ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Jun-22 07:09 CT

Price Action

• Last: 612,
• Bars: Medium,
• Mom: average.

WSFG Weekly

• Short-Term
• WSFG Current: -10%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Jun

• Intermediate-Term
• MSFG Current: -15%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 32%
• 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 High 626.50,
• 4. Pvt. Next: Pvt Low 597.00,
• 5. Levels R: 1050.50, 1049.00, 994.50, 874.25, 731.25,
• 6. Levels S: 579.00, 538.25, 523.00, 517.50.

Daily Benchmarks

• (Short-Term) 5 Day: 605.75 Up Trend,
• (Short-Term) 10 Day: 599.25 Up Trend,
• (Intermediate-Term) 20 Day: 612.00 Up Trend,
• (Intermediate-Term) 55 Day: 617.00 Down Trend,
• (Long-Term) 100 Day: 608.25 Up Trend,
• (Long-Term) 200 Day: 576.75 Up Trend.

Additional Metrics

• ATR: 51,
• VOLMA: 77996.

Recent Trade Signals

• 22 Jun 2026: Short ZW 09-26 @ 612 Signals.USAR-WSFG
• 17 Jun 2026: Long ZW 07-26 @ 611 Signals.USAR.TR720

Overall Rating

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

Key Insights Summary

The daily chart shows wheat in a corrective down-leg after a sharp spring rally and failed push into the upper resistance band near the 626.50 pivot high. Price has rolled back beneath the monthly fib midline area and remains below the weekly and monthly NTZ/F0% references, keeping the short- and intermediate-term structure aligned to the downside. Swing pivots have turned DTrend with the next downside pivot sitting at 597.00, while the layered support zone below it clusters around 579.00, 538.25, 523.00, and 517.50. Benchmarks are mixed but still lean weaker in the near term, with price slipping under the 55-day and hovering around the 20-day/100-day area, while the longer-term year structure remains constructive and still above its annual fib bias. The tape is therefore in a transitional phase: near-term pressure and retracement within a broader long-term upcycle, with volatility still elevated after the recent rally and pullback sequence.