ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Oct-24 07:10 CT

Price Action

• Last: 621,
• Bars: Small,
• Mom: fast.

WSFG Weekly

• Short-Term
• WSFG Current: -92%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Oct

• Intermediate-Term
• MSFG Current: -41%
• 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,
• 4. Pvt. Next: Pvt high 652,
• 5. Levels R: 1011.00, 891.00, 795.00, 706.50,
• 6. Levels S: 621.00, 590.75, 553.00, 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 is in a fast downside swing, closing near the active 621 pivot-low support after a sharp rejection from the early-October recovery high near 706.50. The short-term and intermediate-term pivot structures remain in DTrend, while price is below all daily benchmark averages and below both weekly and monthly F0%/NTZ reference zones. The recent decline has produced lower highs and lower lows, with 652 as the nearby pivot-reversal threshold and 590.75 as the next major lower support. Long-term conditions are mixed: the annual fib-grid position remains positive, but the 100-day and 200-day benchmark configuration reflects materially weaker daily-chart structure.