ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Jun-26 07:09 CT

Price Action

• Last: 598.00,
• Bars: Large,
• Mom: Fast.

WSFG Weekly

• Short-Term
• WSFG Current: -71%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Jun

• Intermediate-Term
• MSFG Current: -44%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 23%
• 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 590.00,
• 4. Pvt. Next: Pvt High 622.00,
• 5. Levels R: 1050.50, 1049.00, 994.50, 874.25, 731.25,
• 6. Levels S: 590.00, 579.00, 538.25, 523.00, 517.00.

Daily Benchmarks

• (Short-Term) 5 Day: 603.25 Down Trend,
• (Short-Term) 10 Day: 602.50 Down Trend,
• (Intermediate-Term) 20 Day: 602.75 Down Trend,
• (Intermediate-Term) 55 Day: 614.75 Down Trend,
• (Long-Term) 100 Day: 610.25 Down Trend,
• (Long-Term) 200 Day: 577.75 Up Trend.

Additional Metrics

• ATR: 73.75,
• 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

Overall Rating

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

Key Insights Summary

Chicago SRW wheat is trading under the weekly and monthly NTZ midpoint, keeping the short and intermediate structure soft. The daily chart shows a sharp selloff from the late-May/early-June swing high area, followed by a rebound back into the 590s, which still sits below the key 20, 55, and 100-day benchmarks. The pivot structure remains in a DTrend with the next pivot defined as a higher counter-swing high near 622.00, while support is layered at 590.00, 579.00, and 538.25. The 200-day benchmark remains below price and still slopes upward, which preserves a mixed long-term backdrop even as the nearer-term trend pressure stays bearish. Recent signals align with the downside sequence from the June reversal, and the chart continues to reflect a volatile swing environment with failed tests near the upper June range and a return toward support.