ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Jun-11 07:09 CT

Price Action

• Last: 588.75,
• Bars: Medium,
• Mom: slow.

WSFG Weekly

• Short-Term
• WSFG Current: 4%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month Jun

• Intermediate-Term
• MSFG Current: -36%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 24%
• 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 602.75,
• 5. Levels R: 688.25, 679.50, 642.50, 621.50, 602.75,
• 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: 595.25 Down Trend,
• (Intermediate-Term) 20 Day: 623.25 Down Trend,
• (Intermediate-Term) 55 Day: 612.25 Down Trend,
• (Long-Term) 100 Day: 596.00 Down Trend,
• (Long-Term) 200 Day: 557.00 Up Trend.

Additional Metrics

• ATR: 79.50,
• VOLMA: 77996.

Recent Trade Signals

• 11 Jun 2026: Long ZW 07-26 @ 588.75 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: Bullish.

Key Insights Summary

Wheat is in a mixed swing structure with the daily pullback pressing into the lower June NTZ after a sharp rejection from the 680s, leaving short-term momentum soft while price stabilizes near the 580s. The weekly structure remains constructive with price above the weekly F0% bias, but the monthly grid is still in a down-state and the pivot trend has rolled to DTrend, reflecting a lower-high sequence from the recent May peak. Benchmark alignment is uneven: the 5-day is supportive, while the 10-day through 100-day measures are broadly above price and trending lower, consistent with a corrective phase inside a larger choppy uptrend. The market has transitioned from the May spike-and-reversal into a retracement phase, with support being tested around the 574.75 to 572.75 area and the broader support band holding the spring base in the 530s. The dominant theme is a volatile consolidation after an extended rally, with price now working through a downside correction while still retaining longer-term positive structure.