ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Feb-08 18:23 CT

Price Action

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

WSFG Weekly

• Short-Term
• WSFG Current: -43%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Feb

• Intermediate-Term
• MSFG Current: -18%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 5%
• 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 522.06,
• 4. Pvt. Next: Pvt High 544.75,
• 5. Levels R: 551.70, 544.75, 531.25, 530.50, 507.00,
• 6. Levels S: 522.06, 501.50.

Daily Benchmarks

• (Short-Term) 5 Day: 531.25 Down Trend,
• (Short-Term) 10 Day: 522 Down Trend,
• (Intermediate-Term) 20 Day: 525.63 Up Trend,
• (Intermediate-Term) 55 Day: 529.75 Down Trend,
• (Long-Term) 100 Day: 548.96 Down Trend,
• (Long-Term) 200 Day: 565.17 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: Bearish.

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 directional conviction. The short-term trend is bearish, as confirmed by the downward WSFG and both 5- and 10-day moving averages, while the most recent swing pivot is a low at 522.06, with the next potential reversal at the swing high of 544.75. Intermediate-term signals are mixed: the 20-day MA is trending up, but the 55-day MA remains down, and the MSFG is still negative. The long-term outlook is bearish, with both the 100- and 200-day MAs trending down and price trading well below these levels, despite the yearly fib grid showing a slight upward bias. Recent trade signals reflect this choppy environment, with both long and short entries triggered in the past week. Overall, the market is consolidating after a recent pullback, with resistance overhead and support just below, suggesting a period of indecision as the market digests recent moves and awaits a clearer directional catalyst.