ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Jan-08 07:23 CT

Price Action

• Last: 516.61,
• Bars: Medium,
• Mom: Momentum average.

WSFG Weekly

• Short-Term
• WSFG Current: 70%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month Jan

• Intermediate-Term
• MSFG Current: 30%
• F0%/NTZ' Bias: Price Above,
• MSFG Trend: Up.

YSFG Year 2026

• Long-Term
• YSFG Current: 1%
• F0%/NTZ' Bias: Price Above,
• YSFG Trend: Up.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: Neutral,
• 3. Pvt. Evolve: Pvt High 520.75,
• 4. Pvt. Next: Pvt Low 501.50,
• 5. Levels R: 560.49, 568.75, 563.25, 525.00,
• 6. Levels S: 501.50, 487.25.

Daily Benchmarks

• (Short-Term) 5 Day: 511 Up Trend,
• (Short-Term) 10 Day: 510.5 Up Trend,
• (Intermediate-Term) 20 Day: 516.6 Up Trend,
• (Intermediate-Term) 55 Day: 527.7 Down Trend,
• (Long-Term) 100 Day: 532.5 Down Trend,
• (Long-Term) 200 Day: 560.5 Down Trend.

Additional Metrics

• ATR: 51,
• VOLMA: 77996.

Recent Trade Signals

• 06 Jan 2026: Long ZW 03-26 @ 512.25 Signals.USAR-MSFG
• 05 Jan 2026: Long ZW 03-26 @ 512.25 Signals.USAR.TR120
• 05 Jan 2026: Long ZW 03-26 @ 510.25 Signals.USAR-WSFG
• 02 Jan 2026: Short ZW 03-26 @ 505.25 Signals.USAR.TR720

Overall Rating

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

Key Insights Summary

The ZW Chicago SRW Wheat Futures daily chart shows a recent shift in momentum, with price action rebounding from the early January lows and now trading above key short-term and intermediate-term moving averages. The short-term swing pivot trend has turned up (UTrend), supported by a series of recent long trade signals and a price move above the monthly and weekly session fib grid centers (NTZ/F0%). Intermediate-term structure is also constructive, with the MSFG and WSFG both trending up, though the intermediate HiLo trend remains neutral, suggesting some consolidation or indecision at this timeframe. Long-term benchmarks (100 and 200 day MAs) are still in a downtrend, indicating that the broader trend has not fully reversed, but the current price is making higher lows and challenging resistance levels. Volatility (ATR) is moderate, and volume is healthy, supporting the recent move. The market is in a recovery phase, with potential for further upside if resistance levels are cleared, but still faces overhead supply from the longer-term downtrend. The overall structure suggests a bullish bias in the short and intermediate term, with the long-term trend yet to confirm a full reversal.