ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-May-19 07:10 CT
Price Action
- Last: 688.25,
- Bars: Large,
- Mom: Fast.
WSFG Weekly
- Short-Term
- WSFG Current: 45%
- F0%/NTZ' Bias: Price Above,
- WSFG Trend: Up.
MSFG Month May
- Intermediate-Term
- MSFG Current: 38%
- F0%/NTZ' Bias: Price Above,
- MSFG Trend: Up.
YSFG Year 2026
- Long-Term
- YSFG Current: 57%
- 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, 806.25, 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 @ 663 Signals.USAR.TR120
- 18 May 2026: Long ZW 07-26 @ 657.75 Signals.USAR-WSFG
- 15 May 2026: Short ZW 07-26 @ 633.75 Signals.USAR-MSFG
- 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 strong weekly rebound phase after a prolonged multi-year downtrend, with the latest weekly push reaching back into the upper swing area near the prior pivot high at 688.25. Price is trading above the weekly, monthly, and yearly NTZ/F0% reference zones, matching the bullish alignment across WSFG, MSFG, and YSFG. Swing pivot structure is constructive with UTrend across both the short-term pivot trend and the intermediate hi/lo trend, while the recent signals show consecutive long entries dominating the latest turn. Benchmarks are clustered well below current price on the 5, 10, 20, 55, and 100 day measures, showing strong upside extension, even though the 200 day remains well above and still reflects the larger legacy downtrend. The chart now looks like a sharp rally leg within a larger recovery attempt, with momentum fast and bar expansion confirming an energetic breakout/recovery pattern rather than a quiet consolidation.
Chart Analysis ATS AI Generated: 2026-05-19 07:10 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.