ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Apr-24 07:09 CT

Price Action

• Last: 618.50,
• Bars: Medium,
• Mom: Momentum average.

WSFG Weekly

• Short-Term
• WSFG Current: 42%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month Apr

• Intermediate-Term
• MSFG Current: -18%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 37%
• 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 618.25,
• 4. Pvt. Next: Pvt Low 595.75,
• 5. Levels R: 633.25, 650.00,
• 6. Levels S: 589.72, 575.75, 572.75, 530.25, 509.50.

Daily Benchmarks

• (Short-Term) 5 Day: 604.19 Up Trend,
• (Short-Term) 10 Day: 602.25 Up Trend,
• (Intermediate-Term) 20 Day: 604.19 Up Trend,
• (Intermediate-Term) 55 Day: 563.08 Up Trend,
• (Long-Term) 100 Day: 557.91 Up Trend,
• (Long-Term) 200 Day: 568 Down Trend.

Additional Metrics

• ATR: 51,
• VOLMA: 77996.

Recent Trade Signals

• 23 Apr 2026: Long ZW 07-26 @ 617.75 Signals.USAR.TR720
• 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 price action pushes above key weekly and yearly session fib grid levels. The current swing pivot trend is up, with the most recent pivot high at 618.25 and resistance overhead at 633.25 and 650.00. Support is layered below at 589.72 and 575.75, indicating a well-defined range for potential retracements. All short- and intermediate-term moving averages are trending up, reinforcing the bullish short-term outlook, while the 200-day MA remains in a downtrend, suggesting the longer-term trend is still in the process of reversing. The intermediate-term (monthly) fib grid trend is down, reflecting some consolidation or corrective action within the broader uptrend. Recent trade signals have shifted to the long side, aligning with the upward momentum and breakout attempts. Volatility remains moderate, and volume is supportive of the recent move. Overall, the market is showing signs of a bullish continuation in the short and long term, but the intermediate-term trend is neutral, indicating the potential for further consolidation or pullbacks before a sustained move higher.