Grain Analysis With Fibonacci & W.D. Gann
Grains
The charts are key to this analysis.
6/26/25
Soybeans
July
From last week,
Last Friday got right back above 1047.00 (38.2%) and the rally hit the short term target of 78.6% back to the 5/14/25 high at 1071.00, this will be the key level for the next week. It has not yet taken out the 5/14/25 high when it hit 78.6% at 1078.00, when and if it does we will then retrace the new high back to the 4/7/25 low and as long as it stays above 38.2% of that move (yet to be determined) the short term trend will stay positive and we can continue to look for the summer targets (4/13/25 update). The long term trend will turn positive when 38.2% back to the 11/15/24 high is taken out at 1097.00. It hit this on 2/4/25 and the setback from it failed to make a new low at a 78.6% retracement on 4/7/25 at 997.00 and following the ONE44 78.6% rule, we believe this is the base of the next Bull run, it already hit the first part of that rule of 78.6% the other way at 1079.00 on 5/14/25 in the July contract.
Use 1071.00 as the swing point for the week.
Below it, the short term target is 78.6% back to the 6/2/25 low at 1043.00. The long term target area is 78.6% of the same move at 1006.00 and the 1000.00 major Gann square. Another level of support is 61.8% at 1022.00.
The setback from the 1071.00 (78.6%) swing point took it to and through the short term target of 78.6% the other way at 1043.00 based on the ONE44 78.6% rule. It has now hit 61.8% at 1022.00 and this will be the key level for next week. The long term structure of the market remains positive and it looks like it has more building to do since it has failed to stay above a 38.2% retracement.
Use 1022.00 as the swing point for the week.
Above it, the short term target is 61.8% the other way at 1057.50 based on the ONE44 61.8% rule, there is a major Gann square at 1056.50 for added resistance. The longer term target is the 1109.75 major Gann square. Any rally that can't get above 38.2% back to the 6/14/25 high at 1042.00 is a negative sign and a new low can quickly follow.
Below it, look for the area of 78.6% at 1006.00 (this would complete the 78.6% at 1079.00 to 78.6% target) and the 1000.00 major Gann square. A failure to turn higher from this area will give us only major Gann squares to look for support and the use as the swing point when closed below, the next two are 971.50 and 943.75.
Corn
July
From last week,
This market remains under extreme pressure and can't even take out the tightest retracements above. Without any new low, or high all the Above/Below remain the same.
Use 450.50 as the swing point for the week again.
Below it, the target area is the 424.50 major Gann square and 78.6% on the continuation chart at 419.00. A failure to turn higher
Nothing has been able to turn this market back up as it remains below key retracements on any rally attempts. It now has two closes below 78.6% at 419.00 and this will be the key level for the week.
Use 419.00 as the swing point for the week.
Above it, the short term target is 23.6% back to the 2/19/25 high at 435.00. The longer term target is 38.2% of the same move at 451.00, this is the level that needs to be taken out to turn the short term trend positive.
Below it, the target area is 78.6% on the weekly continuation chart at 390.00 and the 385.25 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 362.50 and 339.25.
Wheat
July
From last week,
The 45 cent rally from the 528.25 major Gann square and swing point for the week turned the short term trend positive. The setback from 38.2% at 556.20 failed to make a new low twice at the 528.25 major Gann square, once on 5/28/25 and again on 6/13/25 and this could be the start of the summer rally provided they continue to hold 38.2% back to the 5/13/25 low at 550.00, this will be the key level for the next week.
Use 550.00 as the swing point for the week.
Below it, the best scenario is, it won't even get back below 556.25 (38.2% and major Gann square). Below 550.00 the target area is the 528.25 major Gann square and 78.6% back to the 5/13/25 low at 522.00.
The hope of a new rally starting was quickly ended when it failed to hold 38.2% at 550.00 and that turned the short term trend negative again. It is now in the target area of the 528.25 major Gann square and 78.6% back to the 5/13/25 low at 522.00, this will be the key level for the next week.
Use 522.00 as the swing point for the week.
Above it, the short term target is 78.6% the other way at 567.00 based on the ONE44 78.6% rule. Any rally that can't get above 38.2% at 545.00 is a negative sign and a new low can quickly follow. The long term trend will not turn positive until 603.00 is taken out.
Below it, a failure to turn higher from the 522.00 area 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 498.50 and 471.75.
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