ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Oct-21 07:12 CT

Price Action

• Last: 633,
• Bars: Large,
• Mom: fast.

WSFG Weekly

• Short-Term
• WSFG Current: -65%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Oct

• Intermediate-Term
• MSFG Current: -34%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 35%
• 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 633,
• 4. Pvt. Next: Pvt high 684.50,
• 5. Levels R: 1011.25, 891.00, 795.00, 706.50,
• 6. Levels S: 633.00, 590.75.

Daily Benchmarks

• (Short-Term) 5 Day: 660.50 Down Trend,
• (Short-Term) 10 Day: 683.50 Down Trend,
• (Intermediate-Term) 20 Day: 681.25 Down Trend,
• (Intermediate-Term) 55 Day: 689.75 Down Trend,
• (Long-Term) 100 Day: 675.00 Down Trend,
• (Long-Term) 200 Day: 644.75 Down Trend.

Additional Metrics

• ATR: 51,
• VOLMA: 77996.

Recent Trade Signals

• 20 Oct 2026: Short ZW 12-26 @ 656 Signals.USAR-MSFG
• 20 Oct 2026: Short ZW 12-26 @ 655 Signals.USAR-WSFG
• 16 Oct 2026: Short ZW 12-26 @ 660.25 Signals.USAR.TR120

Overall Rating

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

Key Insights Summary

Price has extended its October breakdown beneath the weekly and monthly Fib-grid neutral zones, with fast downside momentum and large bearish daily bars marking a decisive shift from the early-October bounce. The short-term and intermediate pivot structures are both in DTrend, while price remains beneath every benchmark average, including the 200-day average at 644.75. The 633 pivot low is the immediate structural reference, with 590.75 the next major lower support; 684.50 defines the pivot reversal threshold, while 706.50 is the first material overhead resistance. The wider yearly Fib position remains positive, but the current daily structure reflects a sharp countertrend retracement within that longer-cycle backdrop.