ZB U.S. Treasury Bond Futures Daily Chart Analysis: 2026-Jul-24 07:10 CT

Price Action

• Last: 109.1875,
• Bars: Small,
• Mom: Slow.

WSFG Weekly

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

MSFG Month Jul

• Intermediate-Term
• MSFG Current: NA%
• F0%/NTZ' Bias: Price Bearish,
• MSFG Trend: Bearish.

YSFG Year 2026

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

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt low 109.5000,
• 4. Pvt. Next: Pvt high 110.8750,
• 5. Levels R: 142.1875, 133.3125, 131.8750, 128.0625, 127.3750,
• 6. Levels S: 109.2500, 109.0000, 108.03125, 105.5000.

Daily Benchmarks

• (Short-Term) 5 Day: 110.3750 Down Trend,
• (Short-Term) 10 Day: 110.4875 Down Trend,
• (Intermediate-Term) 20 Day: 111.71875 Down Trend,
• (Intermediate-Term) 55 Day: 112.03125 Down Trend,
• (Long-Term) 100 Day: 112.65625 Down Trend,
• (Long-Term) 200 Day: 114.1250 Down Trend.

Additional Metrics

• ATR: 30,
• VOLMA: 450837.

Overall Rating

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

Key Insights Summary

Price remains in a broad daily downswing, trading below every benchmark average and well beneath the July MSFG value area. The short-term pivot structure is bearish, with the market evolving from a 109.5000 pivot low and requiring a reversal through 110.8750 to establish a new pivot high. Small-range bars and declining momentum reflect a mature, controlled selloff rather than an impulsive volatility expansion. The 109.2500 and 109.0000 supports are being tested, while the intermediate HiLo UTrend identifies the current decline as a substantial retracement within the larger pivot structure. Recent price action remains defined by lower highs from the late-June 114.6250 peak, declining moving averages, and persistent downside pressure across short-, intermediate-, and long-term measures.