ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-May-07 07:10 CT
Price Action
- Last: 613.75,
- Bars: Small,
- Mom: slow.
WSFG Weekly
- Short-Term
- WSFG Current: -63%
- F0%/NTZ' Bias: Price Below,
- WSFG Trend: Down.
MSFG Month May
- Intermediate-Term
- MSFG Current: -40%
- F0%/NTZ' Bias: Price Below,
- MSFG Trend: Down.
YSFG Year 2026
- Long-Term
- YSFG Current: 35%
- 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: 608 Up Trend,
- (Short-Term) 10 Day: 610.25 Up Trend,
- (Intermediate-Term) 20 Day: 574 Up Trend,
- (Intermediate-Term) 55 Day: 587.5 Up Trend,
- (Long-Term) 100 Day: 612.25 Up Trend,
- (Long-Term) 200 Day: 752 Down Trend.
Recent Trade Signals
- 06 May 2026: Short ZW 07-26 @ 613.75 Signals.USAR.TR720
- 05 May 2026: Short ZW 07-26 @ 626.5 Signals.USAR-MSFG
- 05 May 2026: Short ZW 07-26 @ 626.5 Signals.USAR.TR120
- 05 May 2026: Short ZW 07-26 @ 632.5 Signals.USAR-WSFG
Overall Rating
- Short-Term: Bearish,
- Intermediate-Term: Bearish,
- Long-Term: Neutral.
Key Insights Summary
Weekly wheat remains in a broad bearish swing structure, with price pressing near the lower end of the 2026 yearly NTZ while still holding above the yearly F0% zone, which keeps the longer-term structure constructive but not confirmed bullish. The short-term and monthly session fib grids are both below their F0% centers, matching the downside signal cluster and the sequence of recent short alerts. Swing pivots still show an upward short-term pivot trend and rising higher-lows from the 2026 base, but the latest pivot road map points to a pending low pivot near 599.00 after the recent high at 671.50. Benchmarks are mixed-to-firm below price except the 200-day, which remains well overhead and defines the heavier long-term downtrend backdrop. The chart reflects a market that has been trending lower for an extended period, with intermittent corrective rallies, lower highs, and repeated tests of support within a choppy but still downward-leaning weekly swing environment.
Chart Analysis ATS AI Generated: 2026-05-07 07:10 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.