ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Oct-26 07:12 CT

Price Action

• Last: 620.50,
• Bars: Large,
• Mom: fast.

WSFG Weekly

• Short-Term
• WSFG Current: -104%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Oct

• Intermediate-Term
• MSFG Current: -46%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 31%
• 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 620.50,
• 4. Pvt. Next: Pvt high 650.50,
• 5. Levels R: 811.25, 791.00, 795.00, 706.50,
• 6. Levels S: 620.50, 590.75, 550.00, 539.75, 534.25.

Daily Benchmarks

• (Short-Term) 5 Day: 635.50 Down Trend,
• (Short-Term) 10 Day: 652.25 Down Trend,
• (Intermediate-Term) 20 Day: 669.00 Down Trend,
• (Intermediate-Term) 55 Day: 683.00 Down Trend,
• (Long-Term) 100 Day: 674.00 Down Trend,
• (Long-Term) 200 Day: 645.75 Up 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

Overall Rating

• Short-Term: Bearish,
• Intermediate-Term: Bearish,
• Long-Term: Neutral.

Key Insights Summary

Price has extended sharply lower from the early-October pivot high near 706.50, producing a fast downside sequence of lower highs and lower lows. The short-term and intermediate-term Fib grids remain below their F0% references, while price is below every short-, intermediate-, and long-term benchmark except the 200-day average. The 620.50 pivot low is the immediate structural support and the 650.50 next-pivot level defines the nearest countertrend recovery threshold. The longer-term yearly grid remains positive, but the decline beneath the 200-day benchmark has weakened that broader constructive backdrop and shifted the current swing-cycle structure into a bearish retracement phase.