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

Price Action

• Last: 606.75,
• Bars: Medium,
• Mom: average.

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: UTrend,
• 3. Pvt. Evolve: Pvt low 593.25,
• 4. Pvt. Next: Pvt high 686.25,
• 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: 648.50 Down Trend,
• (Short-Term) 10 Day: 690.50 Down Trend,
• (Intermediate-Term) 20 Day: 675.50 Down Trend,
• (Intermediate-Term) 55 Day: 647.50 Down Trend,
• (Long-Term) 100 Day: 626.00 Down Trend,
• (Long-Term) 200 Day: 719.75 Down Trend.

Recent Trade Signals

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

Overall Rating

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

Key Insights Summary

Price is holding just above the closely clustered 593.25 and 590.75 swing-support area after a sharp rejection from the 795.00 pivot high. The short-term pivot sequence remains bearish and all benchmark averages are declining, reflecting persistent downside momentum. However, the intermediate HiLo structure and the weekly, monthly, and yearly Fib-grid trends remain upward, framing the current decline as a countertrend retracement within the broader recovery cycle. A sustained move above 626.00 to 648.50 would improve near-term structure, while 593.25 and 590.75 remain the immediate support reference zone.