ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Apr-23 07:12 CT

Price Action

• Last: 611.50,
• Bars: Medium,
• Mom: Momentum average.

WSFG Weekly

• Short-Term
• WSFG Current: 23%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month Apr

• Intermediate-Term
• MSFG Current: -29%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 34%
• F0%/NTZ' Bias: Price Above,
• YSFG Trend: Up.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 5. Levels R: 650.00, 723.25, 866.25, 1211.25, 1373.75,
• 6. Levels S: 565.25, 509.50.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 584.39 Up Trend,
• (Intermediate-Term) 10 Week: 565.25 Up Trend,
• (Long-Term) 20 Week: 590.53 Neutral,
• (Long-Term) 55 Week: 758.45 Down Trend,
• (Long-Term) 100 Week: 876.94 Down Trend,
• (Long-Term) 200 Week: 1069.26 Down Trend.

Recent Trade Signals

• 21 Apr 2026: Long ZW 07-26 @ 611 Signals.USAR-WSFG
• 17 Apr 2026: Short ZW 05-26 @ 589.25 Signals.USAR.TR120

Overall Rating

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

Key Insights Summary

The weekly chart for ZW Chicago SRW Wheat Futures shows a notable shift in short-term momentum, with price action breaking above the NTZ center and the WSFG trend turning up. The most recent swing pivot trend is upward, supported by consecutive higher lows and a recent long signal, indicating a short-term bullish bias. However, the intermediate-term MSFG remains in a downtrend, with price still below the monthly NTZ and the HiLo trend pointing down, suggesting that the broader corrective phase is not yet resolved. Long-term benchmarks (55, 100, 200 week MAs) are all trending down, reinforcing a bearish outlook for the larger cycle despite the current bounce. Resistance levels at 650 and above could cap rallies, while support at 565 and 509.50 are key for any pullbacks. The market appears to be in a recovery phase from a prolonged selloff, with potential for further upside in the short term, but faces significant overhead resistance and remains vulnerable to renewed selling pressure if the intermediate and long-term trends reassert themselves.