FGBL Euro-Bund Futures Daily Chart Analysis: 2026-May-20 07:03 CT

Price Action

• Last: 123.93,
• Bars: Large,
• Mom: Fast.

WSFG Weekly

• Short-Term
• WSFG Current: 18%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month May

• Intermediate-Term
• MSFG Current: -44%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: -18%
• F0%/NTZ' Bias: Price Below,
• YSFG Trend: Down.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt Low 123.74,
• 4. Pvt. Next: Pvt High 125.00,
• 5. Levels R: 138.10, 137.47, 135.06, 134.32, 130.87,
• 6. Levels S: 123.74.

Daily Benchmarks

• (Short-Term) 5 Day: 124.46 Down Trend,
• (Short-Term) 10 Day: 124.96 Down Trend,
• (Intermediate-Term) 20 Day: 125.14 Down Trend,
• (Intermediate-Term) 55 Day: 125.68 Down Trend,
• (Long-Term) 100 Day: 126.42 Down Trend,
• (Long-Term) 200 Day: 127.19 Down Trend.

Additional Metrics

• ATR: 65,
• VOLMA: 1114077.

Recent Trade Signals

• 19 May 2026: Long FGBL 06-26 @ 124.16 Signals.USAR-WSFG
• 18 May 2026: Long FGBL 06-26 @ 124.32 Signals.USAR.TR120
• 15 May 2026: Short FGBL 06-26 @ 124.72 Signals.USAR-MSFG

Overall Rating

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

Key Insights Summary

The daily structure is aligned to the downside across the benchmark stack, with price trading below the 5, 10, 20, 55, 100, and 200 day averages and the swing pivot state still in DTrend. The latest price action shows a sharp impulse lower from the early May recovery attempt, followed by continuation weakness into the 123.74 swing-low area, which now acts as the key downside pivot reference. Weekly session bias remains positive while the monthly and yearly session grids stay negative, creating a mixed higher-timeframe backdrop, but the dominant daily pattern is a bearish retracement failure and continuation lower with fast downside momentum.