ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Jun-01 07:09 CT

Price Action

Last: 620.00,
Bars: Medium,
Mom: average.

WSFG Weekly

Short-Term
WSFG Current: 0%
F0%/NTZ' Bias: Price Neutral,
WSFG Trend: Neutral.

MSFG Month Jun

Intermediate-Term
MSFG Current: -1%
F0%/NTZ' Bias: Price Below,
MSFG Trend: Down.

YSFG Year 2026

Long-Term
YSFG Current: 35%
F0%/NTZ' Bias: Price Above,
YSFG Trend: Up.

Swing Pivots

(Short-Term) 1. Pvt. Trend: DTrend,
(Intermediate-Term) 2. HiLo Trend: UTrend,
3. Pvt. Evolve: Pvt Low 609.25,
4. Pvt. Next: Pvt High 687.75,
5. Levels R: 1574.75, 1211.25, 988.50, 868.25, 723.25,
6. Levels S: 609.25, 575.75, 509.50.

Weekly Benchmarks

(Short-Term) 5 Day: 629.75 Down Trend,
(Short-Term) 10 Day: 616.50 Down Trend,
(Intermediate-Term) 20 Day: 595.25 Up Trend,
(Intermediate-Term) 55 Day: 592.75 Up Trend,
(Long-Term) 100 Day: 607.50 Up Trend,
(Long-Term) 200 Day: 742.50 Down Trend.

Recent Trade Signals

27 May 2026: Short ZW 07-26 @ 624.25 Signals.USAR.TR720
27 May 2026: Short ZW 07-26 @ 631.75 Signals.USAR-MSFG

Overall Rating

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

Key Insights Summary

Chicago SRW Wheat is still working through a broad downtrend structure with a recent bounce from the 2026 low zone near 509.50 and a push back toward the 620 area. The short-term pivot trend remains DTrend, and the recent trade signals reinforce a bearish near-term tone. Weekly price is sitting just under the 5 and 10 day benchmarks, while the 20, 55, and 100 day averages are grouped lower in a mixed-to-corrective alignment, showing a rebound inside a larger declining structure rather than a full trend reversal. The 2026 YSFG remains positive at 35% with price above the yearly NTZ midpoint, but the monthly session grid is still below its reference and keeps the intermediate picture subdued. Overall, the chart reflects a rally off major support, but with overhead pivot resistance and prior swing levels still defining the path of least resistance.