ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Apr-08 07:13 CT

Price Action

• Last: 579.25,
• Bars: Medium,
• Mom: Momentum slow.

WSFG Weekly

• Short-Term
• WSFG Current: -51%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Apr

• Intermediate-Term
• MSFG Current: -71%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 24%
• F0%/NTZ' Bias: Price Above,
• YSFG Trend: Up.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt low 579.25,
• 4. Pvt. Next: Pvt high 641.75,
• 5. Levels R: 641.75, 715.00, 858.00, 1020.00, 1230.00, 1603.00,
• 6. Levels S: 579.25, 501.25.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 585.71 Down Trend,
• (Intermediate-Term) 10 Week: 585.72 Down Trend,
• (Long-Term) 20 Week: 612.31 Down Trend,
• (Long-Term) 55 Week: 675.75 Down Trend,
• (Long-Term) 100 Week: 706.34 Down Trend,
• (Long-Term) 200 Week: 756.60 Down Trend.

Recent Trade Signals

• 07 Apr 2026: Short ZW 05-26 @ 592.5 Signals.USAR-WSFG
• 01 Apr 2026: Short ZW 05-26 @ 603 Signals.USAR.TR120

Overall Rating

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

Key Insights Summary

The ZW Chicago SRW Wheat Futures market continues to exhibit pronounced bearish momentum in both the short- and intermediate-term timeframes, as evidenced by the persistent downtrend in swing pivots, negative WSFG and MSFG readings, and a series of lower highs and lower lows. Price remains below all key moving averages, with the 5, 10, 20, 55, 100, and 200-week benchmarks all trending downward, reinforcing the prevailing weakness. The most recent swing pivot has established a new low at 579.25, with the next resistance level at 641.75, suggesting that any rallies may encounter significant overhead supply. The long-term YSFG trend has turned up, but price action has yet to confirm a sustained reversal, as the market remains below major resistance and within a broader consolidation zone. Recent trade signals have favored the short side, aligning with the dominant trend. Overall, the market is in a corrective or basing phase after an extended decline, with volatility subdued and no clear signs of a bullish reversal at this stage.