ZB U.S. Treasury Bond Futures Daily Chart Analysis: 2026-Sep-20 18:11 CT

Price Action

• Last: 107.0625,
• Bars: Small,
• Mom: Average.

WSFG Weekly

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

MSFG Month Sep

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

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 107.9375,
• 4. Pvt. Next: Pvt low 105.8750,
• 5. Levels R: 132.8750, 131.4375, 128.9375, 127.6250, 125.8750,
• 6. Levels S: 106.03125, 105.06250.

Daily Benchmarks

• (Short-Term) 5 Day: 107.0000 Up Trend,
• (Short-Term) 10 Day: 107.3750 Down Trend,
• (Intermediate-Term) 20 Day: 108.15625 Down Trend,
• (Intermediate-Term) 55 Day: 109.06250 Down Trend,
• (Long-Term) 100 Day: 110.34375 Down Trend,
• (Long-Term) 200 Day: 112.21875 Down Trend.

Additional Metrics

• ATR: 35,
• VOLMA: 450837.

Overall Rating

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

Key Insights Summary

Price is rebounding from the 106.03125 swing-low support area, producing a short-term UTrend pivot sequence, but the recovery remains below the September MSFG balance zone and below the declining 10-, 20-, 55-, 100-, and 200-day benchmarks. The structure remains intermediate- and long-term bearish, defined by lower highs and lower lows from the July peak. The recent advance toward 108.00 appears to be a countertrend bounce that stalled beneath the 20-day average and nearby pivot resistance at 107.9375. Small recent bars and moderating volume indicate consolidation following the rebound, while 106.03125 and 105.06250 remain the principal downside swing-reference levels.