ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Jan-05 07:22 CT

Price Action

• Last: 508.50,
• Bars: Medium,
• Mom: Momentum slow.

WSFG Weekly

• Short-Term
• WSFG Current: 7%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month Jan

• Intermediate-Term
• MSFG Current: 4%
• F0%/NTZ' Bias: Price Above,
• MSFG Trend: Up.

YSFG Year 2026

• Long-Term
• YSFG Current: -4%
• 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 501.50,
• 4. Pvt. Next: Pvt High 516.00,
• 5. Levels R: 562.22, 563.25, 568.75, 525.00, 516.00,
• 6. Levels S: 501.50.

Daily Benchmarks

• (Short-Term) 5 Day: 511.74 Down Trend,
• (Short-Term) 10 Day: 517.22 Down Trend,
• (Intermediate-Term) 20 Day: 520.10 Down Trend,
• (Intermediate-Term) 55 Day: 533.39 Down Trend,
• (Long-Term) 100 Day: 553.30 Down Trend,
• (Long-Term) 200 Day: 562.22 Down Trend.

Additional Metrics

• ATR: 51,
• VOLMA: 77996.

Recent Trade Signals

• 02 Jan 2026: Short ZW 03-26 @ 505.25 Signals.USAR.TR720

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 under sustained pressure across all timeframes. Price action is characterized by medium-sized bars and slow momentum, with the last price at 508.50, just above the recent swing low. Both the short-term and intermediate-term session fib grids (WSFG, MSFG) indicate price is above their respective NTZ centers, but the prevailing trend in swing pivots and all benchmark moving averages is down. The short-term and intermediate-term pivot trends are both in a downtrend, with the next potential reversal only above 516.00, while resistance levels cluster well above current price, and support is thin, with the nearest at 501.50. All key moving averages (5, 10, 20, 55, 100, 200 day) are trending down, reinforcing the bearish structure. Volatility (ATR) is moderate, and volume is steady but not elevated. The most recent trade signal was a short entry, aligning with the dominant trend. Overall, the market is in a clear downtrend, with no immediate signs of reversal, and price remains vulnerable to further downside unless a significant pivot high is established above resistance.