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

Price Action

• Last: 623.00,
• Bars: Large,
• 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: UTrend,
• 3. Pvt. Evolve: Pvt low 632.00,
• 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: 686.40 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

Price action reflects a fast, large-range reversal lower from the 795.00 swing-high resistance area, with price now pressing the 621.00 pivot-support zone. Weekly and monthly Fib grids remain below their F0% levels and retain downward trends, while short-term pivots, benchmarks, and recent signal direction align bearish. The intermediate structure is mixed because the HiLo trend and rising 55-period average retain an upward component, but price remains below the 20-period average and monthly grid. The yearly grid remains positive and above F0%, preserving a longer-term recovery framework; however, the decline beneath the 100-period average and the falling 200-period average show that the broader chart remains structurally volatile and range-bound.