ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-May-18 07:09 CT
Price Action
- Last: 632.00,
- Bars: Large,
- Mom: Fast.
WSFG Weekly
- Short-Term
- WSFG Current: 21%
- F0%/NTZ' Bias: Price Above,
- WSFG Trend: Up.
MSFG Month May
- Intermediate-Term
- MSFG Current: 21%
- F0%/NTZ' Bias: Price Above,
- MSFG Trend: Up.
YSFG Year 2026
- Long-Term
- YSFG Current: 53%
- 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 631.50,
- 4. Pvt. Next: Pvt High 671.50,
- 5. Levels R: 1211.25, 1165.50, 1042.50, 1041.00, 988.50,
- 6. Levels S: 831.50, 605.25, 575.75, 572.25, 530.25.
Daily Benchmarks
- (Short-Term) 5 Day: 656.50 Down Trend,
- (Short-Term) 10 Day: 640.00 Down Trend,
- (Intermediate-Term) 20 Day: 633.75 Up Trend,
- (Intermediate-Term) 55 Day: 612.00 Up Trend,
- (Long-Term) 100 Day: 578.75 Up Trend,
- (Long-Term) 200 Day: 582.00 Up Trend.
Additional Metrics
- ATR: 83.25,
- VOLMA: 77996.
Recent Trade Signals
- 18 May 2026: Long ZW 07-26 @ 655.75 Signals.USAR-WSFG
- 15 May 2026: Short ZW 07-26 @ 633.75 Signals.USAR-MSFG
- 14 May 2026: Short ZW 07-26 @ 654.5 Signals.USAR.TR120
- 12 May 2026: Long ZW 07-26 @ 651.75 Signals.USAR.TR720
Overall Rating
- Short-Term: Bearish,
- Intermediate-Term: Bullish,
- Long-Term: Bullish.
Key Insights Summary
Wheat is still in a broad uptrend structure, with the monthly and yearly session fib grids holding above their f0% zones and the intermediate and long benchmark averages stacked higher. The latest daily price action shows a sharp selloff from the recent peak into the low 630s, leaving the short-term pivot trend in DTrend even as the broader HiLo structure remains UTrend. That creates a mixed tape: near-term momentum has rolled over, but the larger swing framework still reflects higher-timeframe strength. The 5 and 10 day benchmarks have turned lower, while the 20, 55, 100, and 200 day averages remain rising, matching a market that is pulling back inside an established uptrend rather than breaking it. Recent signals also show a rotation from long to short and back to long across different horizons, consistent with a choppy but trend-resilient swing environment.
Chart Analysis ATS AI Generated: 2026-05-18 07:10 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.