ZB U.S. Treasury Bond Futures Daily Chart Analysis: 2026-May-20 07:08 CT

Price Action

• Last: 109.5000,
• 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 109.5000,
• 4. Pvt. Next: Pvt High 111.3750,
• 5. Levels R: 145.81250, 133.81250, 132.37500, 128.58250, 127.87500,
• 6. Levels S: 109.50000, 108.53125, 108.00000.

Daily Benchmarks

• (Short-Term) 5 Day: 111.0625 Down Trend,
• (Short-Term) 10 Day: 112.09375 Down Trend,
• (Intermediate-Term) 20 Day: 112.6875 Down Trend,
• (Intermediate-Term) 55 Day: 113.53125 Down Trend,
• (Long-Term) 100 Day: 114.59375 Down Trend,
• (Long-Term) 200 Day: 115.15625 Down Trend.

Additional Metrics

• ATR: 35,
• VOLMA: 450837.

Overall Rating

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

Key Insights Summary

The daily structure shows a pronounced downside swing with fast momentum and a large-bar selloff into the far right edge of the chart. Price is trading well below all benchmark moving averages, and the moving-average stack is broadly bearish across short, intermediate, and long horizons. Swing pivot structure is also bearish, with the current pivot trend in DTrend and the latest pivot evolution pointing to a confirmed lower-low sequence. The right-side pivot levels show nearby support clustered around 109.5000, 108.53125, and 108.00000, while overhead resistance remains layered above the market and continues to define a lower-high supply zone. Volume remains active relative to recent history, and ATR is elevated, matching the expanded daily range and the sharp trend continuation behavior seen after the recent breakdown.