ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Jun-03 07:10 CT
Price Action
- Last: 597.50,
- Bars: Large,
- Mom: Fast.
WSFG Weekly
- Short-Term
- WSFG Current: -16%
- F0%/NTZ' Bias: Price Below,
- WSFG Trend: Down.
MSFG Month Jun
- Intermediate-Term
- MSFG Current: -10%
- 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 597.00,
- 4. Pvt. Next: Pvt High 631.50,
- 5. Levels R: 688.25, 679.50, 642.00, 616.50, 597.00,
- 6. Levels S: 597.00, 575.75, 572.75, 530.25, 515.00.
Daily Benchmarks
- (Short-Term) 5 Day: 613.75 Down Trend,
- (Short-Term) 10 Day: 632.50 Down Trend,
- (Intermediate-Term) 20 Day: 637.50 Down Trend,
- (Intermediate-Term) 55 Day: 619.00 Down Trend,
- (Long-Term) 100 Day: 592.25 Up Trend,
- (Long-Term) 200 Day: 586.25 Up Trend.
Additional Metrics
- ATR: 81.00,
- VOLMA: 77996.
Recent Trade Signals
- 03 Jun 2026: Short ZW 07-26 @ 601.75 Signals.USAR-WSFG
- 03 Jun 2026: Short ZW 07-26 @ 597.5 Signals.USAR-MSFG
- 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
Price has rolled over sharply from the late-May/early-June highs and is now pressing back into the lower part of the monthly and weekly session fib structure. The short-term pivot structure remains in DTrend with lower highs and lower lows, while the 20/55-day benchmarks are still sloping down, reinforcing a bearish swing tone. At the same time, the 100-day and 200-day benchmarks remain in up-trend alignment, so the higher-timeframe backdrop is still constructive even as the current daily cycle corrects. Volume remains active and ATR is elevated, consistent with a wide-range, impulsive selloff phase rather than a quiet consolidation. The chart is currently centered below the weekly and monthly f0% NTZ levels, with the next meaningful pivot reference near 631.50 and layered resistance overhead around 642.00, 679.50, and 688.25, reflecting a market that is still working through a retracement after a strong rally leg.
Chart Analysis ATS AI Generated: 2026-06-03 07:10 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.