ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-May-18 07:10 CT
Price Action
- Last: 659.00,
- Bars: Large,
- Mom: Fast.
WSFG Weekly
- Short-Term
- WSFG Current: 21%
- F0%/NTZ' Bias: Price Above,
- WSFG Trend: Up.
MSFG Month May
- Intermediate-Term
- MSFG Current: 21%
- F0%/NTZ' Bias: Price Above,
- MSFG Trend: Up.
YSFG Year 2026
- Long-Term
- YSFG Current: 53%
- 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 688.25,
- 4. Pvt. Next: Pvt Low 611.25,
- 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: 621.75 Up Trend,
- (Short-Term) 10 Day: 613.25 Up Trend,
- (Intermediate-Term) 20 Day: 584.50 Up Trend,
- (Intermediate-Term) 55 Day: 590.25 Up Trend,
- (Long-Term) 100 Day: 609.25 Up Trend,
- (Long-Term) 200 Day: 747.00 Down Trend.
Recent Trade Signals
- 18 May 2026: Long ZW 07-26 @ 655.75 Signals.USAR-WSFG
- 15 May 2026: Short ZW 07-26 @ 633.75 Signals.USAR-MSFG
- 14 May 2026: Short ZW 07-26 @ 654.5 Signals.USAR.TR120
- 12 May 2026: Long ZW 07-26 @ 651.75 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 structurally, but the current weekly tape is showing a strong recovery phase with price pushing back above the weekly, monthly, and yearly F0/NTZ areas. The latest weekly bar is a large, fast upside expansion, consistent with a momentum breakout rather than a quiet consolidation. Short-term and intermediate-term pivot trends are aligned bullish, and the recent signal stack also leans positive with the latest WSFG long overriding the prior countertrend shorts. Benchmark averages cluster well below current price for the 5, 10, 20, 55, and 100-day measures, reinforcing the strength of the rebound, while the 200-day remains overhead and still trends down, marking the longer-term structural headwind. The current swing structure points to a higher-high / higher-low sequence attempt, with resistance levels overhead and support holding beneath the market, framing the chart as a rally within a larger secular decline.
Chart Analysis ATS AI Generated: 2026-05-18 07:10 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.