FGBL Euro-Bund Futures Daily Chart Analysis: 2026-Jul-21 07:04 CT

Price Action

• Last: 124.58,
• Bars: Medium,
• Mom: fast.

WSFG Weekly

• Short-Term
• WSFG Current: -7%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Jul

• Intermediate-Term
• MSFG Current: -100%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: -16%
• F0%/NTZ' Bias: Price Below,
• YSFG Trend: Down.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt low 124.58,
• 4. Pvt. Next: Pvt high 125.58,
• 5. Levels R: 138.14, 137.51, 135.10, 131.14, 130.91,
• 6. Levels S: 124.58, 123.78.

Daily Benchmarks

• (Short-Term) 5 Day: 125.14 Down Trend,
• (Short-Term) 10 Day: 125.42 Down Trend,
• (Intermediate-Term) 20 Day: 126.18 Down Trend,
• (Intermediate-Term) 55 Day: 125.92 Down Trend,
• (Long-Term) 100 Day: 125.91 Down Trend,
• (Long-Term) 200 Day: 126.83 Down Trend.

Additional Metrics

• ATR: 65,
• VOLMA: 1114077.

Recent Trade Signals

• 20 Jul 2026: Long FGBL 09-26 @ 124.97 Signals.USAR-WSFG
• 13 Jul 2026: Short FGBL 09-26 @ 125.2 Signals.USAR.TR120

Overall Rating

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

Key Insights Summary

Price has extended the July decline from the 127.69 swing high and is establishing a sequence of lower highs and lower lows beneath every benchmark average. The short-term pivot trend, weekly grid, and monthly grid remain down, while the 124.58 pivot low is the immediate support reference above the larger 123.78 support. The intermediate HiLo structure remains UTrend, but current price is materially below the 20, 55, 100, and 200-day averages, reflecting a countertrend deterioration within that broader pivot structure. Volume has remained comparatively contained as the decline progressed, while ATR has eased from earlier highs, characterizing an orderly but persistent bearish swing cycle.