ZB U.S. Treasury Bond Futures Daily Chart Analysis: 2026-Aug-20 07:12 CT

Price Action

• Last: 109'08,
• Bars: Large,
• Mom: fast.

WSFG Weekly

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

MSFG Month Aug

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

YSFG Year 2026

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

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: Neutral,
• 3. Pvt. Evolve: Pvt high 110.28125,
• 4. Pvt. Next: Pvt low 108.28125,
• 5. Levels R: 133.31250, 131.87500, 128.06250, 127.37500, 126.31250,
• 6. Levels S: 107.90625, 105.90600.

Daily Benchmarks

• (Short-Term) 5 Day: 109.09375 Up Trend,
• (Short-Term) 10 Day: 109.12500 Up Trend,
• (Intermediate-Term) 20 Day: 109.40625 Up Trend,
• (Intermediate-Term) 55 Day: 110.88750 Down Trend,
• (Long-Term) 100 Day: 117.81250 Down Trend,
• (Long-Term) 200 Day: 113.40625 Down Trend.

Additional Metrics

• ATR: 46.6875,
• VOLMA: 450837.

Overall Rating

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

Key Insights Summary

The daily chart is showing a sharp short-term recovery from the August pivot low near 107.90625, with large-range upside price action and an active UTrend pivot condition. Price has rebounded through the August MSFG area and is pressing the short-term 5- and 10-day averages, while the 20-day average near 109.40625 remains the nearby intermediate-term overhead reference. The broader structure remains mixed to bearish: the HiLo trend is neutral, the 55-day average is declining, and price remains materially beneath the declining 100- and 200-day benchmarks. The current advance resembles a strong countertrend bounce within a larger declining long-term trend, with 110.28125 marking the next pivot-evolution level and 108.28125 defining the opposite-pivot reversal threshold.