ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Feb-06 07:26 CT

Price Action

• Last: 535,
• Bars: Small,
• Mom: Momentum slow.

WSFG Weekly

• Short-Term
• WSFG Current: -10%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Feb

• Intermediate-Term
• MSFG Current: -4%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 8%
• 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: 858.25, 773.25, 689.00, 600.00, 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: 577.00 Down Trend,
• (Long-Term) 55 Week: 624.25 Down Trend,
• (Long-Term) 100 Week: 703.00 Down Trend,
• (Long-Term) 200 Week: 792.91 Down Trend.

Recent Trade Signals

• 05 Feb 2026: Long ZW 03-26 @ 535 Signals.USAR.TR120
• 02 Feb 2026: Short ZW 03-26 @ 530.75 Signals.USAR-MSFG

Overall Rating

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

Key Insights Summary

The ZW Chicago SRW Wheat Futures weekly chart reflects a persistent downtrend across both short- and intermediate-term timeframes, as indicated by the WSFG and MSFG trends, which remain negative with price action below their respective NTZ/F0% levels. The most recent swing pivots confirm a dominant downward trend, with the next key support at 501.50 and resistance levels stacked well above current prices, suggesting limited upward momentum. All benchmark moving averages from 5-week to 200-week are trending down, reinforcing the prevailing bearish sentiment. Despite a recent short-term long signal, the overall structure remains weak, with small bars and slow momentum indicating a lack of strong buying interest. The long-term YSFG trend is technically up, but price remains well below major moving averages, and the broader context is still dominated by lower highs and lower lows. The market appears to be in a prolonged corrective phase, with any rallies likely to encounter significant resistance overhead.