ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Jul-20 07:11 CT

Price Action

• Last: 698.25,
• Bars: Large,
• Mom: fast.

WSFG Weekly

• Short-Term
• WSFG Current: -13%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Jul

• Intermediate-Term
• MSFG Current: 118%
• F0%/NTZ' Bias: Price Above,
• MSFG Trend: Up.

YSFG Year 2026

• Long-Term
• YSFG Current: 61%
• F0%/NTZ' Bias: Price Above,
• YSFG Trend: Up.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt high 698.25,
• 4. Pvt. Next: Pvt low 615.25,
• 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: 625.25 Up Trend,
• (Short-Term) 10 Day: 622.25 Up Trend,
• (Intermediate-Term) 20 Day: 621.25 Up Trend,
• (Intermediate-Term) 55 Day: 604.50 Up Trend,
• (Long-Term) 100 Day: 610.75 Up Trend,
• (Long-Term) 200 Day: 734.00 Down Trend.

Overall Rating

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

Key Insights Summary

Price has produced a fast, large weekly advance into the 698.25 pivot-high area, maintaining an improving short-term higher-low structure above the rising 5-, 10-, 20-, 55-, and 100-week benchmarks. The weekly Fib position remains below its F0%/NTZ reference, characterizing the current rise as a strong countertrend recovery within that short-term grid. Intermediate and yearly Fib structures are positive, while price remains beneath the declining 200-week benchmark at 734.00 and immediately below pivot resistance at 731.25. This creates a constructive multi-timeframe recovery profile, but the 698.25 to 731.25 zone is the defining overhead technical test; 615.25 is the active opposite-pivot level, with deeper supports at 574.00 and 517.50.