November Soybeans Continue The Rally From The Long Term Swing Point @ 1127.00

November Soybeans Continue The Rally From The Long Term Swing Point @ 1127.00

(ZSX26) 

The charts are 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.

On the charts you can see how many times the markets found support, or resistance and the major Gann squares and Fibonacci retracements.

We have done 45 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. This is the latest.

This is our analysis for this week using these methods.

7/2/26

November

From last week,

The setback from the 1156.00 (38.2%) swing point for the week held above the long term 38.2% level at 1127.00 (1130.00 low), being the long term swing point this will be the key level for the week.

Use 1127.00 as the swing point for the week. 

Above it, it has already reacted from 38.2% at 1156.0, however it needs to get above it to turn the short term trend positive too. The short term ...

This week traded between the longer term swing point at 1127.00 (38.2%) and the short term swing point at 1156.00 (38.2%), we will use 1156.00 as the key level for the week. This is the level that needs to be taken out to also turn the short term trend positive.

Use 1156.00 as the swing point for the week.

Above it, turns the short term trend positive and the target area is the 1185.75 major Gann square and 78.6% back to the 5/13/26 high at 1194.00, this also puts it back at the long term swing point (38.2% on the continuation chart) at 1196.00, when and if this level is taken out the long term target is 61.8% of the same move at 1347.00. Before then there are major Gann squares to look for resistance and then use as the swing point when closed above at 1226.00, 1260.50, 1297.75 and 1330.25.

Below it, the short term target is 38.2% back to the contract low at 1127.00 taking this out turns the longer term trend negative. The longer term target is the 1100.75 major Gann square. The long term target area is 61.8% back to the contract low at 1073.00 and the 1057.25 major Gann square.

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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.

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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