ZB U.S. Treasury Bond Futures Weekly Chart Analysis: 2026-May-06 07:08 CT

Price Action

Last: 119.78047,
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 111.71875,
4. Pvt. Next: Pvt High 115.71875,
5. Levels R: 176.81250, 164.84375, 159.25000, 145.81250, 133.81250,
6. Levels S: 111.71875, 108.53125, 106.00000.

Weekly Benchmarks

(Short-Term) 5 Day: 113.81250 Down Trend,
(Short-Term) 10 Day: 114.18750 Down Trend,
(Intermediate-Term) 20 Day: 114.81250 Down Trend,
(Intermediate-Term) 55 Day: 115.00000 Down Trend,
(Long-Term) 100 Day: 115.56250 Down Trend,
(Long-Term) 200 Day: 119.78125 Down Trend.

Overall Rating

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

Key Insights Summary

Weekly ZB is trading with a bearish swing structure, with the last price sitting below the key benchmark cluster and under the dominant longer-term averages. The pivot sequence remains in DTrend mode, and the intermediate HiLo structure is also DTrend, confirming that rallies are occurring inside a broader down-sloping framework rather than starting a sustained reversal. The 2026 yearly session profile is still neutral at the fib center, but price is positioned beneath the 200-day benchmark area, which keeps the long-term tone defensive. The recent weekly action shows a sharp drop from the prior swing high and a move back toward lower support bands, with the chart still characterized by lower highs, lower lows, and repeated tests of downside pivot supports. The larger pattern reads as a corrective bear market swing environment with volatility, failed rebound attempts, and consolidation near lower value zones.