ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2025-Dec-23 07:20 CT

Price Action

• Last: 515.25,
• Bars: Medium,
• Mom: Momentum slow.

WSFG Weekly

• Short-Term
• WSFG Current: 28%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month Dec

• Intermediate-Term
• MSFG Current: -58%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2025

• Long-Term
• YSFG Current: -43%
• 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 504.00,
• 4. Pvt. Next: Pvt High 520.50,
• 5. Levels R: 568.75, 563.25, 557.00, 547.00, 534.00, 520.50,
• 6. Levels S: 504.00.

Daily Benchmarks

• (Short-Term) 5 Day: 517.96 Down Trend,
• (Short-Term) 10 Day: 519.73 Down Trend,
• (Intermediate-Term) 20 Day: 528.71 Down Trend,
• (Intermediate-Term) 55 Day: 535.85 Down Trend,
• (Long-Term) 100 Day: 550.75 Down Trend,
• (Long-Term) 200 Day: 565.88 Down Trend.

Additional Metrics

• ATR: 51,
• VOLMA: 77996.

Overall Rating

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

Key Insights Summary

The ZW Chicago SRW Wheat Futures daily chart shows a market in a pronounced downtrend across all timeframes. Price action is currently consolidating near recent swing lows, with slow momentum and medium-sized bars indicating a pause after a sharp decline. The short-term WSFG trend is up, but this is countered by the intermediate and long-term MSFG and YSFG trends, which remain firmly down with price below their respective NTZ/F0% levels. Swing pivot analysis confirms a dominant downtrend, with the most recent pivot low at 504.00 and the next potential reversal at 520.50. Resistance levels are stacked above, while support is thin, highlighting vulnerability to further downside if the recent low is breached. All benchmark moving averages are trending down, reinforcing the bearish structure. Volatility (ATR) remains elevated, and volume is moderate. Overall, the market is in a corrective phase within a broader bearish cycle, with any rallies likely to face significant resistance from overhead levels and moving averages.