ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Aug-12 07:14 CT

Price Action

Last: 648.00,
Bars: Medium,
Mom: Slow.

WSFG Weekly

Short-Term
WSFG Current: 8%
F0%/NTZ' Bias: Price Above,
WSFG Trend: Up.

MSFG Month Aug

Intermediate-Term
MSFG Current: 15%
F0%/NTZ' Bias: Price Above,
MSFG Trend: Up.

YSFG Year 2026

Long-Term
YSFG Current: 47%
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 672.25,
5. Levels R: 1049.00, 994.50, 874.25, 731.25, 710.25,
6. Levels S: 626.75, 574.00, 538.25, 523.00, 517.50.

Daily Benchmarks

(Short-Term) 5 Day: 636.75 Up Trend,
(Short-Term) 10 Day: 643.75 Down Trend,
(Intermediate-Term) 20 Day: 661.25 Down Trend,
(Intermediate-Term) 55 Day: 636.75 Down Trend,
(Long-Term) 100 Day: 628.75 Up Trend,
(Long-Term) 200 Day: 593.75 Up Trend.

Additional Metrics

ATR: 73.75,
VOLMA: 77996.

Recent Trade Signals

12 Aug 2026: Long ZW 09-26 @ 650 Signals.USAR-MSFG
12 Aug 2026: Long ZW 09-26 @ 650 Signals.USAR-WSFG
12 Aug 2026: Long ZW 09-26 @ 650 Signals.USAR.TR120

Overall Rating

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

Key Insights Summary

Price is consolidating after a sharp retreat from the 710.25 swing high, with the current rebound holding above the weekly and monthly F0% areas. The short-term pivot remains in DTrend while price works within a lower-high correction structure beneath the declining 20-day benchmark near 661.25. Intermediate structure remains mixed: the HiLo trend and monthly grid are positive, but the declining 20-day and 55-day averages reflect unfinished counter-trend pressure. Long-term structure remains constructive as price holds above rising 100-day and 200-day benchmarks. The 626.75 pivot low is the nearby structural support reference, while 672.25 is the next pivot reversal threshold and 710.25 remains the major overhead swing resistance.