ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Jan-20 07:24 CT

Price Action

• Last: 514.00,
• Bars: Medium,
• Mom: Momentum average.

WSFG Weekly

• Short-Term
• WSFG Current: -22%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Jan

• Intermediate-Term
• MSFG Current: 19%
• F0%/NTZ' Bias: Price Above,
• MSFG Trend: Up.

YSFG Year 2026

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

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: Neutral,
• 3. Pvt. Evolve: Pvt Low 501.50,
• 4. Pvt. Next: Pvt High 525.00,
• 5. Levels R: 556.81, 563.25, 568.75,
• 6. Levels S: 501.50, 507.00, 511.75.

Daily Benchmarks

• (Short-Term) 5 Day: 512.5 Down Trend,
• (Short-Term) 10 Day: 513.25 Down Trend,
• (Intermediate-Term) 20 Day: 517.13 Down Trend,
• (Intermediate-Term) 55 Day: 524.63 Down Trend,
• (Long-Term) 100 Day: 530.59 Down Trend,
• (Long-Term) 200 Day: 565.74 Down Trend.

Additional Metrics

• ATR: 51,
• VOLMA: 77996.

Recent Trade Signals

• 16 Jan 2026: Long ZW 03-26 @ 520 Signals.USAR.TR120
• 16 Jan 2026: Long ZW 03-26 @ 519.5 Signals.USAR-WSFG

Overall Rating

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

Key Insights Summary

The ZW Chicago SRW Wheat Futures market is currently in a consolidation phase after a period of pronounced downside momentum. Price action is showing medium-sized bars with average momentum, indicating neither strong selling nor aggressive buying at this stage. The short-term Weekly Session Fib Grid (WSFG) trend remains down, with price below the NTZ center, but the recent long trade signals suggest some attempt at a short-term bounce from support levels. The Monthly Session Fib Grid (MSFG) for January is up, with price above the NTZ center, hinting at a possible intermediate-term recovery or at least a pause in the downtrend. However, all key moving averages from short to long-term are trending down, reinforcing the broader bearish structure. Swing pivots show the most recent evolution as a pivot low at 501.50, with the next potential reversal at 525.00, and resistance levels stacked well above current price. Volatility (ATR) is moderate, and volume is steady but not elevated. Overall, the market is in a neutral stance short and intermediate-term, with a bearish long-term bias, as it tests support and attempts to form a base. The technical setup suggests a market in transition, with traders watching for either a sustained reversal or a continuation of the broader downtrend.