ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Sep-23 07:17 CT

Price Action

• Last: 706.00,
• Bars: Medium,
• Mom: Fast.

WSFG Weekly

• Short-Term
• WSFG Current: -10%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Sep

• Intermediate-Term
• MSFG Current: -69%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 66%
• 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 706.00,
• 4. Pvt. Next: Pvt high 751.50,
• 5. Levels R: 1010.00, 891.00, 795.00,
• 6. Levels S: 708.00, 643.50, 590.75, 550.00, 539.75.

Daily Benchmarks

• (Short-Term) 5 Day: 723.25 Up Trend,
• (Short-Term) 10 Day: 726.00 Down Trend,
• (Intermediate-Term) 20 Day: 741.25 Up Trend,
• (Intermediate-Term) 55 Day: 702.25 Up Trend,
• (Long-Term) 100 Day: 672.00 Up Trend,
• (Long-Term) 200 Day: 631.75 Up Trend.

Additional Metrics

• ATR: 51,
• VOLMA: 77996.

Recent Trade Signals

• 23 Sep 2026: Short ZW 12-26 @ 709.25 Signals.USAR-WSFG
• 18 Sep 2026: Short ZW 12-26 @ 713.75 Signals.USAR.TR120

Overall Rating

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

Key Insights Summary

The daily swing structure reflects a fast September retracement from the 795.00 pivot high into the 706.00 pivot-low area. Short-term conditions remain bearish as price is below the weekly and monthly Fib-grid centers, below the 5-, 10-, and 20-day benchmarks, and the active pivot trend is down. The 702.25 55-day average and 708.00 nearby support define the immediate test zone, while 751.50 is the next pivot-reversal reference. Intermediate structure remains mixed: the higher-order HiLo trend is still up, but the current decline has pushed price deeply below the September MSFG. Longer-term structure remains constructive because price is above the rising 100- and 200-day averages and holds well above the annual Fib-grid center.