ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Jul-01 07:08 CT

Price Action

Last: 597.00,
Bars: Medium,
Mom: Average.

WSFG Weekly

Short-Term
WSFG Current: 19%
F0%/NTZ' Bias: Price Above,
WSFG Trend: Up.

MSFG Month Jul

Intermediate-Term
MSFG Current: 1%
F0%/NTZ' Bias: Price Above,
MSFG Trend: Up.

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 574.00,
4. Pvt. Next: Pvt High 607.00,
5. Levels R: 1050.50, 1049.00, 994.50, 874.25, 731.25,
6. Levels S: 574.00, 538.25, 523.00, 517.50.

Daily Benchmarks

(Short-Term) 5 Day: 591.25 Down Trend,
(Short-Term) 10 Day: 600.00 Down Trend,
(Intermediate-Term) 20 Day: 597.50 Down Trend,
(Intermediate-Term) 55 Day: 612.00 Down Trend,
(Long-Term) 100 Day: 611.50 Down Trend,
(Long-Term) 200 Day: 578.25 Up Trend.

Additional Metrics

ATR: 51,
VOLMA: 77996.

Recent Trade Signals

01 Jul 2026: Long ZW 09-26 @ 597 Signals.USAR-WSFG
01 Jul 2026: Long ZW 09-26 @ 593.5 Signals.USAR.TR120
29 Jun 2026: Short ZW 09-26 @ 582.25 Signals.USAR.TR720
23 Jun 2026: Short ZW 09-26 @ 604.75 Signals.USAR-MSFG

Overall Rating

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

Key Insights Summary

Wheat is sitting in a corrective phase after the prior May spike and June rollover, with price trading back above the weekly and monthly F0%/NTZ zones but still below the 55-day and 100-day benchmark averages. The pivot structure remains in a down trend on both the short-term and intermediate-term swing readouts, while the price action is working through a lower-high sequence after rejection from the 680-690 area. The 200-day benchmark still supports the broader tape, so the larger structure is not fully broken, but the near-to-medium term remains choppy and downward slanted with overlapping candles, failed rebounds, and repeated tests of nearby pivot support and resistance levels.