ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Nov-07 07:11 CT

Price Action

• Last: 590.75,
• Bars: Medium,
• Mom: average.

WSFG Weekly

• Short-Term
• WSFG Current: -34%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Nov

• Intermediate-Term
• MSFG Current: -10%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 17%
• F0%/NTZ' Bias: Price Above,
• YSFG Trend: Up.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: Neutral,
• 3. Pvt. Evolve: Pvt low 585.00,
• 4. Pvt. Next: Pvt high 679.00,
• 5. Levels R: 1683.25, 1236.00, 994.75, 891.00, 795.00,
• 6. Levels S: 585.00, 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 Neutral,
• (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

• 06 Nov 2026: Short ZW 12-26 @ 587.25 Signals.USAR-MSFG
• 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 is pressing the 585.00 swing-low support after a sharp rejection from the 795.00 pivot high, preserving a lower-high and lower-low short-term structure. Weekly and monthly Fib-grid positioning remains below F0%, while price is below every listed benchmark except the long-term yearly-grid context. The 585.00 to 534.25 support zone defines the active downside swing area; 626.00, 647.50, 648.50, and 679.00 form layered overhead recovery resistance. The yearly Fib-grid position remains positive, creating a longer-cycle countertrend backdrop within the prevailing weekly and monthly selloff.