ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Jun-24 07:09 CT

Price Action

• Last: 584.00,
• Bars: Medium,
• Mom: average.

WSFG Weekly

• Short-Term
• WSFG Current: -39%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Jun

• Intermediate-Term
• MSFG Current: -29%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 27%
• 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: 613.50 Up Trend,
• (Short-Term) 10 Day: 621.50 Down Trend,
• (Intermediate-Term) 20 Day: 611.50 Up Trend,
• (Intermediate-Term) 55 Day: 600.50 Up Trend,
• (Long-Term) 100 Day: 612.50 Up Trend,
• (Long-Term) 200 Day: 743.50 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: Neutral.

Key Insights Summary

Wheat remains in a broad downtrend structure with price still below the weekly and monthly F0%/NTZ levels, matching the negative WSFG and MSFG readings and the fresh cluster of short signals. The swing pivot framework stays short-term bearish, with the current pivot evolution marked by a recent pivot low at 579.00 and the next pivot type projecting a pivot high at 686.00 if the market continues to cycle. Price is trading near the 20, 55, and 100-day benchmark zone, showing a compressed and reactive tape rather than a clean directional breakout, while the 200-day remains materially higher and still points to the larger bearish legacy trend. The yearly grid is the main long-term offset, as 2026 is still above its yearly F0% line and holds an up bias, but that longer-cycle strength has not yet overridden the weaker weekly and monthly structure. Overall, the chart reads as a countertrend bounce inside a larger multi-year decline, with volatility shaped by repeated test-and-rejection swings, lower-high attempts, and an ongoing transition between rally legs and selloff legs.