Hogs & Meal With Fibonacci & W.D. Gann Analysis

(ZMZ25) (HEV25) 

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.

Here 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.

Soybean Meal

December

From last week,

It had one close above 296.50, this is a major Gann square and 38.2% back to the 2/4/25 high and today closed right back below it keeping the short term trend negative. This will again be the key level for the week. Without a new high, or low all the Above/Below levels remain the same.

Use 296.50 as the swing point for the week.

All of the closes for this week have been below the 296.50 major Gann square and swing point for the week, this will again be the key level for the week. All of the Above/Below remain the same.

Use 296.50 as the swing point for the week again.

Above it, turns the short term trend positive and the short term target is 61.8% at 311.10, also a major Gann square. The longer term target area is 78.6% back to the 2/4/25 high at 320.00 and the 323.60 major Gann square.

Below it, the short term target is 78.6% back to the 7/31/25 low at 278.50. A failure to turn back up 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 two are 269.00 and 255.50.

Lean Hogs

October

From last week,

The break from 61.8% at 92.85 on 8/6/25 took it right to 61.8% the other way at 88.80 per the ONE44 61.8% rule, this will be the key level for the week and the short term target above will come from the same ONE44 rule.

Use 88.80 as the swing point for the week.

Above it, the short term target is 61.8% the other way at 91.45. The longer term target is 78.6% back to the 6/23/25 high at 94.80, this is also a major Gann square. The long...

The rally from 61.8% (88.80) hit the 61.8% short term target at 91.45 to complete the ONE44 61.8% rule and also hit the longer term target of 94.80 (94.82 high) which is a major Gann square and 78.6% back to the contract high, this will be the key level for the week. With 94.80 being a 78.6% retracement we will use the ONE44 78.6% rule to get the longer term target below.

Use 94.80 as the swing point for the week.

Above it, the target remains a new high after holding 38.2% on 7/15/25, the next two major Gann squares are 99.27 and 104.11.

Below it, on a failure to make a new high in the area of a 78.6% retracement, the first target when using the ONE44 78.6% rule is 78.6% the other way at 87.90, the second can be the end of the Bull run for now and we would look for 61.8% back to the contract low at 82.10. Any setback that holds 38.2% back to the 7/15/25 low at 91.55 is a very strong sign and a new high can quickly follow.

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.
 

FULL RISK DISCLOSURE: Futures trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Commission Rule 4.41(b)(1)(I) hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. Past performance is not necessarily indicative of future results.