We hope you have watched our latest video,

ONE44 Analytics, Fibonacci retracements, How the Grains put in their Bottom.

ONE44 Analytics sends an email to every Premium Member when the Weekly update is done on Thursdays, if you do not receive one, please check your spam folder, or make sure you are signed up for the emails in your ONE44 account settings.

Being this is a weekly update we give all the key levels to watch for the week using Fibonacci retracements and Major Gann squares. We set up scenarios to look for when a level holds, or fails based on these methods, so it is very important to know for yourself how to use them following the ONE44 rules and guidelines. The best way to get a better understanding of these methods is to read all the posts (even if not on Grains) and watch our YouTube videos, as we explain why we think what we think based on the rules and guidelines. It is also important to view all the charts, as they have the key levels marked on them, if there are extended moves.

Thank You to all the new subscribers!

To all our Subscribers, when you are logged in to our website you will get all of the content in every post, so it may look like every Member/Non Member is getting the same thing. Please be assured that what you are paying for as a Premium Member of  "Grains Weekly" is only accessible by you and is not posted anywhere else for free. This can be proven by logging out and trying to get the full article that has a yellow star with it. One exception is we will occasionally post articles on Barchart.com with excerpts from our website and Videos to draw people to the website.

Soybeans

Trend		Swing Point	Target
Long Term		1095.00	940.00
Intermediate Term		1026.00	1095.00
Short Term		1026.00	1095.00
As of: 2/20/2025, 1:19:05 PM

This will be the last update for March.

From last week,

The setback this week hit the short term target of 38.2% back to the 12/19/24 low at 1029.00, this will be the key level for the next week. Holding it is a strong sign and it could go for a new high just as it did after holding 38.2% on 1/7/25 and 1/16/25. We will also be watching the 78.6% level back to the 2/5/25 high, as a failure to make a new high in the area of 78.6% retracement can cause a quick setback per the ONE44 78.6% rule.

Use 1029.00 as the swing point for the week.

It held the 1029.00 swing point for the week, this is 38.2% back to the 12/19/24 low and it keeps the short term trend positive and we continue to look for the long term swing point above. With no new low all the Above/Below remain the same for this week.

Use 1029.00 as the swing point for the week again.

Above it, the short term target is 78.6% back to the 2/5/25 high at 1068.00. The longer term target is the long term swing point at 1095.00, above it turns the long term trend positive, You will still have to watch for a trade up to, or though 1095.00 and a close back below the 1086.50 major Gann square, as this can cause a quick setback. The long term target is 61.8% back to the contract high at 1188.25, this is also a major Gann square.

Below it, turns the short term trend negative and the target area is the 981.00 major Gann square and 78.6% at 976.00.

May

From last week,

The setback after hitting the combination level of 1092.00 (23.6% & 38.2%) has had a 50 cent setback so far and a penny short of 38.2% at 1040.00, this is the level that needs to hold to keep the short term trend positive, it will be the key level for the next week. 

Use 1040.00 as the swing point for the week.

It did have a small range for the week, however it stayed above the 1040.00 (38.2%) swing point for the week keeping the short term trend positive. With no new low all the levels Above/Below remain the same for this week.

Use 1040.00 as the swing point for the week again.

Above it, if this is all it can setback after hitting key longer term retracements above it is a very strong sign and a new high can follow. We will also be watching the 78.6% level back to the 2/5/25 high at 1081.00, a failure to make a new high in this area can send the market quickly lower (ONE44 78.6% rule). When and if it clears the 1092.00 area the long term target area is 61.8% back to the contract high at 1174.00  and the 1185.50 major Gann square. Before then is a major Gann square at 1135.75 to look for resistance and then use as the swing point when closed above.

Below it, you still have to watch for a trade down to the 1031.00 major Gann square and a close back above 1040.00 as this can cause a quick rally back to the high. Below 1040.00 turns the short term trend negative and the target area is 78.6% at 984.50 and the 977.75 major Gann square. 

Law of Vibration chart for short term support and resistance

Soybean Meal

Trend		Swing Point	Target
Long Term		335.00	290.00
Intermediate Term		315.00	290.00
Short Term		303.00	277.00
As of: 2/20/2025, 1:22:57 PM

May

May is sitting on the 301.80 major Gann square and just above 78.6% back to the 12/19/24 low at 299.50 and this will be the key level for the next week.

Use 299.50 as the swing point for the week.

Above it, following the ONE44 78.6% rule we will be looking for 78.6% the other way at 322.50. The long term target is the long term swing point at 336.00, this is 38.2% back to the contract high. Any rally that can't get above 38.2% at 311.00 is a negative sign and a new low can quickly follow.

Below it, a failure to turn higher from this area will give us only major Gann squares to use for support and then as the swing point when closed below, the next one is 274.50.

Law of Vibration chart for short term support and resistance

Soybean Oil

Trend		Swing Point	Target
Long Term		50.50	39.40
Intermediate Term		46.50	39.52
Short Term		44.20	47.50
As of: 2/20/2025, 1:25:36 PM

May

May has been up against the 47.40 major Gann square for over a month, this is also 78.6% of the 11/11/24 high and 12/26/24 low, this will be the key level for the next week.

Use 47.40 as the swing point for the week.

Above it, the short term target area is 61.8% back to the contract high at 51.05 and the 51.55 major Gann square. The long term target is 78.6% of the same move at 54.55.

Below it, following the ONE44 78.6% rule we will be looking for 78.6% the other way at 41.80. Any setback that holds 38.2% at 45.35 is a strong sign and it can quickly make a new high for this move up.

Law of Vibration chart for short term support and resistance

Corn

Trend		Swing Point	Target
Long Term		466.00	512.00
Intermediate Term		466.00	512.00
Short Term		466.00	512.00
As of: 2/20/2025, 1:30:31 PM

This will be the last update for March.

From last week,

Corn remains in a very strong position above the tightest 23.6% retracement at 475.00. Without making a new high, or low all the levels from last week remain the same.

Use 475.00 as the swing point for the week again.

Corn continues to make new highs, however it is approaching a longer term 61.8% retracement. The levels below have moved up with the new highs and we will use the 23.6% level at 480.00 as the key level for next week.

Use 480.00 as the swing point for the week.

Above it, the short term target area is 61.8% back to the contract high at 508.00 and the 512.25 major Gann square. Keep in mind a setback from a 61.8% level can send this market 61.8% the other way per the ONE44 61.8% rule, this level is yet to be determined. The long term target area is 78.6% back to the contract high at 538.00 and the 545.00 major Gann square.

Below it, the short term target is 38.2% back to the 8/26/24 low at 466.00, this is the long term swing point now, holding this area can send it back to a new high. The longer term target is the area of the 440.50 major Gann square, this is also 61.8% back to the 8/26/24 low.

May

From last week,

May also remains in a very strong position. It made a slightly higher high, but is still short of the 618.% level at 512.00, this level will again be key for the next week. All the levels Above/Below are the same for this week. 

Use 512.00 as the swing point for the week again.

It has now hit 61.8% at 512.00, but has not moved from this level in any meaningful way and it will again be the key level for the next week. The Above remains the same and the Below has moved up some.

Use 512.00 as the swing point for the week again.

Above it, you still have to watch for a trade up to, or above 512.00 and a close below the 504.75 major Gann square, as this can cause a quick selloff.  The short term target is 539.25, this is 78.6% and a major Gann square. The long term target is 571.75, this 38.2% on the continuation chart and a major Gann square.

Below it, the short term target is 38.2% back to the 8/26/24 low at 478.00, this is now the long term swing point, holding it can send quickly to a new high. With it hitting the 61.8% level at 512.00 the longer term target will be 61.8% the other way at 454.00 per the ONE44 61.8% rule.

Law of Vibration chart for short term support and resistance

Wheat

Trend		Swing Point	Target
Long Term		670.00	464.00
Intermediate Term		610.00	495.50
Short Term		575.00	610.00
As of: 2/20/2025, 1:35:09 PM

This will be the last update for March.

From last week,

March made a new high this week, but failed to get a close above the 585.75 major Gann square. On the plus side the setback so far has been unable to even get 38.2% to the 1/10/25 low keeping the short term trend positive. The 585.75 major Gann square will be key for the next week again.

Use 585.75 as the swing point for the week again.

Above it, the short term target area on a rally from here is 78.6% back to the 10/2/24 high at 616.00 and 38.2% back to the 5/28/24 high at 625.00, this is also the long term swing point. 

It made new highs for this rally, but fell short of the target area of 616.00/625.00 and today is back at the 585.75 major Gann square and this will be the key level for the next week. 

Use 585.75 as the swing point for the week.

Above it, the short term target area on a rally from here is 78.6% back to the 10/2/24 high at 616.00 and 38.2% back to the 5/28/24 high at 625.00, this is also the long term swing point. The long term target is 61.8% back to the 5/28/24 high at 679.00.

Below it, the short term target is 38.2% back to the 1/10/25 low at 577.00 this is also the short term swing point. The longer term target is 61.8% of the same move at 557.50.

May

From last week,

It made a new high this week before getting back below the 593.00 (23.6%) swing point, the positive thing is, that getting back below it couldn't even get it back 38.2% to the 1/10/25 low keeping the short term trend positive. Today it is right back at 593.00 and this will remain the key level for the week.

Use 593.00 as the swing point for the week again.

 Above it, look for the area of 38.2% back to the contract high at 628.00 (long term swing point) and the 634.75 major Gann square. The ....

The high this week fell short of the long term swing point at 628.00. We will now watch for 38.2% back to the 1/10/25 low at 589.00, this is the level that needs to hold to keep the short term trend positive, so it will be the key level for the next week.

Use 589.00 as the swing point for the week.

Above it, look for the area of 38.2% back to the contract high at 628.00 (long term swing point) and the 634.75 major Gann square. The long term target is 61.8% of the same move at 681.00. 

Below it, the short term target is 61.8% of the same move at 570.00. The long term target is 78.6% at 555.00.

Law of Vibration chart for short term support and resistance

Livestock

Cattle

April

From last week,

The last 3 days have held 195.50, however there has been no rally from it as of yet. This is the long term swing point and it has the potential to send this market right back to a new high. As always we will watch all the retracements on any rally to see just how strong, or weak the market is.

Use 195.50 as the swing point for the week again.

It now has 4 closes below the long term swing point at 195.50 turning the trend negative. June has yet to take out their long term swing point (Special Update). This will remain the key level for the next week.

Use 195.50 as the swing point for the week again.

Above it, the short term target is 38.2% back to the 1/28/25 high at 198.75, a failure to get above this level after getting back above the long term swing point would be a negative sign and a new low can quickly follow. The long term target area is the 203.88 major Gann square and 78.6% of the same move at 204.70.

Below it, the short term target area is the 190.25 major Gann square and 61.8% back to the 8/21/24 low at 188.00. The long term target is 23.6% on the continuation chart at 177.65, this is also a major Gann square.

June

From the Special Update,

The 38.2% level back to the 8/21/24 low is 189.70 and has not been hit yet. One thing you can watch for is a trade down to 189.70 and a close above the 192.32 major Gann square, it doesn't have to happen on the same day, but would be a very good sign if it did.

It has now hit 38.2% at 189.70 and this will be the key level for this week.

Use 189.70 as the swing point for the week.

Above it, the short term target is the 198.97 major Gann square, this is also 78.6% back to the 1/29/25 high. Any rally that can't get above 38.2% of the same move at 194.10 would be a negative sign and a new low can quickly follow.

Below it, failing to hold 189.70 turns the long term trend negative and the first target is 61.8% of the same move at 182.15. The long term target is 23.6% on the continuation chart at 172.56, this is also a major Gann square.

Feeder Cattle

March

From last week,

It spent the week trading around the 266.44 (23.6%) swing point for the week and today it closed back above it. This will remain the key level for next week.

This week also held 23.6% at 266.44 and it will again be the key level for the next week. With no new high, or low the Above/Below remain the same.

Use 266.44 as the swing point for the week again.

Above it, with this being 23.6%, it can send it to a new high and the 285.11 major Gann square. The short term target is 78.6% at 276.63, this is also a major Gann square. A failure to make a new high in the area of a 78.6% retracement can send this market quickly lower (ONE44 78.6% rule). Any rally that can't get back above the 268.71 major Gann square is a negative sign and a new low can quickly follow.

Below it, look for the long term swing point at 258.00, this is 38.2% back to the 9/9/24 low. A failure to hold 258.00 will give us a downside target area of the 245.36 major Gann square and 61.8% of the same move at 244.80.

Lean Hogs

April

From last week,

It made a new high this week, but fell short of the 95.35 major Gann square. With the new high we are going to make the swing point as tight as possible. We are using 23.6% back to the 1/8/25 low at 92.50. 

Use 92.50 as the swing point for the week.

Below it, the short term target area is 38.2% back to the 8/13/24 low (long term swing point) at 86.40 and the 86.07 major Gann square. Any setback that holds 23.6% of the same move at 89.60 keeps the trend extremely positive and a new high can quickly follow. 

Today it closed below 23.65 at 89.60, this will be the key level for the next week.

Use 89.60 as the swing point for the week.

Above it, the short term target is 78.6% back to the 2/12/25 high at 93.45. The long term target is 61.8% on the continuation chart at 97.30.

Below it, the short term target area is 38.2% back to the 8/13/24 low (long term swing point) at 86.40 and the 86.07 major Gann square. The long term target area is the 81.47 major Gann square and 61.8% back to the 8/13/24 low at 81.05.

Have a Great Weekend!