ZW Chicago SRW Wheat Futures Weekly Chart Analysis: 2026-Nov-12 15:18 CT

Price Action

• Last: Not clearly legible on the supplied chart,
• Bars: Large,
• Mom: Fast downside momentum.

WSFG Weekly

• Short-Term
• WSFG Current: -26%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Nov

• Intermediate-Term
• MSFG Current: -18%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 13%
• F0%/NTZ' Bias: Price Above,
• YSFG Trend: Up.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: Neutral; highs UTrend and lows DTrend,
• 3. Pvt. Evolve: Pvt low 582.25,
• 4. Pvt. Next: Pvt high 668.75,
• 5. Levels R: 1687.25, 1599.50, 994.75, 891.00, 795.00,
• 6. Levels S: 582.25, 534.25.

Weekly Benchmarks

• (Short-Term) 5 Day: 630.25 Down Trend,
• (Short-Term) 10 Day: 671.00 Down Trend,
• (Intermediate-Term) 20 Day: 673.75 Down Trend,
• (Intermediate-Term) 55 Day: 645.50 Down Trend,
• (Long-Term) 100 Day: 625.25 Down Trend,
• (Long-Term) 200 Day: 717.75 Down Trend.

Recent Trade Signals

• 12 Nov 2026: Short ZW 12-26 @ 588.25 Signals.USAR-MSFG
• 12 Nov 2026: Long ZW 12-26 @ 597 Signals.USAR-WSFG
• 11 Nov 2026: Long ZW 12-26 @ 602.25 Signals.USAR.TR120

Overall Rating

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

Key Insights Summary

The weekly structure shows a sharp reversal from 795.00 toward the evolving 582.25 pivot low, with 534.25 the next listed support. Large downside bars and all six declining benchmarks describe a forceful selloff rather than a confirmed recovery. The short-term bullish rating reflects the specified majority rule: two recent long signals outweigh the bearish weekly grid and pivot trend, making this a countertrend signal bias rather than bullish price confirmation. Intermediate-term conditions remain bearish, with the monthly grid down and mixed high/low pivots failing to establish a unified uptrend. Longer-term conditions are also bearish: the positive yearly grid contrasts with declining long-term benchmarks and price below them. The 625.25–645.50 benchmark area represents overhead technical resistance distinct from the listed swing-high levels. No news or seasonal catalyst is established by the chart alone.