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

Price Action

• Last: 622.00,
• 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: UTrend,
• 3. Pvt. Evolve: Pvt low 622.00,
• 4. Pvt. Next: Pvt high 720.00,
• 5. Levels R: 1599.50, 1236.00, 1011.25, 891.00, 795.00,
• 6. Levels S: 621.00, 590.75, 534.25.

Weekly Benchmarks

• (Short-Term) 5 Day: 686.25 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: Neutral.

Key Insights Summary

Price has undergone a fast, large-bar decline from the 795.00 swing high and has returned to the active 621.00 pivot-support area. Weekly and monthly Fib-grid readings remain decisively below their F0% levels, while price is below the 5, 10, and 20-period benchmarks, confirming short- and intermediate-term downside pressure. The 55 and 100-period benchmarks retain positive trend states, and the yearly grid remains above F0%, creating a longer-term countertrend backdrop. The current 622.00 pivot low is the immediate structural reference, with 590.75 and 534.25 below and 650.00, 675.00, 706.50, 720.00, and 795.00 forming layered overhead resistance.