ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Oct-22 07:13 CT

Price Action

• Last: 626.25,
• Bars: Medium,
• Mom: Fast.

WSFG Weekly

• Short-Term
• WSFG Current: -83%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Oct

• Intermediate-Term
• MSFG Current: -40%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 33%
• 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 621.00,
• 4. Pvt. Next: Pvt high 653.00,
• 5. Levels R: 795.00, 731.25, 706.50, 691.00,
• 6. Levels S: 621.00, 590.75, 550.00, 539.75, 534.25.

Daily Benchmarks

• (Short-Term) 5 Day: 651.50 Down Trend,
• (Short-Term) 10 Day: 662.75 Down Trend,
• (Intermediate-Term) 20 Day: 677.25 Down Trend,
• (Intermediate-Term) 55 Day: 687.50 Down Trend,
• (Long-Term) 100 Day: 674.75 Down Trend,
• (Long-Term) 200 Day: 645.00 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: Neutral.

Key Insights Summary

Price is in a fast downside swing, trading beneath all daily benchmarks and below the weekly and monthly F0% areas. The pivot structure remains bearish, with lower highs from the September peak and a new pivot low at 621.00. The October grid area near 670-680 has become overhead resistance, while 653.00 defines the next pivot reversal threshold. The yearly grid remains positive, but the long-term benchmark alignment has weakened materially as price has moved below the 200-day average. Volume is near its moving average while ATR remains elevated, reflecting an active decline rather than a quiet consolidation.