ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Feb-04 07:24 CT

Price Action

• Last: 525.75,
• Bars: Medium,
• Mom: Average.

WSFG Weekly

• Short-Term
• WSFG Current: -64%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Feb

• Intermediate-Term
• MSFG Current: -28%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 3%
• F0%/NTZ' Bias: Price Above,
• YSFG Trend: Up.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt High 541.75,
• 4. Pvt. Next: Pvt Low 507.00,
• 5. Levels R: 568.75, 563.25, 541.75,
• 6. Levels S: 507.00, 501.50.

Daily Benchmarks

• (Short-Term) 5 Day: 534.5 Down Trend,
• (Short-Term) 10 Day: 533.4 Down Trend,
• (Intermediate-Term) 20 Day: 520.36 Up Trend,
• (Intermediate-Term) 55 Day: 525.25 Down Trend,
• (Long-Term) 100 Day: 529.22 Down Trend,
• (Long-Term) 200 Day: 552.6 Down Trend.

Additional Metrics

• ATR: 51,
• VOLMA: 77996.

Recent Trade Signals

• 02 Feb 2026: Short ZW 03-26 @ 530.75 Signals.USAR-MSFG

Overall Rating

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

Key Insights Summary

The ZW Chicago SRW Wheat Futures daily chart shows a market in transition. Price action has recently shifted to an uptrend on the short-term swing pivots, but both the weekly and monthly session fib grids (WSFG and MSFG) remain in clear downtrends, with price below their respective NTZ/F0% levels. The intermediate-term and long-term moving averages (55, 100, 200-day) are all trending down, reinforcing a broader bearish bias, while the 20-day MA is the only benchmark showing an uptrend, suggesting a possible short-term bounce or retracement within a larger downtrend. Resistance is clustered above at 541.75, 563.25, and 568.75, while support is found at 507.00 and 501.50. The recent short signal (02 Feb) aligns with the prevailing intermediate-term weakness. Volatility (ATR) and volume (VOLMA) are moderate, indicating active but not extreme trading conditions. Overall, the market is showing mixed signals: short-term strength is emerging, but intermediate and long-term trends remain pressured to the downside, suggesting the potential for further consolidation or a retest of support unless a sustained breakout above resistance occurs.