ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Jun-10 07:11 CT

Price Action

• Last: 587.75,
• Bars: Medium,
• Mom: slow.

WSFG Weekly

• Short-Term
• WSFG Current: 29%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month Jun

• Intermediate-Term
• MSFG Current: -22%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 29%
• 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 603.25,
• 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: 583.50 Up Trend,
• (Short-Term) 10 Day: 598.75 Down Trend,
• (Intermediate-Term) 20 Day: 627.75 Down Trend,
• (Intermediate-Term) 55 Day: 613.00 Down Trend,
• (Long-Term) 100 Day: 595.25 Down Trend,
• (Long-Term) 200 Day: 569.25 Up Trend.

Additional Metrics

• ATR: 51,
• VOLMA: 77996.

Recent Trade Signals

• 10 Jun 2026: Long ZW 07-26 @ 587.75 Signals.USAR-WSFG
• 09 Jun 2026: Long ZW 07-26 @ 590.5 Signals.USAR.TR120
• 03 Jun 2026: Short ZW 07-26 @ 597.5 Signals.USAR-MSFG

Overall Rating

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

Key Insights Summary

The daily structure shows a sharp drop from the May peak into early June, followed by a modest rebound from the 574.75 pivot low. Short-term sentiment is trying to stabilize, but the pivot trend remains in a down phase and price is still trading under the monthly session fib bias, keeping the intermediate picture soft. Benchmark alignment is mixed: the 5-day is improving, while the 10-, 20-, 55-, and 100-day averages remain overhead and sloped lower, reflecting a broken swing sequence rather than a clean reversal. The yearly session fib remains constructive, so the broader structure still carries a higher-timeframe upward context, but current action is in a retracement/consolidation phase after the selloff, with the next pivot high at 603.25 acting as the key swing reference above current trade.