ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Oct-20 07:12 CT

Price Action

Last: 652.50,
Bars: Medium,
Mom: fast.

WSFG Weekly

Short-Term
WSFG Current: 5%
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 652.50,
4. Pvt. Next: Pvt high 684.50,
5. Levels R: 811.25, 795.00, 791.00, 706.50,
6. Levels S: 652.50, 643.50, 590.75, 555.00, 539.75.

Daily Benchmarks

(Short-Term) 5 Day: 665.75 Down Trend,
(Short-Term) 10 Day: 674.50 Down Trend,
(Intermediate-Term) 20 Day: 684.75 Down Trend,
(Intermediate-Term) 55 Day: 691.50 Down Trend,
(Long-Term) 100 Day: 675.00 Down Trend,
(Long-Term) 200 Day: 644.00 Up Trend.

Additional Metrics

ATR: 51,
VOLMA: 77996.

Recent Trade Signals

20 Oct 2026: Short ZW 12-26 @ 655 Signals.USAR-WSFG
19 Oct 2026: Short ZW 12-26 @ 660.25 Signals.USAR-MSFG
16 Oct 2026: Short ZW 12-26 @ 660.25 Signals.USAR.TR120

Overall Rating

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

Key Insights Summary

Price has extended a fast decline from the early-October rebound and closed beneath the short- and intermediate-term benchmark cluster. The pivot structure remains in a DTrend, with lower highs and a newly evolving pivot low at 652.50. The October MSFG remains negative and price is below its NTZ/F0% area, reinforcing intermediate-term downside structure. The 644.00 to 643.50 area is the immediate chart support zone, while 665.75 through 684.75 represents the nearby moving-average and pivot recovery band. Long-term structure remains comparatively constructive because price remains above the rising 200-day benchmark and the yearly grid remains positive, although the current daily swing is a countertrend decline within that broader condition.