ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-May-21 07:11 CT

Price Action

• Last: 689.00,
• Bars: Large,
• Mom: Fast.

WSFG Weekly

• Short-Term
• WSFG Current: 17%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month May

• Intermediate-Term
• MSFG Current: 18%
• F0%/NTZ' Bias: Price Above,
• MSFG Trend: Up.

YSFG Year 2026

• Long-Term
• YSFG Current: 52%
• 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

• 21 May 2026: Short ZW 07-26 @ 652.5 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

Overall Rating

• Short-Term: Bullish,
• Intermediate-Term: Bullish,
• Long-Term: Bullish.

Key Insights Summary

Weekly price action is in a sharp recovery phase with a fast upside impulse pushing price back into the upper part of the 2026 yearly session range near 689. The swing structure remains constructive, with the current pivot trend and HiLo trend both aligned UTrend and the most recent pivot registering a higher swing high at 688.25. Price is holding above the WSFG, MSFG, and YSFG f0%/NTZ bias lines, which keeps the three time-frame session framework pointed higher. Benchmark moving averages are stacked in a broadly supportive configuration across the 5, 10, 20, 55, and 100-day measures, while the 200-day remains the lone longer-cycle bearish holdover. Recent signal flow shows a quick back-and-forth sequence between short and long triggers, matching the choppy but upward-biased transition from consolidation into breakout extension. From a swing trader view, the chart is emphasizing trend continuation off a deep prior selloff, with expanding momentum, higher lows, and a reclaim of upper fib territory defining the current cycle.