ZB U.S. Treasury Bond Futures Daily Chart Analysis: 2026-May-04 07:09 CT

Price Action

• Last: 114.35,
• Bars: Large,
• Mom: Fast.

WSFG Weekly

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

MSFG Month May

• 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: DTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt Low 112.34375,
• 4. Pvt. Next: Pvt High 114.03125,
• 5. Levels R: 145.81250, 133.81250, 132.37500, 128.56250, 127.87500,
• 6. Levels S: 112.34375, 111.71875, 110.18750, 108.53125, 107.00000, 106.00000.

Daily Benchmarks

• (Short-Term) 5 Day: 113.15625 Down Trend,
• (Short-Term) 10 Day: 113.65625 Down Trend,
• (Intermediate-Term) 20 Day: 113.87500 Down Trend,
• (Intermediate-Term) 55 Day: 114.34375 Down Trend,
• (Long-Term) 100 Day: 114.93750 Down Trend,
• (Long-Term) 200 Day: 115.18750 Up Trend.

Additional Metrics

• ATR: 35,
• VOLMA: 450837.

Overall Rating

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

Key Insights Summary

Price is trading below the 5, 10, 20, 55, and 100-day benchmarks, with the daily swing structure still in DTrend and HiLo trend also pointed lower, which keeps the near-term and intermediate-term tone soft. The rebound from the early-April low formed a counter-trend recovery, but the market has rolled back into a lower-high pattern and is now sitting under the 20/55-day zone with the 200-day benchmark still acting as the broader reference line. The current profile looks like a corrective bounce inside a larger decline, with recent candles showing rejection near overhead pivot resistance and repeated tests around the 112.34 to 111.72 support band. Volume has normalized after the larger March swing, while ATR remains elevated enough to reflect active two-way daily movement rather than a clean trend consolidation. Overall, the chart reflects a bearish swing backdrop in the short and intermediate horizons, with long-term structure still mixed because the 200-day benchmark has flattened relative to the recent selloff.