FGBL Euro-Bund Futures Daily Chart Analysis: 2026-Jul-22 07:04 CT

Price Action

• Last: 124.38,
• Bars: Medium,
• Mom: Fast.

WSFG Weekly

• Short-Term
• WSFG Current: -27%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Jul

• Intermediate-Term
• MSFG Current: -111%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: -19%
• 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 124.38,
• 4. Pvt. Next: Pvt high 125.34,
• 5. Levels R: 138.14, 137.51, 135.10, 134.38, 130.91,
• 6. Levels S: 124.38, 123.78.

Daily Benchmarks

• (Short-Term) 5 Day: 124.87 Down Trend,
• (Short-Term) 10 Day: 125.09 Down Trend,
• (Intermediate-Term) 20 Day: 126.07 Down Trend,
• (Intermediate-Term) 55 Day: 125.94 Down Trend,
• (Long-Term) 100 Day: 125.87 Down Trend,
• (Long-Term) 200 Day: 126.81 Down Trend.

Additional Metrics

• ATR: 47,
• VOLMA: 409000.

Recent Trade Signals

• 21 Jul 2026: Short FGBL 09-26 @ 124.44 Signals.USAR-WSFG

Overall Rating

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

Key Insights Summary

Price is pressing the 124.38 swing-low pivot after a sharp July reversal from the 127.69 high. The short-term pivot sequence is down, price is beneath the weekly and monthly F0%/NTZ structures, and all six benchmark averages slope lower above the market. The intermediate HiLo structure remains upward, but the current decline has broken beneath the major intermediate averages and is testing the prior May support area. A sustained hold around 124.38 keeps the 123.78 support level in focus, while a countertrend recovery would first encounter the 125.34 pivot threshold and clustered moving-average resistance between 125.87 and 126.81.