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Soybean Analysis & Targets![]() OverviewGrainsFrom last week,
Even with all the Grains hitting a 78.6% retracement below and the idea of a possible rally from it, what followed is why we watch all the retracements on every move to see just how strong, or weak the market is regardless of the longer term targets. Each of the markets failed to get above the first key retracement to say there is a chance for the rally to continue. In August Soybeans it was stopped by a 38.2% retracement at 1027.00 keeping the trend very negative and it quickly fell to a new low. The rally in Dec. Corn could not get above a 23.6% retracement at 425.25, which was also a major Gann square. September Wheat could not even get up to 38.2% at 555.00 and is now making a new low.
What has been happening in the Grains is the opposite of what is outlined in our New Video for Live Cattle and Gold on the 23.6% and 38.2% retracements. NEW VIDEO
Soybeans August From last week,
All of the closes were below the 1002.00 swing point for the week canceling out the idea of a possible turn higher from a 78.6% retracement. We are going to use the low on 12/19/24 as the key level for the week. Use 964.00 as the swing point for the week. Above it, the short term target is 23.6% back to the 6/20/25 high at 992.00. The longer term target is 1010.00, this is a major Gann square and 38.2% back to the same high. Below it, a trade down to the 954.50 major Gann square and close back above the previous low can cause a quick rally. A failure to turn higher from there will leave us only major Gann squares to look for support and then use as the swing point when closed below, the next one is 898.75. ![]() 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. This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
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