Live Cattle Update

Live Cattle Update

(LEQ26) 

As strong as the Cattle has been this year holding key 38.2% retracements on 3/9/26 and 23.6% retracements on 4/23/26 and 5/11/26 the market just got turned lower by a 78.6% retracement and major Gann square. 

ONE44 78.6% rule short version,

Any market that hits 78.6% should go 78.6% back the other way. This is also where a lot of Bull markets end and start.

Here is our latest video on how to use the Fibonacci retracements with the ONE44 rules and guidelines.

This is our analysis for this week,

Livestock

Cattle

August

From last week,

The trade below the 244.75 swing point for the week held the short term target area of 240.80 and 239.20 and the rally from it is just short of 78.6% at 249.25 and this will be the key level for the week and just like the June contract, 

To be clear the market remains extremely strong as it has not even been above to get back to a longer term 23.6% level, however we always have to watch a 78.6% retracement because a failure to make a new high in this area can cause a sharp selloff per the ONE44 78.6% rule.

Use 249.25 as the swing point for the week.

As strong as the market was by holding above 23.6% at 239.20 we said you always have to watch the 78.6% level back to the high as a failure to make a new high in the area of a 78.6% retracement can end the run for now per the ONE44 78.6% rule. It has now retreated over $10.00 and is at the 240.80 major Gann square and this will be the key level for the week. We will now be looking for the long term swing point to see if the Bull run is over for now, or new highs follow.

Use 240.80 as the swing point for the week.

Above it, the short term target is the 248.40 major Gann square, this is also 78.6% back to the 5/18/26 high. A failure to turn lower from this area gives us only major Gann squares to look for resistance and then use as the swing point when closed above, the next two are 257.07 and 265.40.

Below it, the short term target area is the 232.78 major Gann square and 38.2% back to the 11/25/25 low at 231.00, this is the level that needs to hold to keep the Bull market intact and a new high possible. The longer term target is the 225.46 major Gann square and the long term target area is 61.8% of the same move at 218.30 and the 217.40 major Gann square.

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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