ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Jan-08 07:23 CT

Price Action

• Last: 520.25,
• Bars: Medium,
• Mom: Momentum slow.

WSFG Weekly

• Short-Term
• WSFG Current: 70%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month Jan

• Intermediate-Term
• MSFG Current: 30%
• F0%/NTZ' Bias: Price Above,
• MSFG Trend: Up.

YSFG Year 2026

• Long-Term
• YSFG Current: 1%
• F0%/NTZ' Bias: Price Above,
• YSFG Trend: Up.

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, 686.25, 579.25,
• 6. Levels S: 501.50.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 531.1 Down Trend,
• (Intermediate-Term) 10 Week: 523.25 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 ZW Chicago SRW Wheat Futures weekly chart shows a market that has been in a persistent downtrend, as evidenced by the dominant downward direction of all major moving averages and swing pivot trends. However, recent price action has seen a slow momentum bounce from a new swing low (501.50), with price currently trading above the short-term and intermediate-term Fib grid centers, suggesting a potential attempt at a short-term base or relief rally. Despite this, the overall structure remains bearish, with significant resistance levels overhead and all long-term benchmarks trending down. Recent trade signals indicate some short-term and intermediate-term long entries, but these are occurring within a broader context of long-term weakness. The market is in a phase of potential short-term stabilization or consolidation, but the prevailing long-term trend remains to the downside, with any rallies likely to encounter strong resistance at higher levels.