Soybean Analysis & Targets

Soybean Analysis & Targets

(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.

It was posted on 7/16/26, our next Weekly Update is tomorrow.

On the chart you can see how the 38.2% Fibonacci retracement has kept the trend intact.

November

From last week,

It had one close above 1194.00 (78.6%) swing point and then closed right back below it the next day and this remains the key level for the week. With the new high the support levels moved up some.

Use 1194.00 as the swing point for the week again.

 Below it, using the ONE44 78.6% rule.... Any setback that holds 38.2% at 1173.00 is a strong sign and a new high can quickly follow.

The setback last Friday held 38.2% at 1173.00 perfectly keeping the trend very strong and has now put out a new high. It has one close above the long term swing point at 1196.00 (38.2%) and is currently trading above it and this will be the key level for the week and long term trend. It also only has one close above last week's swing point at 1194.00, so getting right back below it can send it 78.6% the other way per the ONE44 78.6% rule.

Use 1196.00 as the swing point for the week.

Above it, turns the long term trend positive and 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, using the ONE44 78.6% rule the short term target is 78.6% the other way at 1139.00. 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. (This is valid again) Any setback that holds 38.2% at 1175.00 is 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.

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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