ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Apr-24 07:09 CT
Price Action
- Last: 618.75,
- Bars: Medium,
- Mom: Momentum average.
WSFG Weekly
- Short-Term
- WSFG Current: 42%
- F0%/NTZ' Bias: Price Above,
- WSFG Trend: Up.
MSFG Month Apr
- Intermediate-Term
- MSFG Current: -18%
- F0%/NTZ' Bias: Price Below,
- MSFG Trend: Down.
YSFG Year 2026
- Long-Term
- YSFG Current: 37%
- 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, 1371.75,
- 6. Levels S: 550.00, 509.50.
Weekly Benchmarks
- (Intermediate-Term) 5 Week: 600.63 Up Trend,
- (Intermediate-Term) 10 Week: 564.39 Up Trend,
- (Long-Term) 20 Week: 565.95 Up Trend,
- (Long-Term) 55 Week: 585.45 Down Trend,
- (Long-Term) 100 Week: 716.24 Down Trend,
- (Long-Term) 200 Week: 757.31 Down Trend.
Recent Trade Signals
- 23 Apr 2026: Long ZW 07-26 @ 617.75 Signals.USAR.TR720
- 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: Neutral.
Key Insights Summary
The ZW Chicago SRW Wheat Futures weekly chart shows a market in transition. Short-term momentum has shifted bullish, supported by recent long signals and an uptrend in the weekly session fib grid (WSFG), with price action above the NTZ center and key short-term moving averages trending higher. However, the intermediate-term picture remains bearish, as indicated by the monthly session fib grid (MSFG) trend and a downtrend in the HiLo swing pivot, suggesting that the recent rally is still counter to the prevailing medium-term trend. Long-term signals are mixed: while the yearly session fib grid (YSFG) is up and price is above the yearly NTZ center, the 55, 100, and 200 week moving averages are still trending down, indicating that the broader trend has not fully reversed. Key resistance levels are clustered above at 650 and 723, while support is found at 550 and 509. The market appears to be in a recovery phase from a prolonged downtrend, with potential for further upside if short-term strength persists and intermediate-term resistance is overcome. Volatility remains moderate, and the chart structure suggests a possible base-building phase, but confirmation of a sustained long-term reversal is still pending.
Chart Analysis ATS AI Generated: 2026-04-24 07:10 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.