The weekly chart for ZW Chicago SRW Wheat Futures shows a recent attempt at a short-term reversal, with price action moving above the WSFG F0%/NTZ level and a new swing high pivot at 535.00. Momentum remains slow, and the bars are of medium size, indicating a cautious but constructive move off recent lows. Both the weekly and monthly session fib grids (WSFG, MSFG) are trending up, suggesting short-term and intermediate-term bullishness, but the yearly grid (YSFG) remains in a downtrend, reflecting persistent long-term bearish pressure. All major moving averages (5, 10, 20, 55, 100, 200 week) are trending down, reinforcing the dominant long-term downtrend. The most recent trade signal is a long entry, aligning with the short-term bullish swing pivot trend. However, the intermediate-term HiLo trend is still down, and significant resistance levels remain overhead, with the nearest support at 492.25. The market is in a potential early-stage recovery or counter-trend rally within a broader bearish structure, with price testing the lower end of the long-term range. This setup suggests a market in transition, with short-term traders watching for confirmation of a sustained reversal, while longer-term participants remain cautious amid prevailing downward trends.