ZB U.S. Treasury Bond Futures Weekly Chart Analysis: 2026-Jul-23 07:10 CT

Price Action

• Last: 109.5000,
• Bars: Medium,
• Mom: Fast.

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 Below NTZ Lower,
• YSFG Trend: Bearish.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt low 109.5000,
• 4. Pvt. Next: Pvt high 113.3750,
• 5. Levels R: 176.3125, 164.34375, 158.7500, 145.3125, 133.3125,
• 6. Levels S: 109.5000, 109.0000, 108.03125, 105.5000.

Weekly Benchmarks

• (Short-Term) 5 Day: 112.5000 Down Trend,
• (Short-Term) 10 Day: 111.96875 Down Trend,
• (Intermediate-Term) 20 Day: 112.59375 Down Trend,
• (Intermediate-Term) 55 Day: 113.6875 Down Trend,
• (Long-Term) 100 Day: 114.4375 Down Trend,
• (Long-Term) 200 Day: 117.8750 Down Trend.

Overall Rating

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

Key Insights Summary

Price is extending a fast weekly decline into the 109.5000 pivot-low area after rejection from the 114.6250 region. The short-term and intermediate pivot structures remain in DTrend, with lower highs and lower lows defining the dominant swing sequence. Price is below every benchmark average, while all six averages are declining, confirming broad bearish alignment across swing timeframes. The 2026 yearly grid is below its lower NTZ boundary, reinforcing the long-term downside condition. The immediate structure is testing support at 109.5000 and 109.0000; 108.03125 is the next lower pivot reference. A recovery through 113.3750 is required to establish the next opposing swing-high pivot, while the 114.4375 to 114.6250 benchmark and yearly-grid area remains a major overhead resistance zone.