ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Jan-02 07:17 CT

Price Action

• Last: 506.50,
• Bars: Medium,
• Mom: Momentum slow.

WSFG Weekly

• Short-Term
• WSFG Current: -67%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Jan

• Intermediate-Term
• MSFG Current: -65%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: -46%
• 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 563.37,
• 5. Levels R: 563.37, 563.25, 568.75,
• 6. Levels S: 504.00.

Daily Benchmarks

• (Short-Term) 5 Day: 511.3 Down Trend,
• (Short-Term) 10 Day: 516.6 Down Trend,
• (Intermediate-Term) 20 Day: 523.9 Down Trend,
• (Intermediate-Term) 55 Day: 534.2 Down Trend,
• (Long-Term) 100 Day: 545.1 Down Trend,
• (Long-Term) 200 Day: 563.4 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 is exhibiting a clear bearish structure across all timeframes. Price action is currently at 506.50, with medium-sized bars and slow momentum, indicating a lack of aggressive selling but persistent downward pressure. The price remains below all key session fib grid levels (weekly, monthly, yearly), reinforcing a strong downward bias. Both short-term and intermediate-term swing pivot trends are in decline, with the most recent pivot low at 504.00 acting as immediate support and multiple resistance levels stacked above, notably at 563.37 and 563.25. All benchmark moving averages from short to long-term are trending down, confirming the prevailing bearish sentiment. Volatility, as measured by ATR, is moderate, and volume remains steady but not elevated, suggesting no panic selling but a controlled downtrend. No reversal signals are present, and the market is in a clear trend continuation phase, with no signs of a significant bounce or recovery. The technical landscape points to continued weakness, with the market potentially testing lower support levels unless a strong reversal develops.