ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Aug-18 07:13 CT

Price Action

• Last: 663.75,
• Bars: Medium,
• Mom: average.

WSFG Weekly

• Short-Term
• WSFG Current: -9%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Aug

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

YSFG Year 2026

• Long-Term
• YSFG Current: 58%
• 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 714.25,
• 4. Pvt. Next: Pvt low 628.75,
• 5. Levels R: 1538.75, 1219.25, 994.50, 874.00, 731.25,
• 6. Levels S: 574.00, 517.50.

Weekly Benchmarks

• (Short-Term) 5 Day: 663 Up Trend,
• (Short-Term) 10 Day: 635 Up Trend,
• (Intermediate-Term) 20 Day: 628 Up Trend,
• (Intermediate-Term) 55 Day: 611.75 Up Trend,
• (Long-Term) 100 Day: 610 Up Trend,
• (Long-Term) 200 Day: 724 Down Trend.

Recent Trade Signals

• 13 Aug 2026: Long ZW 09-26 @ 653.75 Signals.USAR-WSFG
• 12 Aug 2026: Long ZW 09-26 @ 650.5 Signals.USAR-MSFG
• 12 Aug 2026: Long ZW 09-26 @ 650 Signals.USAR.TR120

Overall Rating

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

Key Insights Summary

Weekly wheat has produced a strong rebound from the 2026 low area, with higher pivot lows and an active UTrend in both the short-term pivot and intermediate HiLo structure. Price is holding above the rising 10, 20, 55, and 100-period benchmarks, while 714.25 is the nearby pivot-high reference and 731.25 is the first major overhead swing resistance. The weekly fib position remains below its F0% level, showing that the short-term rally is occurring within a still-recovering weekly range, while monthly and yearly fib structures remain positive. The declining 200-period benchmark near 724 identifies the broader historical downtrend overhead, making the current advance a recovery phase within a larger multi-year retracement.