ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Jul-31 07:12 CT

Price Action

• Last: 665,
• Bars: Small,
• Mom: Average.

WSFG Weekly

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

MSFG Month Jul

• Intermediate-Term
• MSFG Current: 73%
• F0%/NTZ' Bias: Price Above,
• MSFG Trend: Up.

YSFG Year 2026

• Long-Term
• YSFG Current: 50%
• 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 689.50,
• 5. Levels R: 1040, 994.50, 874.25, 731.25, 710.25,
• 6. Levels S: 650.50, 574.00, 538.25, 523.00, 517.00.

Daily Benchmarks

• (Short-Term) 5 Day: 665 Up Trend,
• (Short-Term) 10 Day: 676.25 Down Trend,
• (Intermediate-Term) 20 Day: 654.75 Up Trend,
• (Intermediate-Term) 55 Day: 636 Up Trend,
• (Long-Term) 100 Day: 627 Up Trend,
• (Long-Term) 200 Day: 589.25 Up Trend.

Additional Metrics

• ATR: 51,
• VOLMA: 77996.

Recent Trade Signals

• 30 Jul 2026: Long ZW 09-26 @ 685.5 Signals.USAR.TR120
• 27 Jul 2026: Short ZW 09-26 @ 675 Signals.USAR-WSFG

Overall Rating

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

Key Insights Summary

Price has retraced sharply from the 710.25 swing-high area and the short-term pivot structure remains in DTrend, with price below the weekly F0% level and the 10-day benchmark. The 650.50 pivot low is the immediate structural support, while 676.25 and the 689.50 next-pivot threshold define the nearby recovery zone. Intermediate and long-term structure remains constructive: price is above rising 20-, 55-, 100-, and 200-day benchmarks, while the monthly and yearly grids retain upward bias. The current pattern is a short-term pullback within a broader higher-low recovery phase, with elevated daily range behavior following the July rally and reversal.