ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Jan-21 07:24 CT

Price Action

• Last: 515.00,
• Bars: Medium,
• Mom: Momentum slow.

WSFG Weekly

• Short-Term
• WSFG Current: -23%
• 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 507.00,
• 4. Pvt. Next: Pvt High 522.00,
• 5. Levels R: 555.00, 568.75, 563.25, 525.00, 522.00,
• 6. Levels S: 507.00, 501.50.

Daily Benchmarks

• (Short-Term) 5 Day: 512.25 Down Trend,
• (Short-Term) 10 Day: 513.75 Down Trend,
• (Intermediate-Term) 20 Day: 513.43 Down Trend,
• (Intermediate-Term) 55 Day: 524.12 Down Trend,
• (Long-Term) 100 Day: 530.24 Down Trend,
• (Long-Term) 200 Day: 565.82 Down Trend.

Additional Metrics

• ATR: 51,
• VOLMA: 77996.

Recent Trade Signals

• 20 Jan 2026: Short ZW 03-26 @ 511.25 Signals.USAR.TR120
• 20 Jan 2026: Short ZW 03-26 @ 514.25 Signals.USAR-WSFG

Overall Rating

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

Key Insights Summary

The ZW Chicago SRW Wheat Futures daily chart reflects a market under pressure, with the short-term and long-term trends both pointing bearish. Price is currently trading at 515.00, below most key moving averages and the weekly and yearly session fib grid centers, confirming a persistent downward bias. The momentum is slow, and recent bars are medium-sized, indicating a lack of strong conviction in either direction. The swing pivot structure shows a dominant downtrend in the short term, with the most recent pivot low at 507.00 and resistance levels stacked well above current price, suggesting rallies are being sold. Intermediate-term signals are mixed, with the monthly fib grid showing some upward bias, but this is countered by the overall neutral HiLo trend and the weight of the longer-term downtrend. Recent trade signals have triggered new short entries, reinforcing the prevailing bearish sentiment. Volatility remains moderate, and volume is steady, but there is no evidence of a breakout or reversal pattern at this stage. The market appears to be consolidating near support, with risk of further downside if support at 507.00 and 501.50 fails, while any bounce is likely to encounter resistance at 522.00 and above.