ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-May-11 07:10 CT
Price Action
- Last: 626.25,
- Bars: Medium,
- Mom: slow.
WSFG Weekly
- Short-Term
- WSFG Current: 11%
- F0%/NTZ' Bias: Price Above,
- WSFG Trend: Up.
MSFG Month May
- Intermediate-Term
- MSFG Current: -22%
- F0%/NTZ' Bias: Price Below,
- MSFG Trend: Down.
YSFG Year 2026
- Long-Term
- YSFG Current: 40%
- 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, 868.25, 723.25,
- 6. Levels S: 575.75, 509.50.
Weekly Benchmarks
- (Short-Term) 5 Day: 610.5 Up Trend,
- (Short-Term) 10 Day: 612.25 Up Trend,
- (Intermediate-Term) 20 Day: 579 Up Trend,
- (Intermediate-Term) 55 Day: 588.5 Up Trend,
- (Long-Term) 100 Day: 610.5 Up Trend,
- (Long-Term) 200 Day: 749 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: Neutral,
- Intermediate-Term: Bearish,
- Long-Term: Bullish.
Key Insights Summary
Chicago SRW wheat is still trading inside a broader multi-year downtrend, but the weekly structure has stabilized above the weekly F0/NTZ with the WSFG back in positive territory and the pivot trend pointed up. Price at 626.25 is holding above the clustered 5, 10, 20, 55, and 100 day benchmarks, which supports a constructive weekly swing tone, yet the month is still negative and the recent signal cluster is heavily short-biased, showing that the rally is working against a still-soft intermediate backdrop. The yearly fib grid remains positive and the current action sits well above the year’s lower NTZ area, while the next pivot low at 599.00 and the nearby support band around 575.75 and 509.50 define the lower structure on the chart. The broader picture remains one of a long decline from the 2022 highs, a 2024 rebound, then a 2025-2026 base-and-recovery phase with choppy swings, lower highs being challenged, and a recent push back toward the 630s after testing spring support.
Chart Analysis ATS AI Generated: 2026-05-11 07:10 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.