ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-May-22 07:09 CT
Price Action
- Last: 689.00,
- Bars: Large,
- Mom: fast.
WSFG Weekly
- Short-Term
- WSFG Current: -5%
- F0%/NTZ' Bias: Price Below,
- WSFG Trend: Down.
MSFG Month May
- Intermediate-Term
- MSFG Current: 4%
- F0%/NTZ' Bias: Price Above,
- MSFG Trend: Up.
YSFG Year 2026
- Long-Term
- YSFG Current: 48%
- 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: 584.5 Up Trend,
- (Intermediate-Term) 55 Day: 590.25 Up Trend,
- (Long-Term) 100 Day: 609.25 Up Trend,
- (Long-Term) 200 Day: 747 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: Neutral,
- Intermediate-Term: Bullish,
- Long-Term: Neutral.
Key Insights Summary
Weekly wheat is still working through a larger downtrend structure, but the latest bar shows a sharp upside expansion back into the upper part of the recent range. Price is above the 5, 10, 20, 55, and 100 day benchmarks, which improves the intermediate tone, while the 200 day remains well overhead and keeps the broader long-term backdrop mixed. Swing pivot structure has turned UTrend, with the latest evolution marking a pivot high and the next reference a lower pivot low, reflecting a market that has rebounded but has not yet fully resolved the larger bearish sequence. The weekly fib grid remains below the F0% centerline, matching the short-term down bias, while the monthly and yearly grids stay above their centerlines and keep the intermediate and long-term frameworks constructive. Recent signal flow has been choppy and rotational, with alternating long and short alerts, consistent with a market in transition rather than a clean trend continuation.
Chart Analysis ATS AI Generated: 2026-05-22 07:10 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.