ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Oct-18 18:10 CT

Price Action

• Last: 658.25,
• Bars: Medium,
• Mom: Fast.

WSFG Weekly

• Short-Term
• WSFG Current: -27%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Oct

• Intermediate-Term
• MSFG Current: -11%
• 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: DTrend,
• 3. Pvt. Evolve: Pvt low 658.25,
• 4. Pvt. Next: Pvt high 689.25,
• 5. Levels R: 1011.25, 891.00, 795.00, 706.50,
• 6. Levels S: 658.25, 643.50, 590.75, 559.00, 539.75.

Daily Benchmarks

• (Short-Term) 5 Day: 671.25 Down Trend,
• (Short-Term) 10 Day: 680.50 Down Trend,
• (Intermediate-Term) 20 Day: 691.00 Down Trend,
• (Intermediate-Term) 55 Day: 694.00 Down Trend,
• (Long-Term) 100 Day: 675.00 Down Trend,
• (Long-Term) 200 Day: 643.00 Up Trend.

Additional Metrics

• ATR: 51,
• VOLMA: 77996.

Recent Trade Signals

• 16 Oct 2026: Short ZW 12-26 @ 660.25 Signals.USAR.TR120
• 16 Oct 2026: Short ZW 12-26 @ 660.25 Signals.USAR-MSFG
• 16 Oct 2026: Short ZW 12-26 @ 664.5 Signals.USAR-WSFG

Overall Rating

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

Key Insights Summary

Price is in a fast short-term selloff, with a new pivot low at 658.25 following a sequence of lower highs from the September peak near 795. Price is below the weekly and October monthly Fib-grid centers, beneath the 5, 10, 20, 55, and 100-day benchmarks, confirming broad short-to-intermediate-term downside alignment. The 658.25 pivot is the immediate support reference, followed by 643.50 near the rising 200-day benchmark. The annual grid remains positive and the 200-day average is still rising, leaving the long-term structure constructive despite the current corrective decline.