ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Jun-05 07:09 CT

Price Action

Last: 575.75,
Bars: Large,
Mom: fast.

WSFG Weekly

Short-Term
WSFG Current: -73%
F0%/NTZ' Bias: Price Below,
WSFG Trend: Down.

MSFG Month Jun

Intermediate-Term
MSFG Current: -37%
F0%/NTZ' Bias: Price Below,
MSFG Trend: Down.

YSFG Year 2026

Long-Term
YSFG Current: 23%
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 578.25,
4. Pvt. Next: Pvt High 657.75,
5. Levels R: 1574.75, 1211.25, 986.50, 868.25, 723.25,
6. Levels S: 578.25, 575.75, 509.50.

Weekly Benchmarks

(Short-Term) 5 Day: 629.75 Down Trend,
(Short-Term) 10 Day: 616.5 Down Trend,
(Intermediate-Term) 20 Day: 595.25 Up Trend,
(Intermediate-Term) 55 Day: 592.75 Up Trend,
(Long-Term) 100 Day: 607.5 Up Trend,
(Long-Term) 200 Day: 742.5 Down Trend.

Recent Trade Signals

03 Jun 2026: Short ZW 07-26 @ 601.75 Signals.USAR-WSFG
03 Jun 2026: Short ZW 07-26 @ 597.5 Signals.USAR-MSFG

Overall Rating

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

Key Insights Summary

Chicago SRW Wheat remains in a broad secular decline with a series of lower highs and lower lows, while the 2026 yearly fib grid still sits in a positive zone above F0%. The weekly structure is still weak, with price pressing back toward the lower pivot/support band near 578.25 to 575.75 after a sharp rebound attempt stalled under the 657.75 pivot-high reversal area. Short-term weekly and monthly session grids both read below F0% with down trends, reinforcing bearish momentum, while the long-term picture is mixed because the yearly grid remains constructive even as the 200-day benchmark stays in a down trend. Recent price action reflects a volatile, choppy selloff-and-bounce sequence, with rallies getting sold into beneath layered resistance from 657.75 up through 723.25 and 866.25, leaving the market in a weak consolidation near the lower end of the 2026 yearly box.