ZB U.S. Treasury Bond Futures Weekly Chart Analysis: 2026-May-22 07:08 CT

Price Action

• Last: 108.53125,
• 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 108.53125,
• 4. Pvt. Next: Pvt High 114.12500,
• 5. Levels R: 176.81250, 164.84375, 159.25000, 145.81250, 133.81250,
• 6. Levels S: 109.50000, 108.53125, 108.00000.

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

ZB is trading in a persistent downtrend with momentum pressing into the lower support band near 108.53, where the latest swing low has formed. The pivot structure remains trend-negative, and the higher-timeframe benchmark stack is fully bearish, with price below the 5, 10, 20, 55, 100, and 200-period benchmarks. The weekly and monthly session fib grids read neutral on bias, but that neutrality sits inside a broader sell-side structure rather than a balanced trend. The chart shows repeated lower highs and lower lows, with prior rally attempts failing near the 118 to 126 resistance zone and the more recent advance rolling over again from the 118.68 to 120.34 area. From a futures swing-trader viewpoint, the dominant theme is downside continuation pressure, with the market now testing the lower edge of the current yearly structure and showing a choppy but still bearish cycle.