ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Feb-22 18:09 CT

Price Action

Last: 580.25,
Bars: Large,
Mom: Momentum fast.

WSFG Weekly

Short-Term
WSFG Current: 140%
F0%/NTZ' Bias: Price Above,
WSFG Trend: Up.

MSFG Month Feb

Intermediate-Term
MSFG Current: 93%
F0%/NTZ' Bias: Price Above,
MSFG Trend: Up.

YSFG Year 2026

Long-Term
YSFG Current: 25%
F0%/NTZ' Bias: Price Above,
YSFG Trend: Up.

Swing Pivots

(Short-Term) 1. Pvt. Trend: UTrend,
(Intermediate-Term) 2. HiLo Trend: UTrend,
3. Pvt. Evolve: Pvt High 580.25,
4. Pvt. Next: Pvt Low 560.00,
5. Levels R: 580.25, 548.72, 521.00, 500.75,
6. Levels S: 506.75, 501.25.

Daily Benchmarks

(Short-Term) 5 Day: 555.2 Up Trend,
(Short-Term) 10 Day: 542.2 Up Trend,
(Intermediate-Term) 20 Day: 535.38 Up Trend,
(Intermediate-Term) 55 Day: 529.38 Up Trend,
(Long-Term) 100 Day: 520.95 Up Trend,
(Long-Term) 200 Day: 548.78 Up Trend.

Additional Metrics

ATR: 44,
VOLMA: 75277.

Recent Trade Signals

18 Feb 2026: Long ZW 05-26 @ 551.75 Signals.USAR.TR120
18 Feb 2026: Long ZW 05-26 @ 551.75 Signals.USAR-WSFG

Overall Rating

Short-Term: Bullish,
Intermediate-Term: Bullish,
Long-Term: Bullish.

Key Insights Summary

Chicago SRW Wheat Futures have staged a strong rally, with price surging above all key moving averages and breaking out of the February NTZ to new swing highs. The fast momentum and large bar size reflect aggressive buying, likely fueled by a combination of technical breakout and possible seasonal or news-driven catalysts. All major trend metrics (short, intermediate, and long-term) are aligned to the upside, with swing pivots confirming an uptrend and resistance levels being taken out. The recent long trade signals coincide with this breakout, and volatility (ATR) is elevated, suggesting increased participation and potential for continued movement. Volume is robust, supporting the price advance. The market is in a clear bullish phase, with higher highs and higher lows, and no immediate signs of exhaustion or reversal on the chart.