ZB U.S. Treasury Bond Futures Daily Chart Analysis: 2026-Sep-29 07:14 CT

Price Action

• Last: 104.0625,
• Bars: Large,
• Mom: Fast.

WSFG Weekly

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

MSFG Month Sep

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

YSFG Year 2026

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

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt low 103.4375,
• 4. Pvt. Next: Pvt high 105.7500,
• 5. Levels R: 132.8750, 131.4375, 128.9375, 127.6250, 125.8750,
• 6. Levels S: 103.4375.

Daily Benchmarks

• (Short-Term) 5 Day: 105.34375 Down Trend,
• (Short-Term) 10 Day: 106.21875 Down Trend,
• (Intermediate-Term) 20 Day: 107.09375 Down Trend,
• (Intermediate-Term) 55 Day: 108.37500 Down Trend,
• (Long-Term) 100 Day: 109.68750 Down Trend,
• (Long-Term) 200 Day: 111.93750 Down Trend.

Additional Metrics

• ATR: 35,
• VOLMA: 450837.

Overall Rating

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

Key Insights Summary

ZB remains in a broad, synchronized bearish trend: price is below every benchmark average, each average is declining, and both the short-term pivot trend and intermediate-term HiLo structure are in DTrend. The market has extended sharply beneath the September MSFG area near 108.1250 and is making lower highs and lower lows. The latest 103.4375 pivot low produced a modest bounce toward 104.0625, but momentum remains fast and the bounce is still structurally countertrend beneath the 5-day average at 105.34375. A reversal of the active pivot sequence would require a move through 105.7500, while 103.4375 remains the nearest established swing-low reference.