ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Jun-08 07:08 CT

Price Action

• Last: 576.25,
• Bars: Large,
• Mom: fast.

WSFG Weekly

• Short-Term
• WSFG Current: -6%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Jun

• Intermediate-Term
• MSFG Current: -41%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 22%
• 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 574.75,
• 4. Pvt. Next: Pvt High 604.75,
• 5. Levels R: 1165.50, 1042.50, 1041.00, 986.50, 886.25,
• 6. Levels S: 574.75, 572.75, 530.25, 515.00, 509.50.

Daily Benchmarks

• (Short-Term) 5 Day: 592.25 Down Trend,
• (Short-Term) 10 Day: 610.00 Down Trend,
• (Intermediate-Term) 20 Day: 622.00 Down Trend,
• (Intermediate-Term) 55 Day: 615.25 Down Trend,
• (Long-Term) 100 Day: 594.00 Down Trend,
• (Long-Term) 200 Day: 568.75 Up Trend.

Additional Metrics

• ATR: 51,
• VOLMA: 77996.

Recent Trade Signals

• 08 Jun 2026: Short ZW 07-26 @ 576.25 Signals.USAR-WSFG
• 03 Jun 2026: Short ZW 07-26 @ 597.5 Signals.USAR-MSFG

Overall Rating

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

Key Insights Summary

Price action shows a strong downside impulse from the recent May high into early June, with a large bearish candle sequence pressing price back into the lower pivot band near 576.25. Short-term structure is negative as price sits below the weekly fib bias and beneath the 5, 10, 20, 55, and 100 day benchmarks, while the pivot framework remains in DTrend with the next reversal level still pointing to a pivot high above current price. Intermediate-term momentum is also bearish because June MSFG is deep below its F0%/NTZ center and the monthly structure remains under pressure after a failed recovery. Long-term structure is mixed to slightly constructive only because the 200 day benchmark remains in up trend and the yearly fib bias is still above F0%, but the current tape is trading well below the major active moving averages, keeping the broader swing picture heavy and corrective.