ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Jan-09 07:23 CT

Price Action

• Last: 517.50,
• Bars: Medium,
• Mom: Momentum average.

WSFG Weekly

• Short-Term
• WSFG Current: 60%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month Jan

• Intermediate-Term
• MSFG Current: 26%
• F0%/NTZ' Bias: Price Above,
• MSFG Trend: Up.

YSFG Year 2026

• Long-Term
• YSFG Current: 0%
• F0%/NTZ' Bias: Price Neutral,
• YSFG Trend: Neutral.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: Neutral,
• 3. Pvt. Evolve: Pvt High 522.75,
• 4. Pvt. Next: Pvt Low 508.25,
• 5. Levels R: 559.92, 568.75, 563.25, 525.00,
• 6. Levels S: 501.50.

Daily Benchmarks

• (Short-Term) 5 Day: 513 Up Trend,
• (Short-Term) 10 Day: 513.75 Up Trend,
• (Intermediate-Term) 20 Day: 515.75 Up Trend,
• (Intermediate-Term) 55 Day: 527.38 Down Trend,
• (Long-Term) 100 Day: 532.23 Down Trend,
• (Long-Term) 200 Day: 560 Down Trend.

Additional Metrics

• ATR: 51,
• VOLMA: 77,996.

Recent Trade Signals

• 08 Jan 2026: Long ZW 03-26 @ 521.75 Signals.USAR.TR720
• 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

Overall Rating

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

Key Insights Summary

The ZW Chicago SRW Wheat Futures daily chart shows a notable shift in short-term and intermediate-term momentum, with price action currently above key weekly and monthly session fib grid levels, and a clear uptrend in the short-term swing pivot structure. The recent series of long trade signals aligns with this bullish momentum, supported by upward trends in the 5, 10, and 20-day moving averages. However, the intermediate and long-term moving averages (55, 100, and 200-day) remain in a downtrend, indicating that the broader trend is still neutral to bearish and that the current rally is a counter-trend move within a larger consolidation or corrective phase. Volatility, as measured by ATR, is moderate, and volume metrics are healthy, suggesting active participation. Resistance levels are clustered above, with 525.00 as the nearest, while support is established at 501.50. The market is in a recovery phase from recent lows, with higher lows forming and a potential for further upside if resistance levels are breached. The overall structure suggests a bullish bias in the short and intermediate term, but the long-term trend remains neutral, warranting close monitoring for signs of trend continuation or reversal.