ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Feb-17 07:19 CT

Price Action

• Last: 514.25,
• Bars: Small,
• Mom: Momentum slow.

WSFG Weekly

• Short-Term
• WSFG Current: -31%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Feb

• Intermediate-Term
• MSFG Current: 3%
• F0%/NTZ' Bias: Price Above,
• MSFG Trend: Up.

YSFG Year 2026

• Long-Term
• YSFG Current: 9%
• F0%/NTZ' Bias: Price Above,
• YSFG Trend: Up.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: Neutral,
• 3. Pvt. Evolve: Pvt High 543.25,
• 4. Pvt. Next: Pvt Low 514.25,
• 5. Levels R: 1603.50, 1230.00, 985.00, 878.00, 715.00,
• 6. Levels S: 514.25, 501.25.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 532.0 Down Trend,
• (Intermediate-Term) 10 Week: 527.25 Down Trend,
• (Long-Term) 20 Week: 558.5 Down Trend,
• (Long-Term) 55 Week: 621.0 Down Trend,
• (Long-Term) 100 Week: 701 Down Trend,
• (Long-Term) 200 Week: 784.40 Down Trend.

Recent Trade Signals

• 17 Feb 2026: Short ZW 03-26 @ 541 Signals.USAR.TR120
• 13 Feb 2026: Long ZW 03-26 @ 548.75 Signals.USAR-MSFG
• 11 Feb 2026: Long ZW 03-26 @ 534.75 Signals.USAR-WSFG

Overall Rating

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

Key Insights Summary

The ZW Chicago SRW Wheat Futures weekly chart shows a persistent downtrend, with price action characterized by small bars and slow momentum, indicating a lack of strong directional conviction. The short-term WSFG trend is decisively down, with price trading below the NTZ center and recent swing pivots confirming a downward trajectory. Intermediate-term signals are mixed, with the MSFG showing a slight upward bias, but the HiLo trend remains neutral and recent moving averages are all trending lower. Long-term structure is bearish, as all major benchmarks (20, 55, 100, and 200 week MAs) are in clear downtrends and price remains well below these levels. Resistance is stacked far above current price, while support is being tested at recent lows. Recent trade signals reflect this mixed environment, with a short signal most recently triggered after a brief attempt at a long. Overall, the market is in a prolonged corrective or bear phase, with occasional countertrend rallies failing to reverse the dominant trend. The environment remains challenging for bullish swing setups, with the technical backdrop favoring continued caution until a clear reversal or base is established.