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

Price Action

• Last: 108'24,
• Bars: Medium,
• Mom: fast.

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 108.25000,
• 4. Pvt. Next: Pvt high 112.62500,
• 5. Levels R: 125.75000, 119.84375, 118.31250, 118.18750, 114.62500,
• 6. Levels S: 108.81250, 108.03125, 105.50000.

Weekly Benchmarks

• (Short-Term) 5 Day: 111.78125 Down Trend,
• (Short-Term) 10 Day: 111.93750 Down Trend,
• (Intermediate-Term) 20 Day: 112.28125 Down Trend,
• (Intermediate-Term) 55 Day: 113.56250 Down Trend,
• (Long-Term) 100 Day: 114.31250 Down Trend,
• (Long-Term) 200 Day: 117.78125 Down Trend.

Overall Rating

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

Key Insights Summary

Price remains in a broad weekly downtrend, with the latest decline pressing the 108.81250 to 108.03125 support zone and maintaining a sequence of lower highs and lower lows. The pivot structure, all six declining benchmarks, and price below the yearly NTZ/F0% area align with bearish momentum across timeframes. The 112.62500 pivot-next level defines the opposing short-term swing threshold, while 114.62500 is the nearest major overhead resistance and former yearly F0% area. A sustained break beneath 108.03125 would expose the 105.50000 historical support level; recovery into the 112.62500 to 114.62500 area would represent a countertrend retracement within the prevailing larger decline.