ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Jun-04 07:09 CT

Price Action

• Last: 601.75,
• Bars: Large,
• Mom: Fast.

WSFG Weekly

• Short-Term
• WSFG Current: -56%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Jun

• Intermediate-Term
• MSFG Current: -32%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 25%
• 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 581.25,
• 4. Pvt. Next: Pvt High 614.25,
• 5. Levels R: 1165.50, 1042.50, 1041.00, 986.50, 886.25,
• 6. Levels S: 581.25, 575.75, 572.75, 530.25, 515.00.

Daily Benchmarks

• (Short-Term) 5 Day: 606.75 Down Trend,
• (Short-Term) 10 Day: 624.50 Down Trend,
• (Intermediate-Term) 20 Day: 635.50 Down Trend,
• (Intermediate-Term) 55 Day: 617.75 Down Trend,
• (Long-Term) 100 Day: 592.75 Down Trend,
• (Long-Term) 200 Day: 586.50 Up Trend.

Additional Metrics

• ATR: 51,
• 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: Neutral.

Key Insights Summary

The chart shows a sharp reversal from the recent May high area into a fast downside sequence, with price now pressing back through the lower end of the June monthly fib zone and sitting below the 5, 10, 20, and 55 day benchmarks. Short-term swing structure remains in DTrend with the pivot map still pointing to a lower-high, lower-low sequence, while the recent trade signals confirm downside bias across the weekly and monthly session fib grids. The longer-term backdrop is less one-sided because price remains above the 100 and 200 day benchmarks, so the bigger picture is still mixed-to-up despite the current selloff. Momentum is strong to the downside, volume has expanded on the break, and the current action reflects a retracement from a prior rally with failed tests near the upper pivot band and a continued slide toward lower support references.