ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Mar-08 18:11 CT

Price Action

• Last: 618.25,
• Bars: Medium,
• Mom: Momentum average.

WSFG Weekly

• Short-Term
• WSFG Current: 58%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month Mar

• Intermediate-Term
• MSFG Current: 37%
• F0%/NTZ' Bias: Price Above,
• MSFG Trend: Up.

YSFG Year 2026

• Long-Term
• YSFG Current: 40%
• 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 618.25,
• 4. Pvt. Next: Pvt Low 553.50,
• 5. Levels R: 850.00, 823.00, 778.00, 687.75, 615.00,
• 6. Levels S: 501.25.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 553.75 Up Trend,
• (Intermediate-Term) 10 Week: 537.75 Up Trend,
• (Long-Term) 20 Week: 593.75 Up Trend,
• (Long-Term) 55 Week: 659.75 Down Trend,
• (Long-Term) 100 Week: 810.25 Down Trend,
• (Long-Term) 200 Week: 776.78 Down Trend.

Recent Trade Signals

• 05 Mar 2026: Long ZW 05-26 @ 585 Signals.USAR.TR120

Overall Rating

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

Key Insights Summary

The ZW Chicago SRW Wheat Futures weekly chart shows a notable shift in momentum, with price action breaking above key short- and intermediate-term Fibonacci grid levels and moving averages. Both the short-term and intermediate-term trends have turned bullish, supported by upward pivots and a recent long trade signal. The price is currently above the NTZ center and all short/intermediate moving averages, indicating a strong recovery from recent lows. However, long-term benchmarks (55, 100, 200 week MAs) remain in a downtrend, suggesting that while a bullish reversal is underway, the market is still contending with overhead resistance from prior downtrends. Key resistance levels are clustered between 615 and 850, with the next major support at 501.25. The overall structure suggests a potential trend continuation if price can sustain above the 20-week MA and break through higher resistance zones, but the long-term trend remains neutral until those upper benchmarks are reclaimed.