ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2025-Aug-21 07:26 CT

Price Action

• Last: 538.40,
• Bars: Medium,
• Mom: Momentum slow.

WSFG Weekly

• Short-Term
• WSFG Current: 26%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month Aug

• Intermediate-Term
• MSFG Current: -27%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2025

• Long-Term
• YSFG Current: -33%
• F0%/NTZ' Bias: Price Below,
• YSFG Trend: Down.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt low 515.25,
• 4. Pvt. Next: Pvt high 535.25,
• 5. Levels R: 621.75, 601.25, 596.00, 591.25, 579.25, 565.28, 555.28, 538.40,
• 6. Levels S: 515.25.

Daily Benchmarks

• (Short-Term) 5 Day: 523.16 Down Trend,
• (Short-Term) 10 Day: 533.85 Down Trend,
• (Intermediate-Term) 20 Day: 538.40 Down Trend,
• (Intermediate-Term) 55 Day: 560.99 Down Trend,
• (Long-Term) 100 Day: 575.99 Down Trend,
• (Long-Term) 200 Day: 596.00 Down Trend.

Additional Metrics

• ATR: 51,
• VOLMA: 77996.

Overall Rating

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

Key Insights Summary

The ZW Chicago SRW Wheat Futures daily chart shows a market that has been under sustained downward pressure, with both intermediate and long-term trends clearly bearish as indicated by the MSFG and YSFG readings, as well as all major moving averages trending lower. The short-term WSFG trend is up, suggesting a possible short-term bounce or retracement, but the overall momentum remains slow and the price is still below key monthly and yearly session fib grid levels. Swing pivot analysis confirms a dominant downtrend, with the most recent pivot low at 515.25 and resistance levels stacked well above current price, indicating significant overhead supply. The ATR and volume metrics suggest moderate volatility and participation. The market appears to be in a potential consolidation or pause phase after a sharp selloff, with the possibility of a short-term relief rally, but the broader context remains bearish. Swing traders may interpret this as a market in a corrective phase within a larger downtrend, with any rallies likely to encounter resistance at prior swing highs and moving averages.