ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Jan-16 07:23 CT

Price Action

• Last: 512.76,
• Bars: Medium,
• Mom: Momentum slow.

WSFG Weekly

• Short-Term
• WSFG Current: -3%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Jan

• Intermediate-Term
• MSFG Current: 24%
• 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: DTrend,
• (Intermediate-Term) 2. HiLo Trend: Neutral,
• 3. Pvt. Evolve: Pvt Low 507.00,
• 4. Pvt. Next: Pvt High 557.22,
• 5. Levels R: 557.22, 552.00, 525.00, 522.00, 518.75, 515.25, 511.25,
• 6. Levels S: 507.00, 501.50.

Daily Benchmarks

• (Short-Term) 5 Day: 512.5 Down Trend,
• (Short-Term) 10 Day: 512.5 Down Trend,
• (Intermediate-Term) 20 Day: 517.25 Down Trend,
• (Intermediate-Term) 55 Day: 524.87 Down Trend,
• (Long-Term) 100 Day: 530.85 Down Trend,
• (Long-Term) 200 Day: 557.22 Down Trend.

Additional Metrics

• ATR: 31,
• VOLMA: 77996.

Recent Trade Signals

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

Overall Rating

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

Key Insights Summary

The ZW Chicago SRW Wheat Futures daily chart shows a market under pressure in the short term, with price action characterized by slow momentum and medium-sized bars. The short-term trend is clearly down, as confirmed by the WSFG Weekly grid, swing pivot trend, and all benchmark moving averages pointing lower. The intermediate-term picture is more mixed: the MSFG for January is up, and price is above the monthly NTZ center, but the HiLo trend is neutral and price is struggling to sustain upward movement. Long-term signals remain bearish, with all major moving averages trending down and the yearly grid showing a neutral stance. Key resistance levels cluster above current price, while support is found at 507.00 and 501.50. The recent long signal from early January has not yet resulted in a sustained rally, and volatility (ATR) remains moderate. Overall, the market is in a corrective or consolidative phase, with short-term weakness dominating, while intermediate-term traders may be watching for a potential base or reversal if support holds and momentum improves.