Weekly Grain/Livestock Update 3/6/25
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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.
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Soybeans
| Trend | Swing Point | Target | |
|---|---|---|---|
| Long Term |  |
1261.00 | 980.00 |
| Intermediate Term | |
1092.00 | 985.00 |
| Short Term | |
1031.00 | 977.75 |
| As of: 3/6/2025, 1:28:05 PM | |||
May
From last week,
The rally from the short term swing point at 1040.00 (38.2%) could only get to 1066.75 and the setback from there has it right back on 1040.00. This level will again be key for the next week. Above the 78.6% level has moved down to 1080.00 and we are adding in 61.8% below for the short term target. With not much of a rally from 1040.00 you will still have to watch for a trade down to the 1031.00 major Gann square and a close back above it (1040.00).
Use 1040.00 as the swing point for the week again.
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 short term target is 61.8% of the same move at 1008.00, the long term target area is 78.6% at 984.50 and the 977.75 major Gann square.
There was no turn higher from the 1031.00 major Gann square. The break this week took it to and through the short term target of 61.8% at 1008.00, it had one close below it and the next day was right back above, the rally from there has hit 38.2% back to the 2/5/25 high at 1031.00, this is also a major Gann square and will be the key level for next week. A failure to get above this level will keep the short term trend negative.
Use 1031.00 as the swing point for the week.
Above it, with 1008.00 being 61.8% we will be looking for 61.8% the other way at 1054.00 per the ONE44 61.8% rule. The longer term target is 78.6% of the same move at 1071.00. The Intermediate term trend will not turn positive until it can get through 1092.00 (23.6%. 38.2%).
Below it, the short term target area is 78.6% at 984.50 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.
Law of Vibration chart for short term support and resistance
Soybean Meal
| Trend | Swing Point | Target | |
|---|---|---|---|
| Long Term | |
335.00 | 274.50 |
| Intermediate Term | |
325.00 | 274.50 |
| Short Term | |
305.00 | 293.00 |
| As of: 3/6/2025, 1:31:38 PM | |||
May
From last week,
Meal held the 299.50 (78.6%) swing point for the week, however it had a very small range for the week and this level will again be key for the next week. With a slightly lower low the 38.2% level moves down some and the Below remains the same.
Use 299.50 as the swing point for the week.
The trade below the 299.50 swing point didn't make a new low and the rally from there has now hit 38.2% back to the 1/3/25 high at 305.00 and this will be the key level for the next week.
Use 305.00 as the swing point for the week.
Above it, The short term target is 78.6% of the same move at 320.50. The long term target is the long term swing point at 335.00.
Below it, The short term target is 78.6% back to the 3/4/25 low at 294.50, 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 274.50.
Law of Vibration chart for short term support and resistance
Soybean Oil
| Trend | Swing Point | Target | |
|---|---|---|---|
| Long Term | |
44.50 | 38.59 |
| Intermediate Term | |
44.50 | 38.59 |
| Short Term | |
44.50 | 41.70 |
| As of: 3/6/2025, 1:34:37 PM | |||
May
From last week,
The setback from the 47.40 (78.6%) major Gann square and swing point for the week hit 38.2% at 45.35. Holding this level would be a strong sign and new highs can follow, it will be the key level for next week.
Use 45.35 as the swing point for the week.
Below it, following the ONE44 78.6% rule we will be looking for 78.6% the other way at 41.80. The long term....
It failed to hold the 45.35 swing point for the week and that turned all the trends negative. The low this week was just above the 78.6% target at 41.80, this will be the key level for the next week, getting this close we will be using the ONE44 78.6% rule to get the longer term target of 78.6% the other way.
Use 41.80 as the swing point for the week.
Above it, look for 78.6% back to the 2/19/25 high at 47.40 per the ONE44 78.6% rule, this is also a major Gann square. The short term target is 38.2% of the same move at 44.50, a failure to get above this area will be a negative sign and a new low can quickly follow. The long term target area is 61.8% back to the contract high at 51.05 and the 51.55 major Gann square.
Below it, a failure to turn up from 41.80 (78.6%) 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 38.59.
Law of Vibration chart for short term support and resistance
Corn
| Trend | Swing Point | Target | |
|---|---|---|---|
| Long Term | |
478.00 | 425.00 |
| Intermediate Term | |
472.00 | 435.00 |
| Short Term | |
472.00 | 435.00 |
| As of: 3/6/2025, 1:37:24 PM | |||
May
From the Special Update on 3/2/25,
The quick selloff from the 61.8% level at 512.00 has now taken out the long term swing point at 478.00 turning it negative, this will now be the key level for the week. Provided it stays below it on Monday we will be looking for it to complete the 61.8% to 61.8% target, per the ONE44 61.8% rule.
Use 478.00 as the swing point for the week.
Below it, look for the completion of the 61.8% (512.00) to 61.8% target at 454.00. The long term ....
Corn completed the 61.8% (512.00) to 61.8% at 454.00, it had one slight close below it and the next day was right back above it. We will be using the ONE44 61.8% rule again for the short term target. The rally from 454.00 has already hit 38.2% back to the 2/19/25 high at 472.00 and this will be the key level for next week. Taking out 478.00 turned all the trend negative again, getting right back above 472.00 will change that back to positive.
Use 472.00 as the swing point for the week.
Above it, the short term target is the completion of the 61.8% target at 490.00, based on the 61.8% rule. The long term target area is 78.6% to the 2/19/25 high at 503.00 and the 504.75 major Gann square.
Below it, a failure to get above 472.00 (38.2%) is a negative sign and a new low can quickly follow. The target area below is 78.6% of the 8/26/24 low and 2/19/25 high at 436.00 and the 425.00 major Gann square.
Law of Vibration chart for short term support and resistance
Wheat
| Trend | Swing Point | Target | |
|---|---|---|---|
| Long Term | |
628.00 | 522.75 |
| Intermediate Term | |
600.00 | 522.75 |
| Short Term | |
565.00 | 535.00 |
| As of: 3/6/2025, 1:40:37 PM | |||
May
From the Special Update on 3/2/25,
On Friday Wheat hit the 78.6% retracement of the 1/10/25 low and 2/18/25 high at 555.00 and this will now be the key level for the week. Provided it can hold this level we will use the ONE44 78.6% rule for the upside target of 78.6% of where it just came from.
Use 555.00 as the swing point for the week.
Wheat made a new low for the year and the next day it was right back above that low and today is just short of 38.2% back to the 2/18/25 high at 565.00 and this will be the key level for the next week.
Use 565.00 as the swing point for the week.
Above it, a failure to get above 565.00 is not a good sign and a new low can quickly follow. The short term target is 78.6% back to the 2/18/25 high at 602.00. The long term target is the long term swing point at 628.00.
Below it, the range is tight, but if it can hold 78.6% of the 3/4/25 low and 3/6/25 high at 537.00 it could be the start of the next rally just as it did on 1/27/25. A failure to turn higher from here 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 522.75 and 493.50.
Law of Vibration chart for short term support and resistance
Livestock
Cattle
April
From last week,
There has been no follow through with all the closes below the long term swing point at 195.50 (38.2%) and yet there is no big rally that you would expect after getting back above a key long term level. The June contract is still holding its long term swing point, but the rally has been muted so far (not a good sign). With no new low all the Above/Below remains the same for the next week.
Use 195.50 as the swing point for the week again.
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...
This week's low hit the top end of the short term target area at the190.25 major Gann square, the rally from it has already hit 38.2% back up to the 1/28/25 high at 196.50 and this will be the key level for the next week.
Use 196.50 as the swing point for the week.
Above it, turns the short and long term positive again. The short term target is 61.8% of the same move at 200.85. The long term target is 78.6% at 203.88, this is also a major Gann square.
Below it, look for 61.8% back to the 8/21/24 low at 188.00. The longer term target is 78.6% of the same move at 182.35. The long term target is 23.6% on the continuation chart at 177.65, this is also a major Gann square.
June
From last week,
June has held above the long term swing point at 189.70, but has not had much of a rally yet, this level will again be key for the next week. With no new low the Above remains the same for the next week.
Use 189.70 as the swing point for the week again.
Below it, failing to hold 189.70 turns the long term trend negative and the short term target is the 185.68 major Gann square. The longer term ....
This week's low hit the short term target of the 185.68 major Gann square and has already rallied up to 38.2% back to the 1/29/25 high at 191.35 and the 192.32 major Gann square. The 38.2% level is now both the short and long term swing point and the key level for next week.
Use 191.35 as the swing point for the week.
Above it, the short term target is 61.8% of the same move at 195.25. The long term target area is 78.6% at 198.00 and the 198.97 major Gann square.
Below it, the short term target is 78.6% back to the 3/4/25 low at 186.75. The longer term 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
April
From last week,
After holding the 263.80 major Gann square and 38.2% back to the 10/31/24 low, it has now hit 78.6% back to the 1/29/25 high at 275.55 and this will be the key level for next week. A failure to make a new high in the area of a 78.6% retracement can end the rally for now when following the ONE44 78.6% rule.
Use 275.55 as the swing point for the week.
Below it, the short term target is 78.6% the other way at 265.75. The long...
The setback this week from 275.55 was $9.00, however it got right back to it with the wild trade this week. Yesterday closed just above 275.55 and this will again be the key level for this week. Without making a new high, or hitting the first support from last week all the Above/Below will remain the same.
Use 275.55 as the swing point for the week again.
Above it, a failure to turn lower from this area will give us only major Gann squares to look for resistance and then use as the swing point when closed above, the next two are 280.20 and 288.80.
Below it, the short term target is 78.6% the other way at 265.75. The long term target area is the long term swing point at 259.00 (38.2%) and the 256.00 major Gann square.
Lean Hogs
April
From last week,
The break from the 89.60 swing point has hit the short term target area of 86.40 and 86.07, with this also being the long term swing point, 86.40 will be the key level for the next week. It can have one close below it, but the next day has to be right back above it to be good.
Use 86.40 as the swing point for the week.
Below it, turns the long term negative and the short term target area is the 81.47 major Gann square and 61.8% at 81.10. The long term
Failing to hold 86.40 turned the long term trend negative and this week's low hit the short term target area of the 81.47 major Gann square and 61.8% at 81.10. With 81.10 being a 61.8% retracement we will use the ONE44 61.8% to get the upside target of 61.8% the other way. It has already hit 38.2% back to the high at 86.07, this is also a major Gann square and it will be the key level for the next week.
Use 86.07 as the swing point for the week.
Above it, look for it to complete the target of 61.8% back to the 2/12/25 high at 89.40 based on the ONE44 61.8% rule. There is also the long term swing point of 86.40. A failure to stay above this area keeps the short term and long term negative and a new low can quickly follow. The long term target is 78.6% back to the 2/12/25 high at 91.70.
Below it, getting right back below 86.07 turns the short and long term trend negative and the short term target 78.6% back to the 3/4/25 low at 82.00. The long term target is the 77.80 major Gann square and 78.6% back to the 8/13/24 low at 77.40.
June
June also hit the area of 61.8% back to the August low at 93.70 and the 92.36 major Gann square. The 61.8% level will be the key level for the next week.
Use 93.70 as the swing point for the week.
Above it, The long term target is 61.8% back to the 2/18/25 high at 100.85 based on the ONE44 61.8% rule. The short term target area is 38.2% of the same move at 97.510 and the 97.89 major Gann square, a failure to get above this area keeps the short and long term trend negative.
Below it, The short term target is 78.6% back to the 8/13/24 low at 90.20. The long term target area is the 83.58 major Gann square and 78.6% on the continuation chart at 82.90. There is one major Gann square before then to look for support and then use as the swing point when closed below at 87.50.
