The ZW Chicago SRW Wheat Futures weekly chart continues to reflect a dominant bearish structure across all timeframes. Price action remains below key yearly and weekly session fib grid levels, with the most recent momentum classified as slow and bars of medium size, indicating a lack of strong conviction from either buyers or sellers. The short-term and long-term fib grid trends are both down, with price trading below the NTZ center, reinforcing the prevailing downward bias. Intermediate-term (monthly) fib grid shows a brief countertrend uptick, but this is not supported by the broader trend context. Swing pivot analysis confirms a downtrend in both short- and intermediate-term, with the next pivot low projected at 519.00, and resistance levels stacked well above current price, highlighting the significant overhead supply. All benchmark moving averages from 5-week to 200-week are trending down, further confirming the persistent bearish momentum and lack of sustained recovery attempts. Recent trade signals show mixed short-term activity but are dominated by a recent short signal, aligning with the overall trend. The market remains in a prolonged downtrend, with lower highs and lower lows, and no clear signs of reversal. The technical landscape suggests continued pressure, with any rallies likely to face strong resistance at higher levels. Volatility appears contained, and the market is consolidating near recent lows, with the potential for further downside if support levels are breached.