ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Jun-12 07:09 CT

Price Action

Last: 583.5,
Bars: Medium,
Mom: fast.

WSFG Weekly

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

MSFG Month Jun

Intermediate-Term
MSFG Current: -37%
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 602.25,
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: 584.5 Down Trend,
(Short-Term) 10 Day: 591.5 Down Trend,
(Intermediate-Term) 20 Day: 618.75 Down Trend,
(Intermediate-Term) 55 Day: 611.25 Down Trend,
(Long-Term) 100 Day: 596.5 Down Trend,
(Long-Term) 200 Day: 587.5 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

Overall Rating

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

Key Insights Summary

Wheat is in a pronounced daily pullback after the late-May/early-June swing high, with price pressing back toward the lower edge of the June NTZ and beneath the 5/10/20/55-day benchmark cluster. The pivot structure remains in a short-term downtrend and the latest pivot sequence shows a lower-high/lower-low cycle still unfolding, consistent with a corrective decline inside a broader year-to-date uptrend. Weekly fib context remains constructive while the monthly grid is negative, creating a mixed backdrop where short-term momentum is weaker than the larger-year framework. Volume is elevated enough to support active rotation, and ATR remains wide, indicating a fast-moving market that has transitioned from rally extension into retracement/consolidation near the mid-580s.