ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Nov-08 18:12 CT

Price Action

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

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: UTrend,
• 3. Pvt. Evolve: Pvt low 585.00,
• 4. Pvt. Next: Pvt high 674.00,
• 5. Levels R: 1687.25, 1599.50, 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 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

• 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: Bearish.

Key Insights Summary

Price is pressing the 585.00 swing-pivot support after a sharp rejection from the 795.00 pivot high, producing fast downside momentum and a renewed short-term DTrend. The weekly and monthly Fib-grid readings remain below their F0%/NTZ references, while price is below every benchmark average; this keeps the broader technical structure weighted toward lower highs and downside continuation. The yearly grid remains positive above its F0% level, creating a longer-cycle countertrend backdrop, but the 534.25 support is the major lower reference beneath the current 585.00 pivot low. A recovery through 674.00 would establish the next pivot-high reversal threshold, with 795.00 the nearest substantial overhead swing resistance.