ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Oct-23 07:13 CT

Price Action

• Last: 628.25,
• Bars: Large,
• Mom: fast.

WSFG Weekly

• Short-Term
• WSFG Current: -98%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Oct

• Intermediate-Term
• MSFG Current: -43%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 32%
• 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 652.00,
• 5. Levels R: 1011.25, 891.00, 795.00, 708.00,
• 6. Levels S: 690.75, 555.00, 539.75, 534.25.

Daily Benchmarks

• (Short-Term) 5 Day: 642.50 Down Trend,
• (Short-Term) 10 Day: 656.75 Down Trend,
• (Intermediate-Term) 20 Day: 673.00 Down Trend,
• (Intermediate-Term) 55 Day: 685.25 Down Trend,
• (Long-Term) 100 Day: 674.75 Down Trend,
• (Long-Term) 200 Day: 645.50 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 has extended sharply lower from the early-October swing high near 708, creating a sequence of lower highs and lower lows under every daily benchmark. The decline pushed below the October MSFG NTZ and the weekly grid is deeply negative, confirming strong downside short-term momentum. The 621 pivot low is the immediate swing reference, while a recovery through 652 would be required to establish the next short-term pivot high. The yearly grid remains positive, but the falling 100-day and 200-day benchmark structure leaves the longer-term condition mixed despite the annual upward bias.