Corn Completes The ONE44 61.8% (450.00) to 61.8% Target at 473.00

Corn Completes 61.8% (450.00) to 61.8% Target at 473.00

(ZCN26) 

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.

The ONE44 61.8% rule is,

Whenever the market holds 61.8% of a move, look for it to go 61.8% of where it just came from. This usually happens when a market is directionless, or in a consolidation period.

On 4/10/26 the low hit 61.8% of the 8/12/25 low and 3/9/26 high at 450.00. The rally from this hit the 61.8% target the other way at 473.00 today.

Here is the analysis we put out for Corn on 4/16/26 in our Weekly Grain/Livestock Update,

Corn

July

From last week,

It traded slightly below the 450.50 (61.8%) swing point, but never closed below it. With the new low the rally from it was just shy of 38.2% back to the 3/9/26 high at 463.00 and this will be the key level for the week.

Use 463.00 as the swing point for the week.

 Below it, the short term target is 78.6% back to the 4/10/26 low at 451.50, failing to make a new low in this area can be the start of the next leg up per the ONE44 78.6% rule. The long....

 Friday's low (452.50) was just above the short term target of 78.6% at 451.50 and the rally from it took it back to the 463.00 swing point for the week and this will be the key level for the week again, this is the level that needs to be taken out to turn the short term trend positive. It is currently trading right at this level.

Use 463.00 as the swing point for the week again.

Above it, turns the short term trend positive and the short term target will be 61.8% the other way at 473.00 per the ONE44 61.8% rule. The longer term target area is 78.6% of the same move at 479.00 and the 482.50 major Gann square.

Below it, the short term target is 78.6% back to the 4/10/26 low at 452.50, failing to make a new low in this area can be the start of the next leg up per the ONE44 78.6% rule. The long term target area is the 443.00 major Gann square and 78.6% back to the contract low at 441.00, 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 423.00. Any setback that holds 38.2% back to the 4/10/26 low at 459.00 would be a 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.

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