ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Feb-22 18:10 CT

Price Action

• Last: 552.00,
• Bars: Small,
• Mom: Momentum slow.

WSFG Weekly

• Short-Term
• WSFG Current: 140%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month Feb

• Intermediate-Term
• MSFG Current: 93%
• F0%/NTZ' Bias: Price Above,
• MSFG Trend: Up.

YSFG Year 2026

• Long-Term
• YSFG Current: 25%
• 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 552.00,
• 4. Pvt. Next: Pvt low 501.25,
• 5. Levels R: 1609.50, 1234.00, 988.20, 875.00, 715.00,
• 6. Levels S: 501.25.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 532.2 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: 784.4 Down Trend,
• (Long-Term) 200 Week: 1051 Down Trend.

Recent Trade Signals

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

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. The most recent swing pivot has evolved into a new high at 552.00, confirming an upward trend in both short- and intermediate-term swing metrics. However, the long-term trend remains bearish, as indicated by all major long-term moving averages (20, 55, 100, and 200 week) still trending down and positioned well above current price levels. The recent trade signals confirm renewed bullish sentiment in the short term, but the broader context is still defined by a long-term downtrend, with significant resistance overhead and only one major support level at 501.25. This setup suggests a potential for a counter-trend rally or a developing base, but the market remains in a recovery phase from a prolonged decline, with volatility likely as price tests key resistance and support levels.