ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-May-12 07:09 CT

Price Action

• Last: 647.00,
• Bars: Large,
• Mom: Fast.

WSFG Weekly

• Short-Term
• WSFG Current: 63%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month May

• Intermediate-Term
• MSFG Current: 7%
• F0%/NTZ' Bias: Price Above,
• MSFG Trend: Up.

YSFG Year 2026

• Long-Term
• YSFG Current: 48%
• 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 648.00,
• 4. Pvt. Next: Pvt Low 612.00,
• 5. Levels R: 1211.25, 1165.50, 1042.50, 1041.00, 988.50, 621.88.
• 6. Levels S: 605.25, 575.75, 572.75, 530.25, 515.00, 509.50.

Daily Benchmarks

• (Short-Term) 5 Day: 622.00 Up Trend,
• (Short-Term) 10 Day: 633.75 Up Trend,
• (Intermediate-Term) 20 Day: 622.00 Up Trend,
• (Intermediate-Term) 55 Day: 604.50 Up Trend,
• (Long-Term) 100 Day: 573.75 Up Trend,
• (Long-Term) 200 Day: 560.25 Up Trend.

Additional Metrics

• ATR: 69,
• VOLMA: 59652.45.

Recent Trade Signals

• 11 May 2026: Long ZW 07-26 @ 628.5 Signals.USAR-WSFG
• 06 May 2026: Short ZW 07-26 @ 613.75 Signals.USAR.TR720
• 05 May 2026: Short ZW 07-26 @ 626.5 Signals.USAR.TR120
• 05 May 2026: Short ZW 07-26 @ 626.5 Signals.USAR-MSFG

Overall Rating

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

Key Insights Summary

The daily structure remains in a strong bullish swing sequence with price reclaiming the upper band of the monthly session grid and pressing into new pivot-high territory near 648.00. The benchmark stack is aligned in upward slope from 5-day through 200-day, reinforcing a sustained trend regime rather than a mean-reversion setup. Swing pivot context shows UTrend across both short-term and intermediate-term measures, while the next pivot reference sits lower at 612.00, reflecting the most recent expansion move and the market’s tendency to alternate between sharp trend legs and brief corrective retracements. The trade signal history shows a recent long trigger after prior short signals, matching the rebound back through the higher moving averages and the renewed push toward resistance.