ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-May-28 07:09 CT

Price Action

• Last: 618.25,
• Bars: Large,
• Mom: Fast.

WSFG Weekly

• Short-Term
• WSFG Current: -28%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month May

• Intermediate-Term
• MSFG Current: -24%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 40%
• 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 618.00,
• 4. Pvt. Next: Pvt High 661.00,
• 5. Levels R: 1165.50, 1042.50, 1041.00, 986.50, 886.25,
• 6. Levels S: 618.00, 605.25, 575.75, 530.25.

Daily Benchmarks

• (Short-Term) 5 Day: 642.50 Down Trend,
• (Short-Term) 10 Day: 651.25 Down Trend,
• (Intermediate-Term) 20 Day: 634.75 Down Trend,
• (Intermediate-Term) 55 Day: 620.25 Up Trend,
• (Long-Term) 100 Day: 588.50 Up Trend,
• (Long-Term) 200 Day: 565.25 Up Trend.

Additional Metrics

• ATR: 51,
• VOLMA: 77996.

Recent Trade Signals

• 27 May 2026: Short ZW 07-26 @ 624.25 Signals.USAR.TR720
• 27 May 2026: Short ZW 07-26 @ 631.75 Signals.USAR-MSFG
• 21 May 2026: Short ZW 07-26 @ 652.5 Signals.USAR.TR120

Overall Rating

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

Key Insights Summary

Wheat futures remain in a corrective daily downswing after a sharp May reversal from the 680s, with price now pressing back toward the lower pivot/support band near 618. The weekly and monthly session fib grids both sit below their F0%/NTZ centers, keeping the short- and intermediate-term structure bearish, while the broader yearly grid remains constructive and still above its midpoint. The swing pivot model has flipped to DTrend, with a lower pivot now in force and the next pivot reference still marked as a higher high at 661.00. Daily benchmarks show price below the 5, 10, and 20 day averages, with only the 55, 100, and 200 day measures supporting the broader uptrend backdrop, reflecting a market that is trending lower inside a larger bullish cycle. Recent short signals across TR120, MSFG, and TR720 confirm the downside phase, and the chart character is that of a volatile selloff with prior rally legs now giving way to lower highs, lower lows, and retracement failure near overhead resistance.