ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Feb-24 07:13 CT

Price Action

• Last: 574.75,
• Bars: Large,
• Mom: Momentum fast.

WSFG Weekly

• Short-Term
• WSFG Current: -13%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Feb

• Intermediate-Term
• MSFG Current: 86%
• F0%/NTZ' Bias: Price Above,
• MSFG Trend: Up.

YSFG Year 2026

• Long-Term
• YSFG Current: 22%
• 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 580.0,
• 4. Pvt. Next: Pvt Low 551.50,
• 5. Levels R: 580.0, 574.75, 548.69,
• 6. Levels S: 540.85, 533.80, 530.26.

Daily Benchmarks

• (Short-Term) 5 Day: 553.25 Up Trend,
• (Short-Term) 10 Day: 550.75 Up Trend,
• (Intermediate-Term) 20 Day: 540.85 Up Trend,
• (Intermediate-Term) 55 Day: 530.26 Up Trend,
• (Long-Term) 100 Day: 548.69 Up Trend,
• (Long-Term) 200 Day: 568.70 Down Trend.

Additional Metrics

• ATR: 51,
• VOLMA: 77,996.

Recent Trade Signals

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

Overall Rating

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

Key Insights Summary

The ZW Chicago SRW Wheat Futures daily chart shows a strong bullish momentum in the short and intermediate term, with price recently breaking above key resistance levels and printing large, fast-moving bars. The current swing pivot trend is up, with the most recent pivot high at 580.0 and the next potential pivot low at 551.50, indicating a robust upward move. All short- and intermediate-term moving averages are trending up, supporting the bullish structure, while the 200-day MA remains slightly down but is being approached by price. The MSFG and YSFG both show price above their respective NTZ/F0% levels, confirming the uptrend on monthly and yearly timeframes. Recent trade signals have triggered long entries, aligning with the prevailing trend. Volatility (ATR) is elevated, and volume is supportive of the move. Overall, the market is in a strong rally phase, with higher highs and higher lows, and is currently testing upper resistance zones after a sharp breakout from consolidation.