ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Oct-19 07:13 CT

Price Action

• Last: 660.25,
• Bars: Medium,
• Mom: Fast.

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: UTrend,
• 3. Pvt. Evolve: Pvt low 656.25,
• 4. Pvt. Next: Pvt high 753.75,
• 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: 686.50 Down Trend,
• (Short-Term) 10 Day: 706.50 Down Trend,
• (Intermediate-Term) 20 Day: 675.00 Down Trend,
• (Intermediate-Term) 55 Day: 650.00 Up Trend,
• (Long-Term) 100 Day: 627.25 Up Trend,
• (Long-Term) 200 Day: 724.00 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

The weekly structure is undergoing a sharp countertrend retracement from the 795.00 pivot high, with price returning to the active 656.25 pivot-low area. Short-term pivot direction, the 5-, 10-, and 20-week benchmarks, and the recent short signals remain aligned lower. Intermediate structure is also pressured beneath the monthly Fib midpoint and the 20-week average, although the rising 55- and 100-week averages show that the broader recovery base has not fully broken. The yearly grid remains positive, placing the current decline within a longer-term recovery framework; 656.25 is the immediate structural pivot, followed by 590.75 and 534.25 support, while 795.00 remains the principal nearby resistance.