Soybeans

The chart is key to this analysis.

(ZSX25) 

There are two methods we use at ONE44 to find support and resistance in the markets.

The first are major Gann squares, these are the yellow horizontal lines on the chart. On the chart you can see where the market turned multiple times at these levels.

The second is Fibonacci retracements and this is what most of this post will be about.

There are a few basic rules when using the Fibonacci retracements with the ONE44 rules and guidelines.

This is the short version.

A 38.2% level keeps the trend intact and new highs/lows should follow.

A 23.6% level shows the market is extremely strong, or weak.

A 61.8%  level can send the market 61.8% of where it just can from and cause wide swings keeping the market in a trading range.

A 78.6% level can send it 78.6% of where it just came from and even be the end or start of a Bull market.

Here is this weeks analysis.

6/12/25

November

From last week,

November also spent all week except for today below the 1030.00 swing point for the week, we will take closing back above it as a positive sign for the short term trend and it will again be the key level for the week. The long term view is still positive after holding 78.6% on 12/19/24. The setback from 23.6% at 1060.00 (also a major Gann square)  failed to make a new low holding another 78.6% retracement on 4/9/25. We feel, once we can clear all of the building in the sideways trade between the 1057.50 and 961.25 major Gann squares, it should be game on for the summer targets.

Use 1030.00 as the swing point for the week again.

Each day sat right on the 1030.00 (38.2%) swing point for the week and it closed below it today. This level will again be key for the next week. Without taking any highs, or lows out, hitting any targets all the Above/Below will remain the same.

Use 1030.00 as the swing point for the week.

Above it, the short term target is the 1057.50 major Gann square again. The longer term target area is the 1102.25 major Gann square and 38.2% back to the contract high at 1107.00. The long term target is 38.2% on the continuation chart at 1196.00, this is the long term swing point.

Below it, the short term target area is the 1009.50 major Gann square and 61.8% back to the 4/9/25 low at 1007.50. The long term target is 78.6% the other way at 991.00 per the ONE44 78.6% rule. 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 961.25.

This is our latest video (48 in total) on how to use the Fibonacci retracements with the ONE44 rules and guidelines.

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.

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