ZB U.S. Treasury Bond Futures Daily Chart Analysis: 2026-Jul-20 07:09 CT

Price Action

Last: 111.09375,
Bars: Small,
Mom: Slow.

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 Bearish,
MSFG Trend: DTrend.

YSFG Year 2026

Long-Term
YSFG Current: NA%
F0%/NTZ' Bias: Price Bearish,
YSFG Trend: DTrend.

Swing Pivots

(Short-Term) 1. Pvt. Trend: DTrend,
(Intermediate-Term) 2. HiLo Trend: UTrend,
3. Pvt. Evolve: Pvt low 110.37500,
4. Pvt. Next: Pvt high 112.00000,
5. Levels R: 114.25000, 113.31250, 113.18750, 112.80625, 112.73750,
6. Levels S: 110.37500, 109.00000, 108.03125, 105.50000.

Daily Benchmarks

(Short-Term) 5 Day: 111.06250 Down Trend,
(Short-Term) 10 Day: 111.31250 Down Trend,
(Intermediate-Term) 20 Day: 112.34375 Down Trend,
(Intermediate-Term) 55 Day: 112.34375 Down Trend,
(Long-Term) 100 Day: 112.96875 Down Trend,
(Long-Term) 200 Day: 114.21875 Down Trend.

Additional Metrics

ATR: 29,
VOLMA: 450837.

Overall Rating

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

Key Insights Summary

Price is consolidating with small, slow-momentum bars just above the 110.37500 developing pivot low after a sharp July decline. The short-term pivot structure remains in DTrend and price is below the 10-day, 20-day, 55-day, 100-day, and 200-day benchmarks, maintaining broad downside alignment. The intermediate HiLo structure remains UTrend, but it is under pressure as the market trades beneath the July MSFG area and below clustered intermediate moving-average resistance near 112.34375. A recovery through the 112.00000 next-pivot level would constitute a meaningful countertrend structure change, while failure around 110.37500 would keep the lower-support sequence at 109.00000 and 108.03125 in focus. Volume has moderated and ATR has contracted, indicating a quieter consolidation phase following the selloff rather than an expansionary directional move.