ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-May-26 07:10 CT

Price Action

• Last: 634.00,
• Bars: Large,
• Mom: Fast.

WSFG Weekly

• Short-Term
• WSFG Current: -1%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month May

• Intermediate-Term
• MSFG Current: -5%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 46%
• F0%/NTZ' Bias: Price Above,
• YSFG Trend: Up.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt Low 636.00,
• 4. Pvt. Next: Pvt High 681.00,
• 5. Levels R: 688.25, 679.50, 681.00,
• 6. Levels S: 636.00, 631.50, 605.25, 575.75, 572.75.

Daily Benchmarks

• (Short-Term) 5 Day: 657.25 Down Trend,
• (Short-Term) 10 Day: 656.75 Down Trend,
• (Intermediate-Term) 20 Day: 645.75 Down Trend,
• (Intermediate-Term) 55 Day: 619.50 Up Trend,
• (Long-Term) 100 Day: 586.25 Up Trend,
• (Long-Term) 200 Day: 564.50 Up Trend.

Additional Metrics

• ATR: 51,
• VOLMA: 77996.

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

Overall Rating

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

Key Insights Summary

Chicago SRW wheat is trading in a sharp daily downside swing after a strong May run-up, with price now back below the weekly and monthly F0%/NTZ midlines and pressed under the fast benchmarks. The short-term pivot structure has rolled into a DTrend with lower highs and a fresh lower-low sequence, while the 20-day remains below price and the 55/100/200-day stack still reflects a broader constructive year-long uptrend. The tape shows a large-range reversal from the recent peak, with volatility elevated and the current bar sitting near the lower end of the active monthly range. From a swing-trader perspective, the near-term structure is corrective and heavy, but the longer-term trend context remains upward until the year-scale structure fully unwinds.