ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Apr-28 07:10 CT

Price Action

• Last: 639.75,
• Bars: Large,
• Mom: fast.

WSFG Weekly

• Short-Term
• WSFG Current: 69%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month Apr

• Intermediate-Term
• MSFG Current: 22%
• F0%/NTZ' Bias: Price Above,
• MSFG Trend: Up.

YSFG Year 2026

• Long-Term
• YSFG Current: 45%
• 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 643.75,
• 4. Pvt. Next: Pvt Low 614.25,
• 5. Levels R: 1211.25, 1165.50, 1042.50, 1041.00, 988.50,
• 6. Levels S: 575.75, 572.75, 530.25, 515.00, 509.50.

Daily Benchmarks

• (Short-Term) 5 Day: 617.25 Up Trend,
• (Short-Term) 10 Day: 610.00 Up Trend,
• (Intermediate-Term) 20 Day: 605.25 Up Trend,
• (Intermediate-Term) 55 Day: 592.00 Up Trend,
• (Long-Term) 100 Day: 564.75 Up Trend,
• (Long-Term) 200 Day: 558.10 Up Trend.

Additional Metrics

• ATR: 84.75,
• VOLMA: 59030.83.

Recent Trade Signals

• 28 Apr 2026: Long ZW 07-26 @ 640 Signals.USAR-MSFG
• 27 Apr 2026: Long ZW 07-26 @ 621.25 Signals.USAR-WSFG
• 23 Apr 2026: Long ZW 07-26 @ 617.75 Signals.USAR.TR720

Overall Rating

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

Key Insights Summary

Wheat futures remain in a strong upside swing with price pressing near the recent 643.75 pivot high after reclaiming and holding above the 20-, 55-, 100-, and 200-day benchmarks. The structure shows a clear sequence of higher lows and higher highs through March and April, with a sharp rally from the 615 area, a brief retracement, and then renewed upside expansion into late April. Weekly, monthly, and yearly session fib bias all remain above the F0%/NTZ midpoint, reinforcing the dominant bullish context. Momentum is fast, ATR is elevated, and the pivot trend stays upward, indicating an active trend phase rather than a quiet consolidation.