ZW Chicago SRW Wheat Futures Daily Chart Analysis: 2026-Nov-05 07:13 CT

Price Action

• Last: 598.75,
• Bars: Small,
• Mom: Fast.

WSFG Weekly

• Short-Term
• WSFG Current: -3%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Nov

• Intermediate-Term
• MSFG Current: -1%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 22%
• 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 591.00,
• 4. Pvt. Next: Pvt high 617.50,
• 5. Levels R: 1104.75, 1065.75, 1064.25, 1031.00, 868.00,
• 6. Levels S: 591.00, 590.75, 539.75, 534.25.

Daily Benchmarks

• (Short-Term) 5 Day: 602.50 Down Trend,
• (Short-Term) 10 Day: 608.75 Down Trend,
• (Intermediate-Term) 20 Day: 638.25 Down Trend,
• (Intermediate-Term) 55 Day: 683.25 Down Trend,
• (Long-Term) 100 Day: 674.25 Down Trend,
• (Long-Term) 200 Day: 648.25 Down Trend.

Additional Metrics

• ATR: 51,
• 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: Neutral.

Key Insights Summary

Price remains in a fast short-term decline, trading beneath every daily benchmark and below both the weekly and monthly F0%/NTZ zones. The small bar near the 591.00/590.75 pivot-support cluster reflects a pause after an extended selloff, while the next short-term pivot reversal level is materially higher at 617.50. Intermediate pivot structure remains UTrend from the prior larger higher-low sequence, but current price action, lower highs, and declining moving averages characterize a strong countertrend retracement within that broader structure. The yearly fib position remains positive and upward, creating a long-term mixed condition against the bearish daily benchmark alignment.