ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Feb-24 07:13 CT
Price Action
- Last: 551.98,
- Bars: Medium,
- Mom: Momentum average.
WSFG Weekly
- Short-Term
- WSFG Current: -13%
- F0%/NTZ' Bias: Price Below,
- WSFG Trend: Down.
MSFG Month Feb
- Intermediate-Term
- MSFG Current: 86%
- F0%/NTZ' Bias: Price Above,
- MSFG Trend: Up.
YSFG Year 2026
- Long-Term
- YSFG Current: 22%
- 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 563.50,
- 4. Pvt. Next: Pvt Low 502.00,
- 5. Levels R: 563.50, 523.00, 1234.00, 988.20, 875.00, 715.00,
- 6. Levels S: 501.25.
Weekly Benchmarks
- (Intermediate-Term) 5 Week: 523.6 Up Trend,
- (Intermediate-Term) 10 Week: 531.1 Up Trend,
- (Long-Term) 20 Week: 554.9 Up Trend,
- (Long-Term) 55 Week: 619.79 Down Trend,
- (Long-Term) 100 Week: 780.5 Down Trend,
- (Long-Term) 200 Week: 960.0 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
Overall Rating
- Short-Term: Bullish,
- Intermediate-Term: Bullish,
- Long-Term: Bearish.
Key Insights Summary
The ZW Chicago SRW Wheat Futures weekly chart shows a market in transition. Short-term and intermediate-term trends have shifted bullish, as evidenced by upward momentum in both swing pivots and moving averages (5, 10, and 20 week MAs all trending up). The recent long trade signals reinforce this positive bias. Price has moved above the monthly and yearly session fib grid centers, suggesting a recovery phase after a prolonged downtrend. However, the long-term structure remains bearish, with the 55, 100, and 200 week moving averages still trending down and well above current price, indicating significant overhead resistance. Key resistance is clustered near 563.50 and 619.79, while support is firm at 501.25. The market appears to be staging a counter-trend rally within a broader bearish context, with potential for further upside if resistance levels are overcome, but the long-term downtrend is not yet fully reversed.
Chart Analysis ATS AI Generated: 2026-02-24 07:13 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.