ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Aug-20 07:13 CT

Price Action

• Last: 705.00,
• Bars: Medium,
• Mom: Fast.

WSFG Weekly

• Short-Term
• WSFG Current: 21%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month Aug

• Intermediate-Term
• MSFG Current: 65%
• F0%/NTZ' Bias: Price Above,
• MSFG Trend: Up.

YSFG Year 2026

• Long-Term
• YSFG Current: 64%
• 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 706.50,
• 4. Pvt. Next: Pvt low 685.00,
• 5. Levels R: 1011.25, 891.00, 748.00, 727.00, 706.50,
• 6. Levels S: 643.50, 590.75, 559.00, 539.75, 534.25.

Daily Benchmarks

• (Short-Term) 5 Day: 686.25 Up Trend,
• (Short-Term) 10 Day: 671.00 Up Trend,
• (Intermediate-Term) 20 Day: 673.50 Up Trend,
• (Intermediate-Term) 55 Day: 659.50 Up Trend,
• (Long-Term) 100 Day: 648.75 Up Trend,
• (Long-Term) 200 Day: 613.75 Up Trend.

Additional Metrics

• ATR: 73.75,
• VOLMA: 90.00.

Recent Trade Signals

• 20 Aug 2026: Long ZW 12-26 @ 702.25 Signals.USAR-WSFG
• 19 Aug 2026: Long ZW 12-26 @ 696 Signals.USAR.TR720
• 12 Aug 2026: Long ZW 09-26 @ 650.5 Signals.USAR-MSFG
• 12 Aug 2026: Long ZW 09-26 @ 650 Signals.USAR.TR120

Overall Rating

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

Key Insights Summary

Price has produced a sharp V-shaped recovery from the early-August pivot low near 643.50 and has reclaimed all daily benchmark averages. Short-term momentum is fast as the market presses the 706.50 pivot-high area, with 727.00 the next prominent overhead pivot resistance. The broader moving-average structure, monthly and yearly fib-grid positioning, and long-direction signal sequence remain constructive. The intermediate pivot structure remains DTrend because the prior major swing high near 727.00 has not been exceeded, making the present advance a strong recovery leg within that wider pivot framework. Key structural support is concentrated at 685.00, the rising 5-day average near 686.25, and the 20-day/55-day benchmark zone below.