Corn

(ZCH24) 
March

The short of it,

Use the 469.75 major Gann square as the swing point for the week.

Above it, the short term target is the previous major Gann square at 493.00.

Below it, the short term target is the next major Gann square at 445.50.

Why is explained below.

The charts are key to this analysis.

When using ONE44 Analytics the two most important ways to determine support and resistance are Fibonacci retracements and Gann Squares.

As you can see on the chart each of the attempts to rally since June of last year have been stopped by a key retracement and a major Gann square, with the exception of the 6/21/23 high that was only a 61.8% Fibonacci retracement. The other high dates are 7/24/23, 8/21/23, 10/20/23 and 12/6/23.

When using the major Gann squares you can see how the 493.00 major Gann square held the market up for over two months and then became the resistance, only to trade down to the next major Gann square at 469.75. 

Now,

Use the 469.75 major Gann square as the swing point for the week.

Above it, the short term target is the previous major Gann square at 493.00.

Below it, the short term target is the next major Gann square at 445.50.

For the long term targets you can become a Premium Member.

Lean Hogs

(HEG24) 
February

In our latest Video on how to use the Fibonacci retracements with the ONE44 rules and guidelines. We said "you still have to watch 61.8% below at 65.15, holding this and getting right back above the previous low can cause a sharp rally". In two days it has rallied $5.00.

We think there is more to come and here's why.

Holding a 61.8% level should send the market 61.8% the other way per the ONE44 61.8% rule. This is 79.25, this is the long term target. The short term target is 38.2% of the same move at 73.65.

A failure to hold 65.15 (61.8%) will give us a new downside target of 57.20.

On the chart you can see where the retracements stopped the rallies on 6/26/23, 9/13/23, 11/7/23, 12/1/23 and 12/18/23.

(CLG24) 

In the Video mentioned above we talked about the 69.70 level in Crude Oil and what holding it can do.

You can find the Video Here.

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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