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

Price Action

• Last: 652.25,
• Bars: Medium,
• Mom: Momentum 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: UTrend,
• 3. Pvt. Evolve: Pvt low 656.25,
• 4. Pvt. Next: Pvt high 756.25,
• 5. Levels R: 1599.50, 1236.00, 1011.25, 891.00, 795.00,
• 6. Levels S: 656.25, 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 @ 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 has completed a sharp rejection from the 795.00 swing-high resistance area and has returned to the 656.25 pivot-low region. Short-term structure remains down, reinforced by price below the 5, 10, and 20-period benchmarks, a negative weekly fib-grid position, and synchronized short-term sell signals. The 55 and 100-period averages remain constructive, while the yearly grid remains positive, creating a longer-term bullish backdrop beneath the current intermediate-term corrective selloff. The 656.25 pivot is the immediate structural reference, followed by 590.75 and 534.25 support; 673.50, 699.25, 706.25, and 756.25 define the overhead recovery and resistance sequence.