Cattle & Hog Analysis Targets

(LEM25) (HEM25) 

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. On the chart you can see where the market turned multiple times at these levels.

The second is Fibonacci retracements and this is what most of this post will be about.

There are a few basic rules when using the Fibonacci retracements with the ONE44 rules and guidelines.

This is the short version.

A 38.2% level keeps the trend intact and new highs/lows should follow.

A 23.6% level shows the market is extremely strong, or weak.

A 61.8%  level can send the market 61.8% of where it just can from and cause wide swings keeping the market in a trading range.

A 78.6% level can send it 78.6% of where it just came from and even be the end or start of a Bull market.

Livestock

Cattle

This will be the last update for June.

From last week,

The rally above the 213.50 major Gann square failed to get to the  221.11 major Gann square and yesterday's reversal has already hit the tightest retracement of 23.6% back to the 3/4/25 low at 210.65 and this will be the key level for the next week.

Use 210.65 as the swing point for the week.

 Above it, holding the tightest retracement of 23.6% back to the 3/4/25 low would be a very strong sign and a new high can quickly follow. The short term....

It held the 23.6% retracement at 210.65 and that keeps the trend extremely positive, however you still have to watch for the 78.6% retracement back to the 5/14/25 high, a failure to make a new high in this area can cause a quick selloff. The key level will again be 210.65 for the next week. Without a new high all the Above/Below remain the same.

Use 210.65 as the swing point for the week.

Above it, holding the tightest retracement of 23.6% back to the 3/4/25 low would be a very strong sign and a new high can quickly follow. The short term target is 78.6% back to the 5/14/25 high at 216.90, failing to make a new high in the area of a 78.6% retracement after holding 23.6% (210.65) would be a negative sign and a quick selloff can happen. Above that there are only major Gann squares above to look for resistance and then use as the swing point when closed above, the next two are 221.11 and 228.56.

Below it, the short term target area is 23.6% back to the 8/21/24 low at 207.20, 38.2% back to the 3/4/25 low at 205.90 and the 205.37 major Gann square, holding this area can send it quickly back to the high. The long term target is 38.2% back to the 8/21/24 low at 200.15, this is also the long term swing point.

We have done 47 videos on how to use the Fibonacci retracements with the ONE44 rules and guidelines. These Videos are worth watching even if it is not in the market you are trading, as the ONE44 rules and guidelines are the same for every market. You will also see why we believe the Fibonacci retracements are the underlying structure of ALL markets.

Here is the latest.

Lean Hogs

This will be the last update for June.

From last week,

The $4.00 rally from 96.70 has yet to make a new high for the move, but we will continue to look for this to happen based on the ONE44 38.2% rule, 96.70 will again be the key level for the next week. Without a new high all of the Above/Below remain the same. 

Use 96.70 as the swing point for the week again.

It still has not made a new high after holding 38.2% at 96.70 keeping the short term trend positive and it will again be the key level for the next week. With no new high all the Above/Below remain the same.

Use 96.70 as the swing point for the week again.

Above it, holding a 38.2% retracement keeps the short term trend positive and it can send this market to a new high. The short term target is the completion of the 78.6% (90.20) to 78.6% at 102.50. On a failure to turn lower from there the next level above it is a major Gann square at 104.30 and then 61.8% on the continuation chart at 107.50.

Below it, it got close enough to the 78.6% target (102.50) that we will use the ONE44 78.6% rule and look for 78.6% the other way at 91.00. On a failure to turn higher from this area, look for 78.6% on the continuation chart at 82.90.

ONE44 Analytics where the analysis is concise and to the point

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.

If you like this type of analysis and trade the Grain/Livestock futures you can become a Premium Member.

You can also follow us on YouTube for more examples of how to use the Fibonacci retracements with the ONE44 rules and guidelines.

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