ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-May-27 07:09 CT

Price Action

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

WSFG Weekly

• Short-Term
• WSFG Current: -27%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month May

• Intermediate-Term
• MSFG Current: -24%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 40%
• 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: 631 UTrend,
• (Short-Term) 10 Day: 615.75 UTrend,
• (Intermediate-Term) 20 Day: 591 UTrend,
• (Intermediate-Term) 55 Day: 592 UTrend,
• (Long-Term) 100 Day: 608.25 UTrend,
• (Long-Term) 200 Day: 744.75 DTrend.

Recent Trade Signals

• 27 May 2026: Short ZW 07-26 @ 631.75 Signals.USAR-MSFG
• 21 May 2026: Short ZW 07-26 @ 652.5 Signals.USAR.TR120

Overall Rating

• Short-Term: Neutral,
• Intermediate-Term: Bearish,
• Long-Term: Neutral.

Key Insights Summary

Weekly wheat is in a sharp countertrend rally within a broader down-sloping structure, with price pushing up from the 2026 low area near 509.50 and tagging a fresh pivot high at 688.25. The short-term pivot trend has flipped to UTrend, and the benchmark stack from 5-day through 100-day remains aligned higher, but the 200-day benchmark still sits well overhead and is trending lower, keeping the larger structure mixed. WSFG and MSFG remain below F0%/NTZ and both read down, which fits the idea of an intermediate pullback/rally phase rather than a confirmed broad trend change. The yearly session grid remains constructive above F0%, so the long-cycle backdrop is firmer than the weekly and monthly session grids. The latest swing structure shows higher lows and a strong impulse off the 509.50 support zone, followed by a test into the 688.25 pivot high area, with overhead reference levels at 723.25 and 806.25 defining the next upside supply zones while 611.25 and 575.75 mark the nearest downside pivot supports.