ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Apr-23 07:12 CT

Price Action

• Last: 612.00,
• Bars: Medium,
• Mom: Momentum average.

WSFG Weekly

• Short-Term
• WSFG Current: 23%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month Apr

• Intermediate-Term
• MSFG Current: -29%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 34%
• F0%/NTZ' Bias: Price Above,
• YSFG Trend: Up.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: Neutral,
• 3. Pvt. Evolve: Pvt High 633.25,
• 4. Pvt. Next: Pvt Low 575.75,
• 5. Levels R: 650.00, 633.25, 621.25, 614.75, 606.50, 600.00,
• 6. Levels S: 588.59, 575.75, 572.75, 550.50, 530.25, 509.50.

Daily Benchmarks

• (Short-Term) 5 Day: 598.75 Up Trend,
• (Short-Term) 10 Day: 603.75 Up Trend,
• (Intermediate-Term) 20 Day: 603.48 Up Trend,
• (Intermediate-Term) 55 Day: 588.25 Up Trend,
• (Long-Term) 100 Day: 562.37 Up Trend,
• (Long-Term) 200 Day: 557.78 Up Trend.

Additional Metrics

• ATR: 51,
• VOLMA: 77996.

Recent Trade Signals

• 21 Apr 2026: Long ZW 07-26 @ 611 Signals.USAR-WSFG
• 17 Apr 2026: Short ZW 05-26 @ 589.25 Signals.USAR.TR120

Overall Rating

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

Key Insights Summary

The ZW Chicago SRW Wheat Futures daily chart shows a market in transition, with short-term momentum favoring the bulls as evidenced by the recent long signal and a clear uptrend in all benchmark moving averages. Price is currently trading above the weekly and yearly session fib grid centers, reinforcing the bullish short- and long-term outlooks. However, the intermediate-term (monthly) trend remains down, with price still below the monthly fib grid center, suggesting some resistance to further upside in the near term. Swing pivots indicate the current trend is up, but with resistance levels stacking above and the next key support at 575.75. Volatility is moderate, and volume is steady. The market has recently rebounded from a pullback, forming higher lows and pushing toward resistance, but faces a cluster of resistance levels between 614.75 and 650.00. Overall, the structure suggests a bullish bias in the short and long term, with the intermediate-term trend still needing confirmation of a sustained breakout above monthly resistance.