Up Trend, Down Trend Cattle Keeps Following The Fibonacci Retracements
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.
This is our latest Video on how to use the Fibonacci retracements with the ONE44 rules and guidelines. NEW VIDEO
In the update below we have the swing point and what to look for above and below based on the two methods of analysis.
As you can see on the chart below every setback in Cattle on the massive rally held either a 23.6%, 38.2% retracement to keep the trend intact. You can also see on the chart how the rallies now that the trend has changed are stopping at the 38.2% retracement to keep the trend negative.
This is our update for Cattle from our Weekly Grain/Livestock Update on 11/20/25
Livestock
Cattle
This will be the last update for December.
From last week,
Cattle have had some amazing swings to say the least from 38.2% retracements. After coming off from a 38.2% level at 232.85 it hit the long term target and swing point at 218.88, this was also a major Gann square, it then became the swing point for last week and the rally from it hit 38.2% back to the contract high at 229.40, as we pointed out last week,  "if this is all it can rally from the long term swing point it is a negative sign".  The break from there hit the long term swing point again at 218.88 and this will be the key level for the week again. It can trade below this level since it already rallied from it before, but the close needs to back above it to keep the long term trend positive.
Use 218.88 as the swing point for the week again.
 Above it, the short term target will be 38.2% back to the 10/16/25 high again at 229.40, a new low will lower this level and you will have to retrace it to the 10/16/25 high....
 The rally back above the long term swing point at 218.88 (38.2%) failed to even get to 38.2% back to the 10/16/25 high at 229.40 and now has two closes below it. This will again be the key level for the week since it is the long term swing point and a major Gann square.Â
Use 218.88 as the swing point for the week again.
Above it, the short term target area is the 226.02 major Gann square and 38.2% back to the 10/16/25 high at 226.45, a failure to get above this area keeps the short term trend negative and a new low can quickly follow. The longer term target is the 233.65 major Gann square. The long term target is 78.6% back to the same high at 241.07, this is also a major Gann square.
Below it, keeps the long term trend negative and the long term target is 61.8% back to the contract low at 201.50. Before then there are major Gann squares to look for support and then use as the swing point when closed below at 211.60 and 204.62.

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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.
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