ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Feb-02 07:27 CT

Price Action

• Last: 533.50,
• Bars: Small,
• Mom: Momentum slow.

WSFG Weekly

• Short-Term
• WSFG Current: -27%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Feb

• Intermediate-Term
• MSFG Current: -12%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 6%
• 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 High 543.75,
• 4. Pvt. Next: Pvt Low 505.25,
• 5. Levels R: 850.25, 773.25, 689.00, 600.00, 543.75,
• 6. Levels S: 501.50.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 532.25 Down Trend,
• (Intermediate-Term) 10 Week: 538.25 Down Trend,
• (Long-Term) 20 Week: 571 Down Trend,
• (Long-Term) 55 Week: 624.25 Down Trend,
• (Long-Term) 100 Week: 703 Down Trend,
• (Long-Term) 200 Week: 792.91 Down Trend.

Recent Trade Signals

• 02 Feb 2026: Short ZW 03-26 @ 530.75 Signals.USAR-MSFG
• 26 Jan 2026: Short ZW 03-26 @ 522.75 Signals.USAR.TR120
• 26 Jan 2026: Long ZW 03-26 @ 532.75 Signals.USAR-WSFG

Overall Rating

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

Key Insights Summary

The weekly chart for ZW Chicago SRW Wheat Futures shows a persistent downtrend across both short-term and intermediate-term timeframes, as indicated by the negative WSFG and MSFG readings, both with price below their respective NTZ/F0% levels. Swing pivot analysis confirms a dominant downtrend, with the most recent pivot evolving at a lower high (543.75) and the next anticipated pivot low at 505.25, reinforcing the bearish structure. Resistance levels are stacked well above current price, while the nearest support sits at 501.50. All benchmark moving averages from 5-week to 200-week are trending down, further confirming the prevailing bearish sentiment. Recent trade signals have favored the short side, with only a brief long signal quickly reversed. Despite a slight positive reading on the yearly session fib grid (YSFG), the long-term trend is best described as neutral due to the overwhelming downward pressure from shorter timeframes and moving averages. The market is exhibiting slow momentum and small bars, suggesting a period of consolidation or a pause within the broader downtrend. Overall, the technical landscape remains bearish in the short and intermediate term, with no clear evidence yet of a sustained reversal.