ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Oct-16 07:13 CT

Price Action

• Last: 659.75,
• Bars: Large,
• Mom: fast.

WSFG Weekly

• Short-Term
• WSFG Current: -26%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Oct

• Intermediate-Term
• MSFG Current: -10%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 46%
• 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 659.75,
• 4. Pvt. Next: Pvt high 759.75,
• 5. Levels R: 1599.50, 1236.00, 1011.25, 891.00, 795.00,
• 6. Levels S: 659.75, 590.75, 534.25.

Weekly Benchmarks

• (Short-Term) 5 Day: 699.25 Down Trend,
• (Short-Term) 10 Day: 706.25 Down Trend,
• (Intermediate-Term) 20 Day: 673.50 Down Trend,
• (Intermediate-Term) 55 Day: 649.50 Up Trend,
• (Long-Term) 100 Day: 627.25 Up Trend,
• (Long-Term) 200 Day: 728.00 Down Trend.

Recent Trade Signals

• 16 Oct 2026: Short ZW 12-26 @ 664.5 Signals.USAR-WSFG
• 15 Oct 2026: Long ZW 12-26 @ 680 Signals.USAR.TR120

Overall Rating

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

Key Insights Summary

Price has undergone a fast, large-range reversal from the 795.00 pivot high and is now testing the evolving 659.75 pivot-low area. Weekly and monthly Fib-grid readings remain below their F0%/NTZ references, while price is below the 5, 10, and 20-period benchmarks, defining the near-term decline. The intermediate structure remains mixed because the higher-order HiLo trend, 55-period average, and 100-period average retain upward alignment. The yearly grid remains positive and above F0%, framing the current decline as a substantial countertrend retracement within the longer-term yearly uptrend. The 659.75 pivot is the immediate structural reference; beneath it, 590.75 and 534.25 are the next support layers, while 795.00 remains the principal nearby swing resistance.