ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Feb-06 07:26 CT

Price Action

• Last: 525.63,
• Bars: Medium,
• Mom: Average.

WSFG Weekly

• Short-Term
• WSFG Current: -10%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Feb

• Intermediate-Term
• MSFG Current: -4%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 8%
• F0%/NTZ' Bias: Price Above,
• YSFG Trend: Up.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt Low 522.04,
• 4. Pvt. Next: Pvt High 544.25,
• 5. Levels R: 551.70, 544.25, 538.50, 533.25, 530.75,
• 6. Levels S: 522.04, 507.00, 501.50.

Daily Benchmarks

• (Short-Term) 5 Day: 531.25 Down Trend,
• (Short-Term) 10 Day: 531.13 Down Trend,
• (Intermediate-Term) 20 Day: 525.63 Up Trend,
• (Intermediate-Term) 55 Day: 529.11 Down Trend,
• (Long-Term) 100 Day: 543.96 Down Trend,
• (Long-Term) 200 Day: 551.70 Down Trend.

Additional Metrics

• ATR: 51,
• VOLMA: 77996.

Recent Trade Signals

• 05 Feb 2026: Long ZW 03-26 @ 535 Signals.USAR.TR120
• 02 Feb 2026: Short ZW 03-26 @ 530.75 Signals.USAR-MSFG

Overall Rating

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

Key Insights Summary

The ZW Chicago SRW Wheat Futures daily chart shows a market in transition. Price action is currently below both the weekly and monthly session fib grid centers, with medium-sized bars and average momentum, indicating a lack of strong conviction in either direction. The short-term trend is bearish, as confirmed by the downward direction of the 5- and 10-day moving averages and the current swing pivot trend. However, the intermediate-term HiLo trend remains up, suggesting some underlying support, though the 20-day MA is the only benchmark still in an uptrend. Long-term moving averages (100- and 200-day) are trending down, reflecting a broader bearish bias, but the yearly fib grid trend is still up, hinting at possible longer-term support. Recent trade signals show mixed activity, with a short signal followed by a long, highlighting the choppy and indecisive nature of the current market. Key resistance levels are clustered above, while support is found near 522 and lower at 507 and 501. Volatility remains moderate, and volume is steady. Overall, the market is consolidating after a recent pullback, with short-term pressure to the downside but potential for stabilization or reversal if support holds and intermediate-term strength reasserts.