ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Jan-21 07:24 CT

Price Action

• Last: 514.50,
• Bars: Medium,
• Mom: Momentum slow.

WSFG Weekly

• Short-Term
• WSFG Current: -23%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Jan

• Intermediate-Term
• MSFG Current: 19%
• 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 589.50,
• 5. Levels R: 1600.75, 1243.25, 989.25, 878.50, 689.00, 627.91,
• 6. Levels S: 501.50.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 532.5 Down Trend,
• (Intermediate-Term) 10 Week: 528.5 Down Trend,
• (Long-Term) 20 Week: 573.8 Down Trend,
• (Long-Term) 55 Week: 627.91 Down Trend,
• (Long-Term) 100 Week: 800.91 Down Trend,
• (Long-Term) 200 Week: 1068 Down Trend.

Recent Trade Signals

• 20 Jan 2026: Short ZW 03-26 @ 511.25 Signals.USAR.TR120
• 20 Jan 2026: Short ZW 03-26 @ 514.25 Signals.USAR-WSFG

Overall Rating

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

Key Insights Summary

Chicago SRW Wheat Futures continue to exhibit a persistent downtrend across all timeframes. Price action remains weak, with the last close at 514.50 and slow momentum, reflecting a lack of bullish conviction. The weekly session fib grid (WSFG) and yearly session fib grid (YSFG) both show price below their respective NTZ/F0% levels, confirming a dominant downward bias. The monthly session fib grid (MSFG) is the only outlier, showing a minor uptrend, but this is not supported by the broader context. Swing pivot analysis highlights a series of lower highs and lower lows, with the most recent pivot low at 501.50 and the next resistance at 589.50. All benchmark moving averages from short to long term are trending down, reinforcing the prevailing bearish structure. Recent trade signals have triggered new short entries, aligning with the overall trend. The market is in a clear downtrend, with no significant signs of reversal or strong support until the 501.50 level. The technical landscape suggests continued pressure, with rallies likely to be met by selling at resistance levels.