward, reinforcing the bullish bias, while the 55 and 100-day averages remain in a downtrend, highlighting that the longer-term trend has not yet fully reversed. The 200-day moving average is now in an uptrend, which may signal a shift if sustained. Volatility, as measured by ATR, is elevated, and volume remains robust, supporting the recent price action. Overall, the market is in a bullish swing phase with potential for further upside, but longer-term participants may still view the environment as neutral until more confirmation of a sustained trend reversal is seen.