ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Jun-02 07:10 CT
Price Action
- Last: 602.25,
- Bars: Medium,
- Mom: slow.
WSFG Weekly
- Short-Term
- WSFG Current: -18%
- F0%/NTZ' Bias: Price Below,
- WSFG Trend: Down.
MSFG Month Jun
- Intermediate-Term
- MSFG Current: -11%
- F0%/NTZ' Bias: Price Below,
- MSFG Trend: Down.
YSFG Year 2026
- Long-Term
- YSFG Current: 32%
- 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 602.25,
- 4. Pvt. Next: Pvt High 680.75,
- 5. Levels R: 1574.75, 1211.25, 988.50, 868.25, 723.25,
- 6. Levels S: 602.25, 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
- 02 Jun 2026: Short ZW 07-26 @ 603.5 Signals.USAR-MSFG
- 01 Jun 2026: Short ZW 07-26 @ 608.25 Signals.USAR-WSFG
- 27 May 2026: Short ZW 07-26 @ 624.25 Signals.USAR.TR720
Overall Rating
- Short-Term: Bearish,
- Intermediate-Term: Bearish,
- Long-Term: Neutral.
Key Insights Summary
Weekly wheat is in a mature downtrend with price sitting near the 602 area after a sharp recovery from the low 509.50 pivot and a return back into the lower end of the 2026 Yearly Session Fib Grid. Short-term structure remains bearish because price is under the weekly and monthly Fib bias, the pivot trend is DTrend, and the latest signals continue to print short. Intermediate conditions are mixed to softer: the 20/55 day benchmarks are still rising, but price is below the 5/10 day averages and the monthly Fib is negative, which keeps the swing tone defensive. Long-term structure is less one-sided than the weekly chart suggests, with price above the 2026 yearly F0% zone and the 100-day average holding as a support reference, while the 200-day remains well above and still sloping down. The chart shows a broader multi-year decline with repeated lower highs, but also a developing rebound phase off the 509.50 pivot that has not yet repaired the larger bearish sequence.
Chart Analysis ATS AI Generated: 2026-06-02 07:10 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.