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Weekly Grain update 10/30/22

Weekly Grain update 10/30/22
Photo by meriç tuna / Unsplash

Overall one of the most uneventful weeks of the year for Corn, Soybeans and Wheat.

Soybeans and Wheat sat on their swing points for the week, keeping the upside targets intact. Corn stayed below its swing point, but still remained in a positive position.

Soybean Oil hit our long term target and closed below the 72.43 major Gann square.

Soybean Meal now has two closes above the 414.00 swing point for the week and a major Gann square, we think there is a bit more to come on the upside.

Cattle and Hogs update is in the members area.

We will now be posting videos on a weekly basis

They will cover different markets each week and show how to use the Fibonacci retracements with the ONE44 rules and guidelines.

In this one, we go over the Dow Futures, Nasdaq 100, MSFT, GOOGL, DCE Soy Meal and Lean Hogs. We are doing this to show how (in our opinion) the Fibonacci retracements are the underlying structure of ALL markets.

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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