ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Jun-24 07:09 CT

Price Action

• Last: 593.50,
• Bars: Large,
• Mom: Fast.

WSFG Weekly

• Short-Term
• WSFG Current: -39%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Jun

• Intermediate-Term
• MSFG Current: -29%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 27%
• 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 593.50,
• 4. Pvt. Next: Pvt High 625.00,
• 5. Levels R: 1050.50, 1049.00, 994.50, 874.25, 731.25,
• 6. Levels S: 593.50, 579.00, 538.25, 523.00, 517.50.

Daily Benchmarks

• (Short-Term) 5 Day: 608.75 Down Trend,
• (Short-Term) 10 Day: 601.75 Down Trend,
• (Intermediate-Term) 20 Day: 606.75 Down Trend,
• (Intermediate-Term) 55 Day: 616.00 Down Trend,
• (Long-Term) 100 Day: 609.25 Down Trend,
• (Long-Term) 200 Day: 577.25 Up Trend.

Additional Metrics

• ATR: 51,
• VOLMA: 77996.

Recent Trade Signals

• 23 Jun 2026: Short ZW 09-26 @ 604.75 Signals.USAR-MSFG
• 22 Jun 2026: Short ZW 09-26 @ 607.5 Signals.USAR.TR120
• 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: Neutral.

Key Insights Summary

Wheat is in a clear swing-down phase on the daily chart, with price pressing down into the lower pivot structure and sitting below the weekly and monthly session fib grids. The short-term pivot trend and the HiLo trend are both bearish, confirming lower highs and lower lows after the June peak. Benchmarks across the 5, 10, 20, 55, and 100 day measures are all below price and trending lower, while the 200 day remains above its own rising baseline, keeping the longer horizon mixed rather than fully negative. The recent sequence of short signals across WSFG, TR120, and MSFG aligns with the current downside rotation, while the long-term TR720 remains a prior higher-timeframe bullish reference. Overall, the tape looks like a fast downside retracement from the May/June range, with price now testing the lower support pivot cluster near 593.50 and 579.00 after a sharp selloff from the 625 area.