ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Jan-05 07:23 CT

Price Action

• Last: 508.75,
• Bars: Medium,
• Mom: Momentum slow.

WSFG Weekly

• Short-Term
• WSFG Current: 7%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month Jan

• Intermediate-Term
• MSFG Current: 4%
• F0%/NTZ' Bias: Price Above,
• MSFG Trend: Up.

YSFG Year 2026

• Long-Term
• YSFG Current: -4%
• 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 501.50,
• 4. Pvt. Next: Pvt High 540.00,
• 5. Levels R: 1000.75, 886.25, 789.25, 698.00, 632.15, 578.12, 540.00,
• 6. Levels S: 501.50.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 531.14 Down Trend,
• (Intermediate-Term) 10 Week: 578.12 Down Trend,
• (Long-Term) 20 Week: 632.15 Down Trend,
• (Long-Term) 55 Week: 809.50 Down Trend,
• (Long-Term) 100 Week: 886.25 Down Trend,
• (Long-Term) 200 Week: 1049.5 Down Trend.

Recent Trade Signals

• 02 Jan 2026: Short ZW 03-26 @ 505.25 Signals.USAR.TR720

Overall Rating

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

Key Insights Summary

The ZW Chicago SRW Wheat Futures weekly chart continues to reflect a dominant long-term downtrend, as confirmed by all major moving averages (20, 55, 100, and 200 week) trending lower and price trading well below these benchmarks. The yearly session fib grid (YSFG) also shows a negative bias, with price below the NTZ center and a -4% reading, reinforcing the bearish long-term structure. Intermediate-term signals remain negative, with both the 5 and 10 week moving averages in decline and the swing pivot HiLo trend pointing down. However, short-term dynamics are showing some stabilization: the weekly session fib grid (WSFG) is slightly positive, and price is currently above the short-term NTZ center, suggesting a potential for a short-term bounce or consolidation phase. The most recent swing pivot is a low at 501.50, with the next resistance at 540.00, and a cluster of resistance levels above. The latest trade signal was a short entry, aligning with the prevailing downtrend. Overall, while there are hints of short-term stabilization, the broader technical structure remains bearish, with rallies likely to encounter significant resistance and the long-term trend still pointing lower.