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

Price Action

• Last: 123.74,
• 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 126.98,
• 5. Levels R: 168.12, 168.02, 167.58, 165.98, 162.12,
• 6. Levels S: 123.74.

Weekly Benchmarks

• (Short-Term) 5 Day: 125.41 Down Trend,
• (Short-Term) 10 Day: 125.36 Down Trend,
• (Intermediate-Term) 20 Day: 126.36 Down Trend,
• (Intermediate-Term) 55 Day: 127.37 Down Trend,
• (Long-Term) 100 Day: 128.91 Down Trend,
• (Long-Term) 200 Day: 131.11 Down Trend.

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

Key Insights Summary

The weekly structure remains in a broader downtrend, with price sitting near the lower edge of the 2026 NTZ and printing a fresh pivot low at 123.74. Short-term WSFG has flipped positive and recent long signals have appeared, which fits a reactive bounce phase after a sharp selloff. However, the monthly and yearly grids remain below F0%, and all benchmark moving averages are still aligned lower, keeping the intermediate and long-term structure bearish. The chart shows repeated lower highs and lower lows, with price compressing under declining averages and testing the lower boundary of the yearly range, so the dominant theme is a counter-trend rebound inside a larger downtrend.