ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Jun-16 07:09 CT

Price Action

• Last: 590.00,
• Bars: Medium,
• Mom: Slow.

WSFG Weekly

• Short-Term
• WSFG Current: 38%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month Jun

• Intermediate-Term
• MSFG Current: -23%
• 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 571.00,
• 4. Pvt. Next: Pvt High 599.00,
• 5. Levels R: 1165.50, 1042.50, 1041.00, 988.50, 886.25,
• 6. Levels S: 571.00, 530.25, 515.00, 509.50.

Daily Benchmarks

• (Short-Term) 5 Day: 586.75 Up Trend,
• (Short-Term) 10 Day: 587.00 Up Trend,
• (Intermediate-Term) 20 Day: 612.75 Down Trend,
• (Intermediate-Term) 55 Day: 609.50 Down Trend,
• (Long-Term) 100 Day: 598.00 Down Trend,
• (Long-Term) 200 Day: 588.00 Up Trend.

Additional Metrics

• ATR: 51,
• VOLMA: 77996.

Recent Trade Signals

• 12 Jun 2026: Long ZW 07-26 @ 592.75 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

Chicago SRW wheat is trading in a corrective phase after a sharp May rally and early-June rejection from the upper pivot zone. The daily structure shows a bearish short-term pivot trend with price rolling back under the June session area and below the 20-, 55-, and 100-day benchmarks, while the 5- and 10-day averages remain supportive but are already flattening. Weekly fib positioning is still constructive above the weekly NTZ midpoint, but the monthly session bias remains below the midpoint and the current month’s structure is still acting as a downtrend overlay. The long-term picture is mixed: the yearly fib context remains above the midpoint, yet the recent swing sequence has lower highs and lower lows, with the next important pivot relationship centered around the 599 resistance and 571 support bands. Volume has normalized from the earlier expansion phases, and the ATR remains elevated, consistent with a market that has already completed a wide-range advance and is now digesting gains in a choppy retracement phase.