ZB U.S. Treasury Bond Futures Daily Chart Analysis: 2026-May-12 07:08 CT

Price Action

Last: 112'20,
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: UTrend,
(Intermediate-Term) 2. HiLo Trend: DTrend,
3. Pvt. Evolve: Pvt High 114.12500,
4. Pvt. Next: Pvt Low 112.37500,
5. Levels R: 145.81250, 133.81250, 132.37500, 128.58250, 127.87500,
6. Levels S: 112.00000, 111.71875, 110.18750, 108.53125, 106.00000.

Daily Benchmarks

(Short-Term) 5 Day: 113.21875 Down Trend,
(Short-Term) 10 Day: 113.03125 Down Trend,
(Intermediate-Term) 20 Day: 113.62500 Down Trend,
(Intermediate-Term) 55 Day: 114.09375 Down Trend,
(Long-Term) 100 Day: 114.81250 Down Trend,
(Long-Term) 200 Day: 115.21875 Down Trend.

Additional Metrics

ATR: 35,
VOLMA: 450837.

Overall Rating

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

Key Insights Summary

Bond futures remain in a broad downtrend sequence after the sharp March peak and subsequent selloff, with price now trading below the clustered 20, 55, 100, and 200-day benchmarks. The short-term pivot structure is still in an active UTrend, but the intermediate HiLo structure stays DTrend, reflecting a market that has been producing lower highs on the larger swing frame while attempting intermittent rebounds. Current price is sitting near the lower part of the May consolidation zone and close to nearby support bands around 112'00 to 111'23, while overhead resistance remains layered across 113'10, 114'09, and 115'00. The ATR remains elevated enough to support wide daily swings, and volume has normalized from the March impulse phase, pointing to a market that is still digesting the prior breakdown rather than reversing it cleanly.