ZB U.S. Treasury Bond Futures Weekly Chart Analysis: 2026-Jul-07 07:09 CT

Price Action

Last: 114.03125,
Bars: Large,
Mom: average.

WSFG Weekly

Short-Term
WSFG Current: NA%
F0%/NTZ' Bias: Price Neutral,
WSFG Trend: Neutral.

MSFG Month Jul

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 High 114.62500,
4. Pvt. Next: Pvt Low 110.68750,
5. Levels R: 176.31250, 164.34375, 158.75000, 145.31250, 133.31250,
6. Levels S: 109.00000, 108.03125, 105.50000, 7.00000.

Weekly Benchmarks

(Short-Term) 5 Day: 112.81250 Down Trend,
(Short-Term) 10 Day: 112.28125 Up Trend,
(Intermediate-Term) 20 Day: 113.18750 Down Trend,
(Intermediate-Term) 55 Day: 113.87500 Down Trend,
(Long-Term) 100 Day: 114.62500 Down Trend,
(Long-Term) 200 Day: 118.09375 Down Trend.

Overall Rating

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

Key Insights Summary

The weekly chart is trading in a broad multi-year downtrend that has repeatedly cycled through sharp rally legs and deep retracements, with the current action sitting back inside the 2026 yearly NTZ near the F0% area. Price is holding above the 5-Day and 10-Day benchmarks, which gives the short-term a more balanced tone, but the broader benchmark stack remains downward sloped and below the market, keeping the intermediate and long-term structure bearish. Swing pivots still show DTrend alignment on both the short-term and intermediate-term pivot frameworks, and the next major swing reference is the lower pivot at 110.68750. The chart is showing a consolidation-to-bounce posture after the recent decline, with price trying to stabilize under the upper part of the 2026 NTZ while still below the longer moving average cluster, leaving the larger trend dominated by lower highs and downside pivot control.