ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Jun-18 07:09 CT

Price Action

• Last: 577.00,
• Bars: Medium,
• Mom: slow.

WSFG Weekly

• Short-Term
• WSFG Current: 101%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month Jun

• Intermediate-Term
• MSFG Current: 5%
• F0%/NTZ' Bias: Price Above,
• MSFG Trend: Up.

YSFG Year 2026

• Long-Term
• YSFG Current: 38%
• 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 571.00,
• 4. Pvt. Next: Pvt High 652.00,
• 5. Levels R: 1574.75, 1211.25, 986.50, 806.25, 723.25,
• 6. Levels S: 571.00, 509.50.

Weekly Benchmarks

• (Short-Term) 5 Day: 611.50 Down Trend,
• (Short-Term) 10 Day: 611.00 Down Trend,
• (Intermediate-Term) 20 Day: 600.50 Down Trend,
• (Intermediate-Term) 55 Day: 592.00 Down Trend,
• (Long-Term) 100 Day: 605.00 Down Trend,
• (Long-Term) 200 Day: 737.50 Down Trend.

Recent Trade Signals

• 17 Jun 2026: Long ZW 07-26 @ 611 Signals.USAR.TR720
• 12 Jun 2026: Long ZW 07-26 @ 592.75 Signals.USAR-WSFG

Overall Rating

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

Key Insights Summary

Chicago SRW wheat remains in a broad multi-year downtrend, with price pressed below the 5, 10, 20, 55, 100, and 200 day benchmarks, showing weak structure and persistent overhead supply. The weekly swing pivot state is still negative with DTrend active, while the latest sequence shows a bounce off the 571 area followed by a sharp rejection back into the lower part of the current range. The chart is still operating under the dominant descending moving-average stack and below prior resistance bands near 652 to 688, keeping the tape technically heavy despite brief countertrend rallies. The yearly and monthly fib grids remain positioned above current price, but the current weekly action looks more like a corrective rebound inside a larger bearish cycle than a confirmed trend reversal.