ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Aug-11 07:13 CT

Price Action

Last: 638.0,
Bars: Small,
Mom: slow.

WSFG Weekly

Short-Term
WSFG Current: -13%
F0%/NTZ' Bias: Price Below,
WSFG Trend: Down.

MSFG Month Aug

Intermediate-Term
MSFG Current: 2%
F0%/NTZ' Bias: Price Above,
MSFG Trend: Up.

YSFG Year 2026

Long-Term
YSFG Current: 43%
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 626.75,
4. Pvt. Next: Pvt high 627.5,
5. Levels R: 1049.00, 994.50, 874.25, 731.00, 710.25,
6. Levels S: 626.75, 574.00, 538.25, 523.00, 517.50.

Daily Benchmarks

(Short-Term) 5 Day: 638.5 Up Trend,
(Short-Term) 10 Day: 647 Down Trend,
(Intermediate-Term) 20 Day: 662 Down Trend,
(Intermediate-Term) 55 Day: 637 Up Trend,
(Long-Term) 100 Day: 628.75 Up Trend,
(Long-Term) 200 Day: 593.25 Up Trend.

Additional Metrics

ATR: 73.75,
VOLMA: 77996.

Recent Trade Signals

10 Aug 2026: Long ZW 09-26 @ 651.5 Signals.USAR-WSFG
10 Aug 2026: Long ZW 09-26 @ 651.5 Signals.USAR-MSFG
04 Aug 2026: Long ZW 09-26 @ 656 Signals.USAR.TR120

Overall Rating

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

Key Insights Summary

Price has retraced sharply from the 710.25 pivot high and is consolidating near 638, just above the 55-day and 100-day benchmarks. The short-term structure remains bearish, with price below the weekly F0% area, a DTrend pivot state, and the 10-day and 20-day averages declining. Intermediate and long-term structure remains constructive: the monthly and yearly grids are above F0%, the HiLo pivot trend is up, and the 55-day, 100-day, and 200-day benchmarks retain upward trends. The 626.75 pivot-low area is the nearest structural support, while 647, 662, and then 710.25 define the principal overhead recovery and resistance zones. Recent small bars and slower momentum reflect post-selloff consolidation rather than an established upside continuation.