ZB U.S. Treasury Bond Futures Daily Chart Analysis: 2026-Jul-31 07:11 CT

Price Action

• Last: 109-08,
• 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: DTrend,
• 3. Pvt. Evolve: Pvt low 108.31250,
• 4. Pvt. Next: Pvt high 110.43750,
• 5. Levels R: 133.31250, 131.87500, 128.06250, 127.37500, 126.31250,
• 6. Levels S: 108.81250, 108.03125, 105.00000.

Daily Benchmarks

• (Short-Term) 5 Day: 110.09375 Down Trend,
• (Short-Term) 10 Day: 110.25000 Down Trend,
• (Intermediate-Term) 20 Day: 110.81250 Down Trend,
• (Intermediate-Term) 55 Day: 111.71875 Down Trend,
• (Long-Term) 100 Day: 112.37500 Down Trend,
• (Long-Term) 200 Day: 113.96875 Down Trend.

Additional Metrics

• ATR: 35,
• VOLMA: 450837.

Overall Rating

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

Key Insights Summary

Price remains beneath every tracked benchmark, with the moving-average structure broadly declining from the 5-day through the 200-day average. Both pivot measures are in DTrend, and the July MSFG position remains below its lower NTZ area and F0% reference. The late-July bounce failed below the 5-day and 10-day averages, producing a lower high near 110-30 before price rotated back toward the 108-16 to 109-00 support zone. The current evolving pivot is a low at 108.31250; 110.43750 defines the opposite pivot-reversal threshold. This is a mature bearish swing structure characterized by lower highs, lower lows, subdued momentum, and consolidation near recent lows rather than a sustained recovery.