ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-May-01 07:09 CT

Price Action

• Last: 639.00,
• Bars: Large,
• Mom: fast.

WSFG Weekly

• Short-Term
• WSFG Current: 74%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month May

• Intermediate-Term
• MSFG Current: -4%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 45%
• F0%/NTZ' Bias: Price Above,
• YSFG Trend: Up.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt Low 634.00,
• 4. Pvt. Next: Pvt High 686.50,
• 5. Levels R: 1211.25, 1165.50, 1042.50, 1041.00, 986.50,
• 6. Levels S: 634.00, 575.75, 572.75, 530.25, 515.00.

Daily Benchmarks

• (Short-Term) 5 Day: 638.75 Down Trend,
• (Short-Term) 10 Day: 624.00 Up Trend,
• (Intermediate-Term) 20 Day: 610.25 Up Trend,
• (Intermediate-Term) 55 Day: 598.00 Up Trend,
• (Long-Term) 100 Day: 587.75 Up Trend,
• (Long-Term) 200 Day: 559.00 Up Trend.

Additional Metrics

• ATR: 62,
• VOLMA: 92116.

Recent Trade Signals

• 30 Apr 2026: Short ZW 07-26 @ 646.25 Signals.USAR.TR120
• 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: Bearish,
• Intermediate-Term: Bearish,
• Long-Term: Bullish.

Key Insights Summary

The chart shows a sharp rally into early May followed by a fast rejection from the recent highs, with the pivot structure flipping back to a short-term downtrend while the broader pivot hierarchy remains constructive. Price is holding well above the 20, 55, 100, and 200-day benchmarks, which keeps the longer trend positive, but the May monthly session fib grid is below its f0% line and still tracks a bearish intermediate posture. Weekly session context remains supportive, creating a mixed tape where the short-term is corrective against a still-improving long-term trend. Recent signals reflect that transition clearly: the sequence moved from weekly and monthly long triggers into a short-term short at the end of April, matching the current pullback and elevated volatility.