ZB U.S. Treasury Bond Futures Daily Chart Analysis: 2026-May-21 07:09 CT

Price Action

• Last: 109'37.5,
• 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 109.50000,
• 4. Pvt. Next: Pvt High 111.37500,
• 5. Levels R: 145.81250, 133.81250, 132.37500, 128.56250, 127.87500,
• 6. Levels S: 109.50000, 108.53125, 108.00000.

Daily Benchmarks

• (Short-Term) 5 Day: 110.84375 Down Trend,
• (Short-Term) 10 Day: 111.8125 Down Trend,
• (Intermediate-Term) 20 Day: 112.53125 Down Trend,
• (Intermediate-Term) 55 Day: 113.4375 Down Trend,
• (Long-Term) 100 Day: 114.5625 Down Trend,
• (Long-Term) 200 Day: 115.125 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 remains under clear downside pressure, with price trading far below all benchmark moving averages and the pivot framework still aligned in DTrend across both short-term and intermediate-term readings. The latest selloff accelerated into a large-range move that pushed price into new lower territory after failing beneath the April/May consolidation band, leaving prior support zones and monthly fib areas as overhead reference levels. Momentum is strong on the downside, while the rebound attempt off the recent low has the look of a reactive bounce inside a broader downtrend rather than a completed reversal. The overall tape shows a sequence of lower highs, lower lows, and repeated rejection near the declining moving averages, keeping the broader swing profile negative across the daily horizon.