ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Feb-20 07:24 CT

Price Action

• Last: 551.75,
• Bars: Small,
• Mom: Momentum slow.

WSFG Weekly

• Short-Term
• WSFG Current: 95%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month Feb

• Intermediate-Term
• MSFG Current: 69%
• F0%/NTZ' Bias: Price Above,
• MSFG Trend: Up.

YSFG Year 2026

• Long-Term
• YSFG Current: 21%
• F0%/NTZ' Bias: Price Above,
• YSFG Trend: Up.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt high 572.50,
• 4. Pvt. Next: Pvt low 522.00,
• 5. Levels R: 886.00, 823.00, 779.40, 715.00,
• 6. Levels S: 501.25.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 532.0 Up Trend,
• (Intermediate-Term) 10 Week: 523.4 Up Trend,
• (Long-Term) 20 Week: 558.5 Down Trend,
• (Long-Term) 55 Week: 621.0 Down Trend,
• (Long-Term) 100 Week: 701.0 Down Trend,
• (Long-Term) 200 Week: 784.4 Down Trend.

Recent Trade Signals

• 18 Feb 2026: Long ZW 05-26 @ 551.75 Signals.USAR-WSFG
• 18 Feb 2026: Long ZW 05-26 @ 551.75 Signals.USAR.TR120
• 13 Feb 2026: Long ZW 03-26 @ 548.75 Signals.USAR-MSFG

Overall Rating

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

Key Insights Summary

The ZW Chicago SRW Wheat Futures weekly chart shows a notable shift in short- and intermediate-term momentum, with both the WSFG and MSFG trends turning up and price action holding above their respective NTZ/F0% levels. Recent swing pivots confirm an emerging uptrend, with the most recent pivot high at 572.50 and support at 522.00 and 501.25. Weekly bars are small and momentum is slow, suggesting a cautious but constructive advance after a prolonged downtrend. The 5- and 10-week moving averages have turned up, supporting the bullish short- and intermediate-term outlook, while longer-term benchmarks (20, 55, 100, 200 week) remain in downtrends, indicating that the broader trend is still bearish. Multiple recent long trade signals reinforce the short-term bullish bias. However, significant resistance levels remain overhead, and the market is still below major long-term moving averages, suggesting that any rally may face headwinds as it approaches these zones. The overall structure points to a potential recovery phase, but with the long-term trend still negative, the market may experience volatility and tests of support before a sustained reversal is confirmed.