ZB U.S. Treasury Bond Futures Daily Chart Analysis: 2026-May-18 07:08 CT

Price Action

Last: 110'20,
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: DTrend,
(Intermediate-Term) 2. HiLo Trend: DTrend,
3. Pvt. Evolve: Pvt low 110.15625,
4. Pvt. Next: Pvt high 112.03125,
5. Levels R: 119.18750, 115.81250, 113.81250, 112.37500, 111.87500,
6. Levels S: 110.15625, 109.28125, 108.53125, 108.00000, 106.50000.

Daily Benchmarks

(Short-Term) 5 Day: 112.09375 Down Trend,
(Short-Term) 10 Day: 112.56250 Down Trend,
(Intermediate-Term) 20 Day: 113.12500 Down Trend,
(Intermediate-Term) 55 Day: 113.78125 Down Trend,
(Long-Term) 100 Day: 114.68750 Down Trend,
(Long-Term) 200 Day: 115.18750 Down Trend.

Additional Metrics

ATR: 35,
VOLMA: 450837.

Overall Rating

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

Key Insights Summary

Price is in a pronounced downside swing with fast momentum, a large daily range, and the latest break extending below the prior pivot low area near 110.15625. The pivot structure remains aligned to a downside sequence, while the benchmark moving averages are stacked in a consistent bearish gradient and all slope lower, reinforcing a persistent trend day-to-trend swing deterioration. The monthly session grid for May is acting as a neutral-to-bearish reference after repeated rejections near the mid-113s and lower 114s, while the broader 2026 structure still reflects a larger distribution phase with lower highs and lower lows. Volume remains active, but the price action is trading well below the 20, 55, 100, and 200-day benchmarks, leaving the tape technically compressed on the downside and dominated by continuation behavior rather than reversal structure.