ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Oct-21 07:13 CT

Price Action

• Last: 623.00,
• Bars: Medium,
• 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: UTrend,
• 3. Pvt. Evolve: Pvt low 633.00,
• 4. Pvt. Next: Pvt high 731.50,
• 5. Levels R: 1589.50, 1236.00, 1011.25, 891.00, 795.00,
• 6. Levels S: 633.00, 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 @ 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: Bullish.

Key Insights Summary

Weekly price action has reversed sharply lower from the 795.00 pivot high, producing fast downside momentum and a short-term DTrend. Price is below the weekly and monthly F0% areas, beneath the 5, 10, 20, and 55-period benchmarks, and recent short signals align with the current bearish swing. The 633.00 pivot low has been violated by last price, placing 590.75 and 534.25 in focus as lower structural support. The intermediate HiLo structure and yearly grid remain positive, creating a longer-term countertrend backdrop; however, the present weekly sequence is a retracement/selloff until price can reclaim 650.00, 675.00, and then the 731.50 pivot-reversal level.