ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Jun-23 07:10 CT

Price Action

• Last: 604.75,
• Bars: Medium,
• Mom: slow.

WSFG Weekly

• Short-Term
• WSFG Current: -17%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Jun

• Intermediate-Term
• MSFG Current: -18%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 31%
• 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 579.00,
• 4. Pvt. Next: Pvt High 686.00,
• 5. Levels R: 1582.75, 1219.25, 994.50, 874.25, 731.25,
• 6. Levels S: 579.00, 517.50.

Weekly Benchmarks

• (Short-Term) 5 Day: 613.5 Up Trend,
• (Short-Term) 10 Day: 621.5 Down Trend,
• (Intermediate-Term) 20 Day: 611.5 Up Trend,
• (Intermediate-Term) 55 Day: 600.5 Up Trend,
• (Long-Term) 100 Day: 612.5 Down Trend,
• (Long-Term) 200 Day: 743.5 Down Trend.

Recent Trade Signals

• 23 Jun 2026: Short ZW 09-26 @ 604.75 Signals.USAR-MSFG
• 22 Jun 2026: Short ZW 09-26 @ 607.5 Signals.USAR.TR120
• 22 Jun 2026: Short ZW 09-26 @ 612 Signals.USAR-WSFG
• 17 Jun 2026: Long ZW 07-26 @ 611 Signals.USAR.TR720

Overall Rating

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

Key Insights Summary

Wheat remains in a broad bearish weekly structure, with price trading below the weekly and monthly session fib grids and the short/intermediate pivot trend still pressing lower. The recent cluster of short signals aligns with the weak weekly tone, while the current bounce is best viewed against a larger down-sloping benchmark backdrop that still has the 100-day and 200-day measures leaning lower. At the same time, the 2026 yearly fib grid sits above its F0% midpoint, keeping the long-term yearly framework constructive even as the weekly chart continues to work through a lower-high, lower-low sequence and a choppy retracement phase near the 600 area.