ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Jul-14 07:09 CT

Price Action

Last: 655.00,
Bars: Medium,
Mom: average.

WSFG Weekly

Short-Term
WSFG Current: -38%
F0%/NTZ' Bias: Price Below,
WSFG Trend: Down.

MSFG Month Jul

Intermediate-Term
MSFG Current: 46%
F0%/NTZ' Bias: Price Above,
MSFG Trend: Up.

YSFG Year 2026

Long-Term
YSFG Current: 40%
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 685.50,
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: 607.25 Up Trend,
(Short-Term) 10 Day: 616.75 Up Trend,
(Intermediate-Term) 20 Day: 617.50 Up Trend,
(Intermediate-Term) 55 Day: 601.50 Up Trend,
(Long-Term) 100 Day: 610.50 Up Trend,
(Long-Term) 200 Day: 736.25 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

Overall Rating

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

Key Insights Summary

Wheat remains in a larger cyclical downtrend from the 2023–2024 highs, but the 2026 structure shows a developing rebound off the 517.50 to 574.00 support zone. Weekly price is now trading above the 5, 10, 20, 55, and 100-day benchmarks, which keeps the near-to-intermediate tape constructive, while the 200-day benchmark still sits materially overhead and preserves the broader long-term bearish backdrop. The weekly swing pivot trend is still down, so the short-term structure has not fully reversed; however, the intermediate Hi/Lo trend is up and the current yearly fib positioning remains above F0%, reinforcing the ongoing recovery phase. Recent long signals align with the current bounce and indicate a transition from oversold selling pressure into a basing-to-recovery pattern, with the market working through a choppy retracement rather than a clean trend breakout.