ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Oct-19 07:12 CT

Price Action

Last: 658.25,
Bars: Small,
Mom: Slow.

WSFG Weekly

Short-Term
WSFG Current: 3%
F0%/NTZ' Bias: Price Above,
WSFG Trend: Up.

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: DTrend,
3. Pvt. Evolve: Pvt low 658.25,
4. Pvt. Next: Pvt high 688.75,
5. Levels R: 1011.25, 891.00, 795.00, 706.50,
6. Levels S: 658.25, 643.50, 590.75, 555.00, 539.75.

Daily Benchmarks

(Short-Term) 5 Day: 669.00 Down Trend,
(Short-Term) 10 Day: 678.25 Down Trend,
(Intermediate-Term) 20 Day: 688.50 Down Trend,
(Intermediate-Term) 55 Day: 692.75 Down Trend,
(Long-Term) 100 Day: 675.00 Down Trend,
(Long-Term) 200 Day: 643.50 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 testing the active 658.25 pivot-low area after a sharp October reversal from the 706.50 pivot high. The short-term and intermediate-term structure is bearish: price is below the 5-, 10-, 20-, 55-, and 100-day benchmarks, while both pivot trend measures remain in DTrend. Weekly grid positioning is marginally positive, but the monthly grid remains below F0%, reflecting a countertrend bounce that failed into lower-high resistance. The 643.50 area aligns with major support and the rising 200-day benchmark, while 688.75 and 706.50 define nearby pivot resistance. Long-term structure remains constructive because price is above the annual grid center and the 200-day average is rising, despite the current corrective downswing.