ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Jun-02 07:09 CT
Price Action
- Last: 602.25,
- Bars: Large,
- Mom: Fast.
WSFG Weekly
- Short-Term
- WSFG Current: -18%
- F0%/NTZ' Bias: Price Below,
- WSFG Trend: Down.
MSFG Month Jun
- Intermediate-Term
- MSFG Current: -11%
- F0%/NTZ' Bias: Price Below,
- MSFG Trend: Down.
YSFG Year 2026
- Long-Term
- YSFG Current: 32%
- 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 602.25,
- 4. Pvt. Next: Pvt High 638.75,
- 5. Levels R: 1165.50, 1042.50, 1041.00, 986.50, 868.25,
- 6. Levels S: 602.25, 575.75, 572.75, 530.25, 515.00.
Daily Benchmarks
- (Short-Term) 5 Day: 620.25 Down Trend,
- (Short-Term) 10 Day: 638.75 Down Trend,
- (Intermediate-Term) 20 Day: 639.25 Down Trend,
- (Intermediate-Term) 55 Day: 619.50 Down Trend,
- (Long-Term) 100 Day: 591.50 Up Trend,
- (Long-Term) 200 Day: 566.00 Up Trend.
Additional Metrics
- ATR: 81.00,
- VOLMA: 77996.
Recent Trade Signals
- 02 Jun 2026: Short ZW 07-26 @ 603.5 Signals.USAR-MSFG
- 01 Jun 2026: Short ZW 07-26 @ 608.25 Signals.USAR-WSFG
- 27 May 2026: Short ZW 07-26 @ 624.25 Signals.USAR.TR720
Overall Rating
- Short-Term: Bearish,
- Intermediate-Term: Bearish,
- Long-Term: Bullish.
Key Insights Summary
Wheat is in a sharp daily selloff with large bars and fast momentum after failing back below the monthly and weekly session fib grids. The short-term pivot structure remains in DTrend with price pressing into the lower support band near 602.25 after a sequence of lower highs and lower lows. Benchmarks show the front end of the curve softening under the 5, 10, 20, and 55 day averages, while the 100 and 200 day averages still slope higher, keeping the longer horizon trend constructive even as the current swing leg is corrective. The recent trade signals align with the downside break in both weekly and monthly structure, while the yearly grid remains above its F0% zone, reflecting that the broader 2026 trend is still positive despite the current retracement.
Chart Analysis ATS AI Generated: 2026-06-02 07:10 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.