ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-May-01 07:09 CT
Price Action
- Last: 639.50,
- Bars: Medium,
- Mom: Average.
WSFG Weekly
- Short-Term
- WSFG Current: 74%
- F0%/NTZ' Bias: Price Above,
- WSFG Trend: Up.
MSFG Month May
- Intermediate-Term
- MSFG Current: -4%
- F0%/NTZ' Bias: Price Below,
- MSFG Trend: Down.
YSFG Year 2026
- Long-Term
- YSFG Current: 45%
- 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 671.50,
- 4. Pvt. Next: Pvt Low 599.00,
- 5. Levels R: 1574.75, 1211.25, 986.50, 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 Up Trend,
- (Long-Term) 200 Day: 754.25 Down Trend.
Recent Trade Signals
- 30 Apr 2026: Short ZW 07-26 @ 646.25 Signals.USAR.TR120
- 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: Neutral,
- Long-Term: Bullish.
Key Insights Summary
Wheat is in a broader long-cycle recovery attempt inside a still-developing long-term downtrend from the 200-day, but the weekly structure has improved decisively with price holding above the weekly F0%/NTZ and the WSFG reading firmly positive. The pivot structure is aligned with an uptrend and the current swing has already progressed from a higher-low base into a push toward the 671.50 pivot high. Intermediate conditions remain mixed because the May MSFG is still below F0%/NTZ and the latest signal flipped short after a cluster of recent longs, reflecting a market that is rotating rather than accelerating cleanly. The tape looks like a rebound within a larger secular decline, with overlapping reactions, failed pushes, and a recent reclaim of the 600s suggesting higher-low behavior against a long series of descending swing highs.
Chart Analysis ATS AI Generated: 2026-05-01 07:09 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.