ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Feb-09 07:27 CT

Price Action

• Last: 527.75,
• Bars: Medium,
• Mom: Momentum average.

WSFG Weekly

• Short-Term
• WSFG Current: -11%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Feb

• Intermediate-Term
• MSFG Current: -24%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 4%
• 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 522.50,
• 4. Pvt. Next: Pvt High 544.75,
• 5. Levels R: 551.31, 544.75, 542.25, 539.25, 533.25, 530.75,
• 6. Levels S: 522.50, 507.00, 501.50.

Daily Benchmarks

• (Short-Term) 5 Day: 531 Down Trend,
• (Short-Term) 10 Day: 522.75 Up Trend,
• (Intermediate-Term) 20 Day: 525.78 Up Trend,
• (Intermediate-Term) 55 Day: 527.13 Down Trend,
• (Long-Term) 100 Day: 520.00 Up Trend,
• (Long-Term) 200 Day: 561.25 Down Trend.

Additional Metrics

• ATR: 51,
• VOLMA: 77996.

Recent Trade Signals

• 09 Feb 2026: Short ZW 03-26 @ 528 Signals.USAR-WSFG
• 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, with short-term momentum turning bearish as price action remains below both the weekly and monthly session fib grid centers. The most recent swing pivot is a low at 522.50, with the next potential reversal at the swing high of 544.75, indicating a range-bound environment between these levels. Resistance is stacked above in the 530s to 550s, while support is clustered at 522.50 and lower at 507 and 501.50. The 5-day moving average is trending down, confirming short-term weakness, while the 10-day and 20-day averages are up, suggesting some underlying support. However, the 55-day and 200-day moving averages are both in downtrends, capping rallies and reflecting broader market pressure. Recent trade signals have alternated between short and long, highlighting choppy, indecisive price action. Volatility remains moderate, and volume is steady. Overall, the market is consolidating after a recent sell-off, with short-term bias to the downside, but intermediate and long-term trends are mixed, suggesting traders are watching for a decisive breakout or breakdown from the current range.