ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Nov-02 11:18 CT

Price Action

• Last: 606.00,
• Bars: Small,
• Mom: Slow.

WSFG Weekly

• Short-Term
• WSFG Current: 6%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month Nov

• Intermediate-Term
• MSFG Current: 2%
• F0%/NTZ' Bias: Price Above,
• MSFG Trend: Up.

YSFG Year 2026

• Long-Term
• YSFG Current: 23%
• 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 593.25,
• 4. Pvt. Next: Pvt high 622.25,
• 5. Levels R: 795.00, 726.50, 706.50,
• 6. Levels S: 593.25, 590.75, 550.00, 539.25, 534.25.

Daily Benchmarks

• (Short-Term) 5 Day: 606.50 Down Trend,
• (Short-Term) 10 Day: 621.00 Down Trend,
• (Intermediate-Term) 20 Day: 649.00 Down Trend,
• (Intermediate-Term) 55 Day: 670.25 Down Trend,
• (Long-Term) 100 Day: 674.75 Down Trend,
• (Long-Term) 200 Day: 647.25 Down Trend.

Additional Metrics

• ATR: 9.00,
• VOLMA: 77996.

Recent Trade Signals

• 02 Nov 2026: Long ZW 12-26 @ 606.75 Signals.USAR-WSFG

Overall Rating

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

Key Insights Summary

Price is attempting a small bounce from the 593.25 to 590.75 support area after a sustained decline from the September high near 795.00. The pivot structure remains bearish, with both short-term and intermediate-term trends in DTrend, while price remains beneath every major daily benchmark. The 622.25 pivot-next level defines the nearby upside reversal threshold; until that level is exceeded, the recent action reads as a low-volatility consolidation and rebound within the broader decline. The 593.25 support zone is the immediate structural floor, while 606.50, 621.00, and the 647.25 to 649.00 moving-average area form layered overhead resistance.