Soybean Analysis & Targets
Soybean Analysis & Targets
The chart is key to this analysis.
There are two methods we use at ONE44 to find support and resistance in the markets.
The first are major Gann squares, these are the yellow horizontal lines on the chart.
The second is Fibonacci retracements.
This is our latest Video on how to use the Fibonacci retracements with the ONE44 rules and guidelines. NEW VIDEO
In the update below we have the swing point and what to look for above and below based on the two methods of analysis.
September
From last week,
This week's low traded below the 965.25 major Gann square, but as of yet has not closed below it and this will be the key level for the next week.
Use 965.25 as the swing point for the week.
Above it, the short term target is 38.2% back to the 2/5/25 high at 1005.00. The longer...
The low last Friday was 965.25 and the rally took it through the short term target of 38.2% at 1005.00 and this turned the short term trend positive. We will now use 38.2% back to the 8/6/25 low at 1002.00 as the key level for the week.
Use 1002.00 as the swing point for the week.
Above it, keeps the short term trend positive and the short term target area is 61.8% at 1032.00 and the 1037.75 major Gann square. The longer term target is 78.6% at 1051.00. The long term target is 23.6% on the continuation chart at 1097.00.
Below it, the short term target is 78.6% back to the 8/6/25 low at 976.00. A failure to turn back up from there 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 940.00 and 913.75.
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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.
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