ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Jul-28 07:12 CT

Price Action

• Last: 650.50,
• Bars: Large,
• Mom: fast.

WSFG Weekly

• Short-Term
• WSFG Current: -54%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Jul

• Intermediate-Term
• MSFG Current: 84%
• F0%/NTZ' Bias: Price Above,
• MSFG Trend: Up.

YSFG Year 2026

• Long-Term
• YSFG Current: 49%
• F0%/NTZ' Bias: Price Above,
• YSFG Trend: Up.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt low 650.50,
• 4. Pvt. Next: Pvt high 700.00,
• 5. Levels R: 1049.00, 994.50, 874.25, 731.25, 710.25,
• 6. Levels S: 650.50, 574.00, 538.25, 523.00, 517.50.

Daily Benchmarks

• (Short-Term) 5 Day: 683.50 Down Trend,
• (Short-Term) 10 Day: 677.25 Down Trend,
• (Intermediate-Term) 20 Day: 643.75 Up Trend,
• (Intermediate-Term) 55 Day: 633.00 Up Trend,
• (Long-Term) 100 Day: 625.00 Up Trend,
• (Long-Term) 200 Day: 587.50 Up Trend.

Additional Metrics

• ATR: 73.50,
• VOLMA: 77996.

Recent Trade Signals

• 27 Jul 2026: Short ZW 09-26 @ 675 Signals.USAR-WSFG
• 24 Jul 2026: Short ZW 09-26 @ 665.25 Signals.USAR.TR120

Overall Rating

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

Key Insights Summary

Price reversed sharply from the 710.25 pivot high and produced large, fast downside bars into the active 650.50 pivot-low area. Short-term structure is bearish: price is below the weekly F0% grid and both the 5-day and 10-day benchmarks are declining above price. The intermediate and long-term backdrop remains constructive because price is still above the rising 20-day, 55-day, 100-day, and 200-day benchmarks, while the monthly and yearly grids retain upward bias. The current action represents a high-volatility pullback within the broader advance, with 650.50 the immediate pivot reference and 710.25 the major nearby swing-high resistance reference.