ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Feb-11 07:24 CT

Price Action

• Last: 531.5,
• Bars: Small,
• Mom: Momentum slow.

WSFG Weekly

• Short-Term
• WSFG Current: 5%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month Feb

• Intermediate-Term
• MSFG Current: -16%
• 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 541.79,
• 4. Pvt. Next: Pvt Low 505.25,
• 5. Levels R: 850.00, 711.25, 688.25, 622.64, 541.79,
• 6. Levels S: 501.50.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 533.25 Down Trend,
• (Intermediate-Term) 10 Week: 552.93 Down Trend,
• (Long-Term) 20 Week: 599.5 Down Trend,
• (Long-Term) 55 Week: 702.74 Down Trend,
• (Long-Term) 100 Week: 788.24 Down Trend,
• (Long-Term) 200 Week: 1020.74 Down Trend.

Recent Trade Signals

• 11 Feb 2026: Short ZW 03-26 @ 531.5 Signals.USAR-MSFG
• 09 Feb 2026: Short ZW 03-26 @ 528 Signals.USAR-WSFG
• 05 Feb 2026: Long ZW 03-26 @ 535 Signals.USAR.TR120

Overall Rating

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

Key Insights Summary

The ZW Chicago SRW Wheat Futures market remains in a pronounced downtrend across all timeframes. Price action is subdued, with small bars and slow momentum, indicating a lack of strong buying interest. The short-term WSFG trend has turned up with price just above the NTZ center, but this is countered by the dominant downtrend in both the intermediate and long-term MSFG and YSFG grids. Swing pivot analysis confirms a prevailing downward trend, with the most recent pivot high at 541.79 and the next key support at 501.50. All benchmark moving averages are trending lower, reinforcing the bearish structure. Recent trade signals have favored the short side, aligning with the broader trend. The market is consolidating near multi-year lows, with resistance levels stacked well above current price, suggesting any rallies may face significant overhead supply. The technical landscape points to continued pressure unless a decisive reversal or breakout above key resistance levels occurs.