ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Jan-23 07:22 CT

Price Action

• Last: 518.75,
• Bars: Small,
• Mom: Momentum slow.

WSFG Weekly

• Short-Term
• WSFG Current: 6%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month Jan

• Intermediate-Term
• MSFG Current: 31%
• F0%/NTZ' Bias: Price Above,
• MSFG Trend: Up.

YSFG Year 2026

• Long-Term
• YSFG Current: 0%
• F0%/NTZ' Bias: Price Neutral,
• YSFG Trend: Neutral.

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 640.00,
• 5. Levels R: 1000.75, 886.25, 789.25, 688.00, 640.00, 573.25,
• 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: 573.4 Down Trend,
• (Long-Term) 55 Week: 627.91 Down Trend,
• (Long-Term) 100 Week: 678 Down Trend,
• (Long-Term) 200 Week: 800.91 Down Trend.

Recent Trade Signals

• 22 Jan 2026: Long ZW 03-26 @ 515 Signals.USAR.TR120
• 22 Jan 2026: Long ZW 03-26 @ 515.75 Signals.USAR-MSFG
• 20 Jan 2026: Short ZW 03-26 @ 514.25 Signals.USAR-WSFG

Overall Rating

• Short-Term: Neutral,
• Intermediate-Term: Bearish,
• 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 trends in both swing pivots and all major moving averages. Price action is currently subdued, with small bars and slow momentum, indicating a lack of strong conviction from either buyers or sellers at this level. While the short-term WSFG and MSFG grids show a slight upward bias with price above their respective NTZ centers, the overall structure remains weak, with the most recent swing pivot at a new low (501.50) and the next significant resistance far above at 640.00. All long-term benchmarks (20, 55, 100, and 200 week MAs) are trending down, reinforcing the bearish intermediate and long-term outlooks. Recent trade signals show mixed short-term activity, with both long and short entries, reflecting the choppy, consolidative nature of the current price action near support. The market is testing major support levels, and while there is some short-term stabilization, the broader trend remains downward unless a significant reversal develops above key resistance levels.