ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-May-11 07:10 CT
Price Action
- Last: 619.70,
- Bars: Medium,
- Mom: Average.
WSFG Weekly
- Short-Term
- WSFG Current: 11%
- F0%/NTZ' Bias: Price Above,
- WSFG Trend: Up.
MSFG Month May
- Intermediate-Term
- MSFG Current: -22%
- F0%/NTZ' Bias: Price Below,
- MSFG Trend: Down.
YSFG Year 2026
- Long-Term
- YSFG Current: 40%
- 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 605.25,
- 4. Pvt. Next: Pvt High 640.75,
- 5. Levels R: 1211.25, 1165.50, 1042.50, 1041.00, 988.50,
- 6. Levels S: 605.25, 575.75, 572.75, 530.25, 515.00.
Daily Benchmarks
- (Short-Term) 5 Day: 623.50 Down Trend,
- (Short-Term) 10 Day: 633.25 Down Trend,
- (Intermediate-Term) 20 Day: 619.75 Up Trend,
- (Intermediate-Term) 55 Day: 603.25 Up Trend,
- (Long-Term) 100 Day: 580.00 Up Trend,
- (Long-Term) 200 Day: 560.00 Up Trend.
Additional Metrics
- ATR: 68,
- VOLMA: 87357.13.
Recent Trade Signals
- 06 May 2026: Short ZW 07-26 @ 613.75 Signals.USAR.TR720
- 05 May 2026: Short ZW 07-26 @ 626.5 Signals.USAR-MSFG
- 05 May 2026: Short ZW 07-26 @ 626.5 Signals.USAR.TR120
- 05 May 2026: Short ZW 07-26 @ 632.5 Signals.USAR-WSFG
Overall Rating
- Short-Term: Bearish,
- Intermediate-Term: Neutral,
- Long-Term: Bullish.
Key Insights Summary
Wheat is trading in a volatile swing structure after a sharp run-up into the 670 area and a fast retracement back toward the low 620s. Short-term price action is weakening with the market below the 5-day and 10-day benchmarks and the pivot trend turned down, matching the recent short trade signals across the short, monthly, and longer swing frameworks. Intermediate-term structure is mixed: price remains above the 20-day and 55-day averages, but the monthly session fib grid is still below its midpoint and the latest pivot sequence shows a pullback from the prior high, keeping the tape in a corrective phase rather than a clean trend continuation. Long-term structure remains constructive because price is above the 100-day and 200-day benchmarks and the yearly fib bias stays above the midpoint, so the broader trend is still upward even as the current leg is digesting the prior rally.
Chart Analysis ATS AI Generated: 2026-05-11 07:10 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.