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

Price Action

• Last: 514.25,
• Bars: Medium,
• Mom: Momentum slow.

WSFG Weekly

• Short-Term
• WSFG Current: 43%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month Jan

• Intermediate-Term
• MSFG Current: 20%
• F0%/NTZ' Bias: Price Above,
• MSFG Trend: Up.

YSFG Year 2026

• Long-Term
• YSFG Current: -1%
• 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 540.50,
• 5. Levels R: 1000.75, 740.25, 698.00, 632.15, 578.12,
• 6. Levels S: 501.50.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 513.1 Down Trend,
• (Intermediate-Term) 10 Week: 531.25 Down Trend,
• (Long-Term) 20 Week: 578 Down Trend,
• (Long-Term) 55 Week: 632.15 Down Trend,
• (Long-Term) 100 Week: 763.26 Down Trend,
• (Long-Term) 200 Week: 809.50 Down Trend.

Recent Trade Signals

• 06 Jan 2026: Long ZW 03-26 @ 512.25 Signals.USAR-MSFG
• 05 Jan 2026: Long ZW 03-26 @ 512.25 Signals.USAR.TR120
• 05 Jan 2026: Long ZW 03-26 @ 510.25 Signals.USAR-WSFG
• 02 Jan 2026: Short ZW 03-26 @ 505.25 Signals.USAR.TR720

Overall Rating

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

Key Insights Summary

The weekly chart for ZW Chicago SRW Wheat Futures shows a market that has been in a persistent long-term downtrend, as evidenced by all major moving averages (20, 55, 100, 200 week) trending lower and price trading below these benchmarks. The most recent swing pivots confirm a dominant downward structure, with the latest pivot low at 501.50 and the next potential resistance at 540.50. However, short- and intermediate-term Fib grid trends (WSFG and MSFG) have shifted to an upward bias, with price currently above their respective NTZ/F0% levels, suggesting a possible short-term recovery or bounce within the broader downtrend. Recent trade signals have flipped to the long side in early January, indicating some momentum for a counter-trend move, but the overall momentum remains slow and the price action is still below key resistance levels. The market appears to be in a consolidation or basing phase after an extended decline, with potential for a short-term rally but significant overhead resistance and a bearish long-term structure still intact.