ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Feb-26 07:16 CT

Price Action

• Last: 531.00,
• Bars: Medium,
• Mom: Momentum slow.

WSFG Weekly

• Short-Term
• WSFG Current: -26%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Feb

• Intermediate-Term
• MSFG Current: 77%
• 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: DTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 5. Levels R: 1609.50, 1234.00, 985.20, 878.00, 715.00,
• 6. Levels S: 501.25.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 533 Down Trend,
• (Intermediate-Term) 10 Week: 552 Down Trend,
• (Long-Term) 20 Week: 620 Down Trend,
• (Long-Term) 55 Week: 780 Down Trend,
• (Long-Term) 100 Week: 900 Down Trend,
• (Long-Term) 200 Week: 1286 Down Trend.

Recent Trade Signals

• 25 Feb 2026: Short ZW 05-26 @ 565.5 Signals.USAR.TR120
• 18 Feb 2026: Long ZW 05-26 @ 551.75 Signals.USAR-WSFG

Overall Rating

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

Key Insights Summary

The ZW Chicago SRW Wheat Futures weekly chart shows a market in transition. Price action is subdued with medium bars and slow momentum, reflecting a lack of strong conviction in either direction. The short-term trend remains bearish, as indicated by the WSFG trend and recent short trade signal, with price trading below the NTZ center and all key moving averages trending down. However, the intermediate-term outlook is more constructive, with the MSFG trend up and price above the monthly NTZ, supported by an uptrend in the HiLo swing pivot metric. The long-term trend remains bearish, with all major moving averages (20, 55, 100, 200 week) sloping downward and price well below these benchmarks. Key resistance levels are far overhead, while the nearest support is at 501.25. The market appears to be in a corrective phase within a broader downtrend, with potential for countertrend rallies but persistent overhead resistance. Volatility remains moderate, and the chart structure suggests a possible base-building process, but confirmation of a sustained reversal is lacking at this stage.