ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-May-22 07:09 CT
Price Action
- Last: 644.00,
- Bars: Large,
- Mom: Fast.
WSFG Weekly
- Short-Term
- WSFG Current: -5%
- F0%/NTZ' Bias: Price Below,
- WSFG Trend: Down.
MSFG Month May
- Intermediate-Term
- MSFG Current: 4%
- 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 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: 631.50, 605.25, 575.75, 572.25, 530.25.
Daily Benchmarks
- (Short-Term) 5 Day: 655.00 Down Trend,
- (Short-Term) 10 Day: 654.00 Down Trend,
- (Intermediate-Term) 20 Day: 643.30 Up Trend,
- (Intermediate-Term) 55 Day: 618.50 Up Trend,
- (Long-Term) 100 Day: 585.00 Up Trend,
- (Long-Term) 200 Day: 564.00 Up Trend.
Additional Metrics
Recent Trade Signals
- 21 May 2026: Short ZW 07-26 @ 652.5 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
Overall Rating
- Short-Term: Neutral,
- Intermediate-Term: Bullish,
- Long-Term: Bullish.
Key Insights Summary
Wheat is in a strong multi-month advance with the daily structure still holding an upside swing trend while price remains above the 20, 55, 100, and 200 day benchmarks. The recent pullback from the late-May high created a fast retracement back into the upper part of the May MSFG zone, leaving the market in a testing-and-rejection phase rather than a clean breakdown. Short-term tone is mixed because the weekly session grid is still below F0% and pointing down, while the monthly and yearly session grids remain above F0% and constructive. Swing pivot structure remains favorable, with the latest major pivot high confirmed and the next pivot objective now focused on the lower reversal level near 636.50. The chart shows an extended rally sequence with alternating impulse legs and corrective swings, consistent with a trending but rotational futures market that is still digesting prior gains.
Chart Analysis ATS AI Generated: 2026-05-22 07:09 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.