ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-May-20 07:09 CT

Price Action

• Last: 688.25,
• Bars: Large,
• Mom: fast.

WSFG Weekly

• Short-Term
• WSFG Current: 44%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month May

• Intermediate-Term
• MSFG Current: 37%
• 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: Neutral.

Key Insights Summary

Weekly wheat is in a strong rebound phase with price surging back above the short- and intermediate-term benchmark averages and printing a fresh pivot high at 688.25. The swing structure has turned upward on both the short-term pivot trend and the HiLo trend, while the weekly, monthly, and yearly session fib grids all remain in bullish alignment with price holding above their F0%/NTZ centers. Recent trade signals also lean constructive, with two recent long signals offsetting the earlier short signal, reflecting the current upside reversal and continuation attempt. The larger backdrop still shows a long-term down-sloping 200-day benchmark, so the bigger-picture structure remains mixed-to-improving, but the dominant weekly action is a sharp rally off the 509.50 support area and a move into the upper part of the current yearly NTZ.