ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Apr-29 07:10 CT

Price Action

Last: 663.25,
Bars: Small,
Mom: average.

WSFG Weekly

Short-Term
WSFG Current: 144%
F0%/NTZ' Bias: Price Above,
WSFG Trend: Up.

MSFG Month Apr

Intermediate-Term
MSFG Current: 68%
F0%/NTZ' Bias: Price Above,
MSFG Trend: Up.

YSFG Year 2026

Long-Term
YSFG Current: 54%
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 683.75,
4. Pvt. Next: Pvt Low 591.25,
5. Levels R: 1574.75, 1211.25, 988.50, 866.25, 723.25,
6. Levels S: 575.75, 509.50.

Weekly Benchmarks

(Short-Term) 5 Day: 603 Up Trend,
(Short-Term) 10 Day: 605.6 Up Trend,
(Intermediate-Term) 20 Day: 569 Up Trend,
(Intermediate-Term) 55 Day: 585.5 Up Trend,
(Long-Term) 100 Day: 614 Down Trend,
(Long-Term) 200 Day: 754.25 Down Trend.

Recent Trade Signals

28 Apr 2026: Long ZW 07-26 @ 640 Signals.USAR-MSFG
27 Apr 2026: Long ZW 07-26 @ 621.25 Signals.USAR-WSFG
23 Apr 2026: Long ZW 07-26 @ 617.75 Signals.USAR.TR720

Overall Rating

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

Key Insights Summary

Wheat is in a broad multi-year downtrend, but the current weekly structure has shifted back to a bullish swing phase with price holding above the weekly, monthly, and yearly F0/NTZ references. The latest weekly candle is relatively small near 663.25, showing consolidation after a strong recovery leg, while the swing pivot model remains UTrend on both the short-term and intermediate-term reads. Benchmark alignment is constructive across the 5, 10, 20, and 55 day measures, reinforcing the current upside bias, even as the 100 and 200 day references remain overhead from the longer-cycle decline. Recent long signals on the weekly, monthly, and long-cycle frameworks confirm that the market has been rotating upward from the 2026 low area into a rebound/rally phase with higher lows and tested resistance zones now in focus.