ZB U.S. Treasury Bond Futures Weekly Chart Analysis: 2026-May-21 07:10 CT

Price Action

Last: 108.50,
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: Neutral,
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, 108.00000, 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 in a mature downtrend with price pressing near the lower end of the multi-year range and sitting well below every benchmark moving average, confirming persistent downside control across short, intermediate, and long horizons. The latest swing profile shows DTrend with the next pivot pointing to a higher swing high above current price, but the broader pattern still reflects lower highs and lower lows, with prior reaction zones above acting as overhead resistance. Price action is heavy and fast, suggesting momentum remains aligned with the bearish trend rather than a basing process. The 2026 yearly session area is still inside a neutral fib zone, but that neutrality has not translated into upward follow-through. Overall, the chart looks like a bearish trend continuation with periodic countertrend rebounds failing beneath clustered moving-average resistance.