ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Oct-20 07:13 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: UTrend,
• 3. Pvt. Evolve: Pvt low 652.50,
• 4. Pvt. Next: Pvt high 750.50,
• 5. Levels R: 1590.50, 1236.00, 1011.25, 891.00, 795.00,
• 6. Levels S: 652.50, 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

• 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 retraced sharply from the 795.00 swing high and returned to the active 652.50 pivot-low area. Fast downside momentum, a DTrend pivot structure, declining 5-, 10-, and 20-period benchmarks, and clustered recent short signals define the near-term swing condition. The broader structure remains mixed: the monthly grid is below F0% while the yearly grid remains above F0%, with 650.00, 627.25, and 590.75 forming important underlying reference zones beneath price. A recovery through 675.00 and 706.50 would contrast with the current short-term decline, while 590.75 and 534.25 are the lower established swing-support references.