Grain/Livestock Update

On 4/10/25 we sent out our long term targets for a Summer rally in Soybeans, Corn and Wheat to our Premium Members.

Grains

(ZSK25) 

Soybeans Nearby

The rally from 984.00 (78.6%) and the 977.75 major Gann square has now closed above the 61.8% target at 1046.00.

Use 1046.00 as the swing point for the week.

Above it, the short term target is 78.6% at 1066.25.

Below it, look for the 1031.00 major Gann square.

Here is the last update for May Soybeans and longer term targets.

4/17/25

From last week,

The market did get right back above it on Monday and it has rallied over 55 cents so far. Today it closed above the short term swing point at 1016.00 and this turns the short term trend positive. Provided it stays above it we will be looking for it to complete the 78.6% (984.00) to 78.6% at 1066.00.  The key level for the next week will be 1016.00.

Use 1016.00 as the swing point for the week.

Above it, keeps the short term trend positive and the short term target is 61.8% back to the 2/5/25 high at 1046.00. The longer term....

The rally from 78.6% (984.00) has now hit the short term target of 61.8% at 1046.00, this will be the key level for the next week. A setback from a 61.8% retracement can send the market 61.8% back the other way, per the ONE44 61.8% rule, we will watch all the retracements on any setback. Only setting back 38.2% would be a strong sign and it will keep the short term trend positive.

Use 1046.00 as the swing point for the week.

Above it, the short term target is a completion of the 78.6% (984.00) to 78.6% at 1066.00 based on the ONE44 78.6% rule. The long term target area is 61.8% back to the contract high at 1177.00 and the 1185.50 major Gann square. It still needs to take out the Intermediate swing point at 1092.00 to turn that trend positive, it has already reacted to this level and we think it can be taken out the next time there, however you still have to watch it with the 1083.75 major Gann square also being right there. There is also one major Gann square after that to look for resistance and then use as the swing point when closed above at 1135.75.

Below it, the short term target is 61.8% back to the 4/7/25 low at 1000.00. The next support area is 78.6% of the same move at 986.00 and the 977.75 major Gann square, a failure to turn higher from this area will give us only major Gann squares to look for support and then use as the swing point when closed below, the next one is 919.25. Any setback that holds 38.2% at 1019.00 is a very strong sign and keeps the idea of a summer rally intact.

Corn Nearby

(ZCK25) 

The break from 61.8% at 489.00 has hit the short term target of 38.2% at 472.00, by holding this it keeps the idea of a Summer rally intact.

Use 472.00 as the swing point for the week.

Above it, look for 504.75, this is 78.6% back to the 2/19/25 high and a major Gann square.

Below it, look for it to complete the 61.8% (489.00) to 61.8% target at 461.00 based on the ONE44 61.8% rule.

Here is the last update for May Corn and longer term targets.

4/17/25

This will be the last update for May.

This week's rally from 450.00 has now taken out the short term target at 472.00 (38.2%) and this turns the short term trend positive. This will be the key level for next week. As long as it holds we will continue to look for the 504.75 major Gann square.

Use 472.00 as the swing point for the week.

Above it, the short term target is 61.8% back to the 2/19/25 high at 489.00. The longer term....

The rally from 450.00 (78.6%) hit the short term target of 489.00, with this being a 61.8% retracement, this will be the key level for the next week and we will be looking for a move back to 61.8% the other way based on the ONE44 61.8% rule. We will be watching all the retracements on any setback to see if the short term trend remains positive and the idea of a summer rally possible. 

Use 489.00 as the swing point for the week.

Above it, the short term target area is now 78.6% at 502.00 and the 504.75 major Gann square. The longer term target is 539.25, this is 78.6% back to the contract high and a major Gann square. The long term target is 570.00, this is 38.2% on the continuation chart and the long term swing point.

Below it, look for it to go 61.8% back to the 3/28/25 low at 460.00 based on the ONE44 61.8% rule. The longer term target is 78.6% back to the 3/28/25 low at 453.00. On a failure to turn higher from this area look for 78.6% of the 8/26/24 low and 2/19/25 high at 436.00. Any setback that holds 38.2% at 472.00 keeps the short term trend positive and the idea of a summer rally possible.

Wheat Nearby

(ZWK25) 

Wheat is the only market of the three where the short term trend is still down, but this could be changing. The break from 38.2% at 556.00 has yet to make a new low and it hit our short term target of 78.6% at 526.00, following the ONE44 78.6% rule we know that a failure to make a new low in the area of a 78.6% retracement can be the start of the next Bull run. The first target is 78.6% of where it just came from at 550.00.

Use 526.00 as the swing point for the week.

Above it, look for 78.6% at 550.00.

Below it, look for the next major Gann square at 493.50.

Here is the last update for May Wheat and longer term targets.

4/17/25

This will be the last update for May.

Last Friday it hit the 522.75 major Gann square again, but never closed below it, however it has been unable to get above 23.6% back to the 2/18/25 high so far keeping the short term trend very negative. Without a new low all of the Above/Below remain the same.

Use 522.75 as the swing point for the week again.

Above it, the short term target is the short term swing point at 557.00, this is 38.2% back to the 2/18/25 high. The longer...

The high this week hit the short term target of 557.00, this is 38.2% back to the 2/18/25 high and the short term swing point, it will again be the key level for the next week. The positive thing is the setback from 557.00 failed to make a new low and taking it out will turn the short term trend positive.

Use 557.00 as the swing point for the week.

Above it, the short term target is 580.25, this is 23.6% back to the contract high, 61.8% back to the 2/18/25 high and a major Gann square. The long term target is the long term swing point at 615.00, this is 38.2% back to the contract high.

Below it, the short term target area is 78.6% back to the 3/2825 low at 525.00 and the 522.75 major Gann square.  A failure to rally from this area will give us only major Gann squares to look for support and then use as the swing point when closed below, the next two are 493.50 and 462.50.

Livestock

(LEM25) 

Cattle

June

4/24/25

Cattle had a big rally after holding the long term swing point at 193.50 (38.2%) and has gone on to a new high as would be the target after holding a 38.2% retracement.

Here is this week's analysis.

From last week,

The very quick rally after holding the long term swing point of 193.50 has now hit the short term target of 78.6% at 204.35, this will be the key level for next week. A failure to make a new high after holding the long term swing point in the area of a 78.6% retracement can cause a sharp break and even be the end of the bull rally for now.

Use 204.35 as the swing point for the week.

 Above it, you still have to watch for a trade up to, or through the 205.37 major Gann square and a close back below 204.35 as this can also send this market quickly lower. A failure....

Even with a trade above the 205.37 major Gann square and one close back below 204.35 could not send this market lower as the next day it was right back above these levels and a new high followed. The key level for next week will be the 205.37 major Gann square. We will be watching the retracements back to the 4/9/25 low for the first sign of a trend change.

Use 205.37 as the swing point for the week.

Above it, there are only major Gann squares above to look for resistance and then use as the swing point when closed above, the next two are 213.50 and ....

Below it, making a new contract high and getting right back below the 205.37 major Gann square can cause a quick selloff, provided it does the short term target area is 78.6% back to the 4/9/25 low at 195.65 and 38.2% back to the 8/21/24 low at 194.20. Any setback that holds ....

ONE44 Analytics where the analysis is concise and to the point

Our goal is to not only give you actionable information, but to help you understand why we think this is happening based on pure price analysis with Fibonacci retracements, that we believe are the underlying structure of all markets and Gann squares.

If you like this type of analysis and trade the Grain/Livestock futures you can become a Premium Member.

You can also follow us on YouTube for more examples of how to use the Fibonacci retracements with the ONE44 rules and guidelines.

Sign up for our Free newsletter here.
 

FULL RISK DISCLOSURE: Futures trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Commission Rule 4.41(b)(1)(I) hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. Past performance is not necessarily indicative of future results.