ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Feb-03 07:26 CT

Price Action

• Last: 530.75,
• Bars: Small,
• Mom: Momentum slow.

WSFG Weekly

• Short-Term
• WSFG Current: -44%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Feb

• Intermediate-Term
• MSFG Current: -19%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 5%
• 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 541.75,
• 4. Pvt. Next: Pvt Low 505.25,
• 5. Levels R: 1209.75, 1043.25, 878.25, 689.00, 541.75,
• 6. Levels S: 501.50.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 532.25 Down Trend,
• (Intermediate-Term) 10 Week: 543.25 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

Overall Rating

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

Key Insights Summary

The ZW Chicago SRW Wheat Futures weekly chart shows a persistent downtrend across both short-term and intermediate-term timeframes, as indicated by the WSFG and MSFG trends, both of which are down with price below their respective NTZ/F0% levels. The most recent swing pivots confirm this bearish structure, with the current trend and HiLo trend both pointing down and the next pivot low at 505.25 acting as a key support. Resistance levels are stacked well above current price, highlighting the depth of the recent decline. All benchmark moving averages from 5-week to 200-week are trending down, reinforcing the prevailing bearish sentiment. However, the yearly session fib grid (YSFG) shows a slight upward bias, suggesting some stabilization or potential for a longer-term base, but this is not yet reflected in the shorter timeframes. Recent trade signals have also favored the short side, aligning with the overall technical picture. The market is currently in a slow momentum phase with small bars, indicating a possible pause or consolidation after a strong move down, but the dominant trend remains bearish until a significant reversal or breakout above resistance levels occurs.