ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Oct-29 07:13 CT

Price Action

• Last: 598.00,
• Bars: Large,
• Mom: fast.

WSFG Weekly

• Short-Term
• WSFG Current: -66%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Oct

• Intermediate-Term
• MSFG Current: -55%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 20%
• 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 593.25,
• 4. Pvt. Next: Pvt high 691.25,
• 5. Levels R: 1599.50, 1236.00, 1011.25, 891.00, 795.00,
• 6. Levels S: 593.25, 590.75, 534.25.

Weekly Benchmarks

• (Short-Term) 5 Day: 688.00 Down Trend,
• (Short-Term) 10 Day: 700.00 Down Trend,
• (Intermediate-Term) 20 Day: 676.00 Down Trend,
• (Intermediate-Term) 55 Day: 649.00 Down Trend,
• (Long-Term) 100 Day: 626.75 Down Trend,
• (Long-Term) 200 Day: 722.00 Down Trend.

Recent Trade Signals

• 27 Oct 2026: Short ZW 12-26 @ 612 Signals.USAR-WSFG

Overall Rating

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

Key Insights Summary

Price has completed a sharp reversal from the 795.00 swing-high resistance area and is testing the clustered 593.25 and 590.75 pivot-support zone with fast downside momentum. The short-term pivot sequence is bearish and price remains beneath every weekly benchmark, while the weekly and monthly Fib grids are below their respective F0% areas. The intermediate HiLo structure remains UTrend, reflecting the larger recovery from the 534.25 low, but the current decline has retraced deeply into the 2026 yearly NTZ. A sustained hold near 590.75-593.25 preserves the possibility of a pivot-low base; a decisive break would expose 534.25. The 626.75-700.00 moving-average band and 691.25 pivot-next level define the principal overhead recovery structure, with 795.00 the major nearby swing resistance.