ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Mar-06 07:14 CT

Price Action

• Last: 600.50,
• Bars: Medium,
• Mom: Momentum average.

WSFG Weekly

• Short-Term
• WSFG Current: -1%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Mar

• Intermediate-Term
• MSFG Current: -1%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 33%
• F0%/NTZ' Bias: Price Above,
• YSFG Trend: Up.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt High 603.75,
• 4. Pvt. Next: Pvt Low 559.25,
• 5. Levels R: 850.00, 823.00, 778.00, 687.75, 618.57,
• 6. Levels S: 501.25.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 553.95 Up Trend,
• (Intermediate-Term) 10 Week: 537.75 Up Trend,
• (Long-Term) 20 Week: 589.23 Up Trend,
• (Long-Term) 55 Week: 599.72 Down Trend,
• (Long-Term) 100 Week: 716.95 Down Trend,
• (Long-Term) 200 Week: 776.78 Down Trend.

Recent Trade Signals

• 05 Mar 2026: Long ZW 05-26 @ 585 Signals.USAR.TR120
• 27 Feb 2026: Long ZW 05-26 @ 583 Signals.USAR-WSFG

Overall Rating

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

Key Insights Summary

The ZW Chicago SRW Wheat Futures weekly chart shows a notable shift in short-term momentum, with price recently breaking above key short-term moving averages and forming an upward swing pivot. This is supported by recent long trade signals and a short-term uptrend in both the 5- and 10-week benchmarks. However, intermediate and long-term trends remain bearish, as indicated by the downward direction of the 55-, 100-, and 200-week moving averages and the prevailing downtrend in the HiLo swing pivot. Price is currently testing resistance near 603.75, with significant overhead resistance levels at 618.57 and 687.75, while strong support is established at 501.25. The long-term YSFG trend is up, suggesting a potential for a broader recovery, but the market remains in a corrective phase within a larger downtrend. The current environment reflects a possible short-term bounce or retracement within a longer-term bearish structure, with volatility and choppy price action likely as the market tests key resistance zones.