ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Jul-10 07:09 CT

Price Action

• Last: 614.5,
• Bars: Large,
• Mom: fast.

WSFG Weekly

• Short-Term
• WSFG Current: 51%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month Jul

• Intermediate-Term
• MSFG Current: 28%
• F0%/NTZ' Bias: Price Above,
• MSFG Trend: Up.

YSFG Year 2026

• Long-Term
• YSFG Current: 35%
• 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 574.00,
• 4. Pvt. Next: Pvt high 656.00,
• 5. Levels R: 1582.75, 1219.25, 994.50, 874.25, 731.25,
• 6. Levels S: 574.00, 517.50.

Weekly Benchmarks

• (Short-Term) 5 Day: 596.75 Up Trend,
• (Short-Term) 10 Day: 617.25 Up Trend,
• (Intermediate-Term) 20 Day: 615.25 Up Trend,
• (Intermediate-Term) 55 Day: 600.00 Down Trend,
• (Long-Term) 100 Day: 611.00 Down Trend,
• (Long-Term) 200 Day: 738.75 Down Trend.

Recent Trade Signals

• 10 Jul 2026: Long ZW 09-26 @ 614.5 Signals.USAR-MSFG
• 07 Jul 2026: Long ZW 09-26 @ 614.75 Signals.USAR.TR720
• 06 Jul 2026: Long ZW 09-26 @ 604.5 Signals.USAR-WSFG

Overall Rating

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

Key Insights Summary

Wheat is trading in a broad multi-year downtrend, but the current weekly structure has turned constructive with price pressing above the weekly, monthly, and yearly F0%/NTZ reference areas. The latest action shows a strong rebound from the 2026 low near 517.50, followed by a fast rally back into the 600s and a test of the 650-700 zone, which reflects a sharp counter-trend recovery inside a larger bearish backdrop. Short-term pivot trend remains DTrend, yet the intermediate pivot structure has improved, and the sequence of recent long signals across WSFG, TR720, and MSFG confirms momentum has shifted higher. Benchmarks are mixed, with the shorter averages holding support underneath price while the longer averages remain overhead and still flattening to bearish, keeping the larger picture neutral rather than fully trend-impulsive. The chart is behaving like a recovery leg with higher lows and strong retracement behavior, but the broader resistance layers above 731.25, 874.25, and 994.50 define the next major supply bands in the historical swing structure.