ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Aug-06 07:13 CT

Price Action

Last: 646.75,
Bars: Large,
Mom: fast.

WSFG Weekly

Short-Term
WSFG Current: 13%
F0%/NTZ' Bias: Price Above,
WSFG Trend: Up.

MSFG Month Aug

Intermediate-Term
MSFG Current: 8%
F0%/NTZ' Bias: Price Above,
MSFG Trend: Up.

YSFG Year 2026

Long-Term
YSFG Current: 45%
F0%/NTZ' Bias: Price Above,
YSFG Trend: Up.

Swing Pivots

(Short-Term) 1. Pvt. Trend: UTrend,
(Intermediate-Term) 2. HiLo Trend: DTrend,
3. Pvt. Evolve: Pvt high 731.25,
4. Pvt. Next: Pvt low 628.75,
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: 648.00 Down Trend,
(Short-Term) 10 Day: 624.25 Up Trend,
(Intermediate-Term) 20 Day: 624.00 Up Trend,
(Intermediate-Term) 55 Day: 608.25 Up Trend,
(Long-Term) 100 Day: 610.75 Up Trend,
(Long-Term) 200 Day: 728.75 Down Trend.

Recent Trade Signals

06 Aug 2026: Long ZW 09-26 @ 646.75 Signals.USAR-WSFG
04 Aug 2026: Long ZW 09-26 @ 656 Signals.USAR.TR120
03 Aug 2026: Long ZW 09-26 @ 652.75 Signals.USAR-MSFG
31 Jul 2026: Short ZW 09-26 @ 635.5 Signals.USAR.TR720

Overall Rating

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

Key Insights Summary

The weekly structure reflects a fast, high-volatility recovery from the 517.50 yearly-area low, with price holding above the weekly and monthly F0% levels and above the rising 10, 20, 55, and 100-period benchmarks. The short-term pivot trend is upward, although the recent 731.25 pivot high remains the defining nearby resistance and the 628.75 pivot-low threshold marks the current swing-structure reference. Long-term conditions remain mixed: the yearly grid is positive and the 100-period average is rising, while price remains beneath the declining 200-period average and the long-horizon TR720 signal remains short. This leaves the larger chart in a recovery phase within a broader multi-year bearish-to-neutral transition.