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

Price Action

• Last: 114.06250,
• Bars: Medium,
• Mom: slow.

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 109.50000,
• 4. Pvt. Next: Pvt High 114.06250,
• 5. Levels R: 176.81250, 164.84375, 159.25000, 145.81250, 133.81250,
• 6. Levels S: 109.50000, 108.53125, 106.00000.

Weekly Benchmarks

• (Short-Term) 5 Day: 113.18750 Down Trend,
• (Short-Term) 10 Day: 113.15625 Down Trend,
• (Intermediate-Term) 20 Day: 114.53125 Down Trend,
• (Intermediate-Term) 55 Day: 114.78125 Down Trend,
• (Long-Term) 100 Day: 115.53125 Down Trend,
• (Long-Term) 200 Day: 119.53125 Down Trend.

Overall Rating

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

Key Insights Summary

The weekly structure remains aligned with a broader downtrend, with price sitting below the key benchmark moving averages and the swing pivot model still marked DTrend. The current 2026 session sits near the lower portion of its fib zone, reflecting a neutral-to-soft positioning inside a larger bearish backdrop rather than a clean upside breakout. The pivot map shows price repeatedly failing to sustain rallies into overhead resistance, with notable rejection points clustered near the 118.68750 to 120.34375 area and deeper overhead reference levels extending higher. On the support side, the market is holding above the 2026 pivot low area around 109.50000 for now, with the 108.53125 and 106.00000 levels serving as the next structured downside references. Benchmarks across 5, 10, 20, 55, 100, and 200-day levels all slope lower, confirming weak trend alignment and limited intermediate-term recovery strength. The broader read is a bearish consolidation-to-downtrend environment with lower highs dominating the swing profile and only intermittent countertrend rallies.