ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Apr-09 07:14 CT

Price Action

• Last: 587.50,
• Bars: Medium,
• Mom: Momentum average.

WSFG Weekly

• Short-Term
• WSFG Current: -36%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Apr

• Intermediate-Term
• MSFG Current: -57%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 28%
• F0%/NTZ' Bias: Price Above,
• YSFG Trend: Up.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt low 611.50,
• 4. Pvt. Next: Pvt high 611.50,
• 5. Levels R: 641.75, 625.00, 611.50,
• 6. Levels S: 575.50, 564.50, 524.50, 502.75, 501.25.

Daily Benchmarks

• (Short-Term) 5 Day: 593 Up Trend,
• (Short-Term) 10 Day: 590 Down Trend,
• (Intermediate-Term) 20 Day: 598.98 Down Trend,
• (Intermediate-Term) 55 Day: 575.50 Up Trend,
• (Long-Term) 100 Day: 549.67 Up Trend,
• (Long-Term) 200 Day: 540.75 Up Trend.

Additional Metrics

• ATR: 51,
• VOLMA: 77996.

Recent Trade Signals

• 07 Apr 2026: Short ZW 05-26 @ 592.5 Signals.USAR-WSFG
• 01 Apr 2026: Short ZW 05-26 @ 603 Signals.USAR.TR120

Overall Rating

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

Key Insights Summary

The ZW Chicago SRW Wheat Futures market is currently experiencing a short- and intermediate-term downtrend, as indicated by both the WSFG and MSFG trends, with price action below the NTZ/F0% levels for the week and month. The most recent swing pivots confirm a downward trend, with resistance levels established at 641.75, 625.00, and 611.50, and support levels at 575.50 and below. The daily benchmarks show mixed signals: while the 5-day MA is trending up, the 10- and 20-day MAs are trending down, reinforcing short-term bearishness. However, the 55-, 100-, and 200-day MAs remain in uptrends, supporting a longer-term bullish structure. Recent trade signals have triggered short entries, aligning with the prevailing short-term momentum. Volatility remains moderate (ATR 51), and volume is steady. Overall, the market is in a corrective phase within a broader uptrend, with sellers currently in control but longer-term buyers still present. Swing traders should note the potential for further downside toward support, but also be aware of the underlying long-term bullish context.