ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-May-15 07:09 CT

Price Action

• Last: 650.25,
• 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: 11%
• F0%/NTZ' Bias: Price Above,
• MSFG Trend: Up.

YSFG Year 2026

• Long-Term
• YSFG Current: 49%
• 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 648.75,
• 4. Pvt. Next: Pvt High 688.25,
• 5. Levels R: 1211.25, 1165.50, 1042.50, 1041.00, 988.50,
• 6. Levels S: 648.75, 605.25, 575.75, 572.25, 530.25.

Daily Benchmarks

• (Short-Term) 5 Day: 653.00 Up Trend,
• (Short-Term) 10 Day: 640.25 Up Trend,
• (Intermediate-Term) 20 Day: 632.05 Up Trend,
• (Intermediate-Term) 55 Day: 611.25 Up Trend,
• (Long-Term) 100 Day: 578.50 Up Trend,
• (Long-Term) 200 Day: 561.75 Up Trend.

Additional Metrics

• ATR: 51,
• VOLMA: 77996.

Recent Trade Signals

• 14 May 2026: Short ZW 07-26 @ 654.5 Signals.USAR.TR120
• 12 May 2026: Long ZW 07-26 @ 651.75 Signals.USAR.TR720
• 12 May 2026: Long ZW 07-26 @ 651.75 Signals.USAR-MSFG
• 11 May 2026: Long ZW 07-26 @ 628.5 Signals.USAR-WSFG

Overall Rating

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

Key Insights Summary

Wheat remains in a broad constructive uptrend with price holding above the weekly, monthly, and yearly fib-grid reference zones, while the moving-average stack is firmly aligned higher from 5-day through 200-day. The most recent action shows a strong rally into the upper pivot zone near 688.25 followed by a sharp pullback to 650.25, leaving the short-term pivot trend in DTrend even as the broader HiLo structure stays bullish. The chart still reflects an impulsive trend sequence with higher highs and higher lows across the larger swing frame, and the recent short-term reversal is best viewed against a dominant multi-timeframe uptrend rather than a failed trend structure. Volatility is elevated and volume participation remains active, consistent with a market that has recently expanded out of consolidation and is now digesting gains near prior swing resistance.