The ZW Chicago SRW Wheat Futures daily chart shows a market in transition. Short-term price action is neutral, with average momentum and medium-sized bars, reflecting a recent pullback after a sharp rally. The weekly and monthly session fib grids both indicate an upward trend, with price holding above their respective NTZ/F0% levels, supporting an intermediate-term bullish bias. However, the yearly fib grid remains negative, and long-term moving averages (100 and 200 day) are still trending down, highlighting persistent bearishness on a broader horizon. Swing pivots show a short-term downtrend (DTrend) with the most recent pivot low at 524.50, while the intermediate-term HiLo trend is up, suggesting a possible corrective phase within a larger recovery. Resistance is layered above at 532.50, 535.25, and up to 556.00, while support is found at 524.50 and lower. The 5, 10, and 20 day moving averages are all trending up, but the 55, 100, and 200 day remain in downtrends, reinforcing the mixed outlook. Recent trade signals flagged a short entry on Nov 14, aligning with the short-term pivot reversal. Volatility (ATR) is moderate, and volume remains robust. Overall, the market is consolidating after a strong bounce, with short-term indecision, intermediate-term recovery, and long-term bearish overhang. Traders are likely watching for a resolution of this consolidation—either a continuation higher if resistance breaks, or a deeper retracement if support fails.