ZB U.S. Treasury Bond Futures Weekly Chart Analysis: 2026-Sep-23 07:16 CT

Price Action

Last: 106.96875,
Bars: Medium,
Mom: Fast.

WSFG Weekly

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

MSFG Month Sep

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

YSFG Year 2026

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

Swing Pivots

(Short-Term) 1. Pvt. Trend: DTrend,
(Intermediate-Term) 2. HiLo Trend: DTrend,
3. Pvt. Evolve: Pvt low 106.03125,
4. Pvt. Next: Pvt high 109.96875,
5. Levels R: 175.87500, 163.90625, 158.31250, 144.87500, 132.87500,
6. Levels S: 106.03125, 105.06250.

Weekly Benchmarks

(Short-Term) 5 Day: 108.03125 Down Trend,
(Short-Term) 10 Day: 108.56250 Down Trend,
(Intermediate-Term) 20 Day: 110.12500 Down Trend,
(Intermediate-Term) 55 Day: 111.87500 Down Trend,
(Long-Term) 100 Day: 112.81250 Down Trend,
(Long-Term) 200 Day: 116.78125 Down Trend.

Overall Rating

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

Key Insights Summary

ZB remains in a broad weekly decline, with price pressing beneath the weekly, monthly, and yearly neutral-zone structures. The latest pivot is a new low at 106.03125, while the next opposing pivot threshold is materially higher at 109.96875, confirming that the active swing structure remains bearish. Price is below every benchmark average and all averages are declining, showing alignment between short-, intermediate-, and long-term trend pressure. The recent decline has extended rapidly from the 114 area and is testing the 106.03125 to 105.06250 support zone; this produces an oversold, high-volatility condition within the larger downtrend rather than a confirmed reversal. A recovery above the near-term benchmarks would represent a countertrend bounce, while continued lower highs beneath the 108.03125 to 110.12500 average band would preserve the prevailing bearish swing sequence.