
The ZB U.S. Treasury Bond Futures weekly chart shows a market in transition, with price currently at 121.3625 and trading within a medium-range bar structure. Momentum is average, indicating neither strong buying nor selling pressure at this time. The short-term trend is neutral, as reflected by the WSFG and swing pivot trend, suggesting a period of consolidation or indecision. Intermediate-term signals are more constructive, with both the HiLo trend and all key moving averages (5, 10, 20, 55 week) in uptrends, pointing to underlying strength and a potential for further upside if resistance levels are overcome. However, the long-term picture remains neutral, with the 100 and 200 week moving averages still in downtrends, highlighting that the broader bearish structure has not yet fully reversed. Key resistance levels are clustered above at 119.21875, 120.75000, 126.65625, and 134.4275, while support is found at 113.75000, 108.93750, and 106.40625. The market appears to be in a recovery phase, with higher lows forming but still facing significant overhead resistance. This environment is typical of a market attempting to transition from a bearish to a more neutral or bullish stance, with potential for volatility as it tests key levels.