ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Jul-09 07:10 CT

Price Action

• Last: 609.50,
• Bars: Large,
• Mom: Fast.

WSFG Weekly

• Short-Term
• WSFG Current: 18%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month Jul

• Intermediate-Term
• MSFG Current: 12%
• F0%/NTZ' Bias: Price Above,
• MSFG Trend: Up.

YSFG Year 2026

• Long-Term
• YSFG Current: 30%
• F0%/NTZ' Bias: Price Above,
• YSFG Trend: Up.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt High 627.00,
• 4. Pvt. Next: Pvt Low 595.50,
• 5. Levels R: 1049.00, 994.50, 874.25, 731.25, 704.00,
• 6. Levels S: 574.00, 538.25, 523.00, 517.50.

Daily Benchmarks

• (Short-Term) 5 Day: 608.00 Up Trend,
• (Short-Term) 10 Day: 599.75 Up Trend,
• (Intermediate-Term) 20 Day: 600.75 Up Trend,
• (Intermediate-Term) 55 Day: 611.25 Up Trend,
• (Long-Term) 100 Day: 614.50 Up Trend,
• (Long-Term) 200 Day: 579.50 Up Trend.

Additional Metrics

• ATR: 51,
• VOLMA: 77996.

Recent Trade Signals

• 07 Jul 2026: Long ZW 09-26 @ 614.75 Signals.USAR.TR720
• 06 Jul 2026: Long ZW 09-26 @ 606.5 Signals.USAR-MSFG
• 06 Jul 2026: Long ZW 09-26 @ 604.5 Signals.USAR-WSFG

Overall Rating

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

Key Insights Summary

Wheat remains in a broader uptrend structure, but the latest daily swing is a sharp retracement from the 620s back into the low 610s area after rejecting the recent June/July high cluster near 627. The short-term picture is still constructive because price is holding above the weekly and monthly session fib bias zones and remains above the 20-day benchmark, yet momentum has accelerated lower into the current pullback. Intermediate trend structure is mixed, with pivot evolution still pointing to a prior high while the hi/lo pivot track is weaker, showing a transition from expansion to consolidation. The market is sitting below the 55-day and 100-day benchmarks while remaining above the 200-day, which keeps the longer context neutral rather than outright bearish. Overall, the chart reflects a volatile trend-and-pullback environment with repeated higher-low attempts, failed upside extensions, and a market now working through a retracement inside a still-active larger bullish cycle.