ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2025-Aug-24 18:14 CT

Price Action

• Last: 612.12,
• Bars: Medium,
• Mom: Momentum slow.

WSFG Weekly

• Short-Term
• WSFG Current: -5%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Aug

• Intermediate-Term
• MSFG Current: -41%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2025

• Long-Term
• YSFG Current: -36%
• F0%/NTZ' Bias: Price Below,
• YSFG Trend: Down.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt Low 570.35,
• 4. Pvt. Next: Pvt High 617.25,
• 5. Levels R: 964.75, 884.00, 674.25, 617.25,
• 6. Levels S: 570.35, 517.25.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 660.23 Down Trend,
• (Intermediate-Term) 10 Week: 674.25 Down Trend,
• (Long-Term) 20 Week: 704.36 Down Trend,
• (Long-Term) 55 Week: 850.79 Down Trend,
• (Long-Term) 100 Week: 1060.23 Down Trend,
• (Long-Term) 200 Week: 1183.50 Down Trend.

Overall Rating

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

Key Insights Summary

The ZW Chicago SRW Wheat Futures weekly chart is exhibiting a persistent bearish structure across all timeframes. Price is trading below all major session fib grid levels (weekly, monthly, yearly), and the most recent swing pivots confirm a dominant downtrend, with the next significant resistance at 617.25 and support at 570.35. All benchmark moving averages are trending down, reinforcing the prevailing negative momentum. The market has been unable to reclaim any key resistance zones, and the slow momentum with medium-sized bars suggests a lack of strong buying interest or reversal signals. This environment reflects ongoing pressure, likely influenced by broader market sentiment, supply/demand factors, and possibly seasonal harvest cycles. The technical setup points to continued weakness unless a significant catalyst emerges to break the current trend.