ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-May-20 07:09 CT

Price Action

• Last: 675.50,
• Bars: Large,
• Mom: fast.

WSFG Weekly

• Short-Term
• WSFG Current: 44%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month May

• Intermediate-Term
• MSFG Current: 37%
• F0%/NTZ' Bias: Price Above,
• MSFG Trend: Up.

YSFG Year 2026

• Long-Term
• YSFG Current: 57%
• 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 679.50,
• 4. Pvt. Next: Pvt Low 636.50,
• 5. Levels R: 1165.50, 1042.50, 1041.00, 986.50, 868.25,
• 6. Levels S: 831.50, 605.25, 575.75, 572.25, 530.25.

Daily Benchmarks

• (Short-Term) 5 Day: 680.25 Up Trend,
• (Short-Term) 10 Day: 648.25 Up Trend,
• (Intermediate-Term) 20 Day: 639.25 Up Trend,
• (Intermediate-Term) 55 Day: 616.00 Up Trend,
• (Long-Term) 100 Day: 582.50 Up Trend,
• (Long-Term) 200 Day: 563.00 Up Trend.

Additional Metrics

• ATR: 51,
• VOLMA: 77996.

Recent Trade Signals

• 18 May 2026: Long ZW 07-26 @ 663 Signals.USAR.TR120
• 18 May 2026: Long ZW 07-26 @ 657.75 Signals.USAR-WSFG
• 15 May 2026: Short ZW 07-26 @ 633.75 Signals.USAR-MSFG
• 12 May 2026: Long ZW 07-26 @ 651.75 Signals.USAR.TR720

Overall Rating

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

Key Insights Summary

Wheat is in a strong bullish swing structure with price pressing into the upper end of the current month session fib zone after a sharp May rally and a fast upside impulse off the early-May base. The pivot sequence remains in uptrend across short and intermediate horizons, with higher highs and higher lows dominating the tape and the latest pivot extension holding the market near recent resistance. Daily benchmarks are aligned in bullish order, with price above all major moving averages and the shorter averages still pointing higher, reinforcing trend continuation rather than mean reversion. The recent trade signals show repeated long alignment across short-, intermediate-, and long-cycle systems, while the larger candle size and elevated ATR reflect a lively, fast market with strong directional momentum.