Wheat & Cattle Key Levels For The Week

Wheat & Cattle Key Levels For The Week

(ZWK26) (LEJ26) 

The charts are key to this analysis.

From the ONE44 Weekly Grain/Livestock Update 3/12/26

Wheat

May

From last week,

The rally this week made a new high for the current leg and yesterday's setback held the new 38.2% level back to the 1/2/26 low at 569.00 keeping the short term trend positive, this will be the key level for the week.

Use 569.00 as the swing point for the week.

Above it, the short term target is 618.00, this is 61.8% of the same move and 78.6% back to the 6/20/25 high. The long...

The rally from 38.2% at 569.00 made a new high spiking above the short term target at 618.00 and then closed below it, the setback held the new 38.2% level back to the 1/2/26 low at 593.00 and this keeps the long term trend positive, this will be the key level for the week.

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Use 593.00 as the swing point for the week.

Above it, the short term target is the 635.00 major Gann square. The longer term target is 61.8% back to the contract high at 661.00. The long term target is 703.00, this is 23.6% back on the continuation chart. 

Below it, turns the trend negative again and the short term target is 61.8% at 562.00. The longer term target is 78.6% at 541.00.

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Livestock

Cattle

This will be the last update for April.

From last week,

The setback from the 245.15 major Gann square hit the short term target area of the 230.02 major Gann square and 38.2% at 229.60 keeping the long term trend positive (ONE44 38.2% rule), this will be the key level for the week. We will be watching the 78.6% retracement above, a failure to make a new high in this area can cause a quick selloff.

Use 229.60 as the swing point for the week.

Above it, the short term target is 78.6% back to the 2/4/26 high at 241.00, following the ONE44 78.6% rule, a failure to make a new high in the area of a 78.6% retracement can send it 78.6% of where it just came from and even be the end of the bull run for now. A failure....

The market failed to make a new high after holding 38.2% at 229.60 and has now traded right around 229.60 swing point and this will again be the key level for the week. Failing to hold this level will turn the longer term trend negative.

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Use 229.60 as the swing point for the week again.

Above it, the short term target is 78.6% back to the 2/4/26 high at 241.00. A failure to turn lower from this area will give us only major Gann squares to look for resistance and then use as the swing point when closed above, the next two are 260.50 and 277.89. 

Below it, the short term target is 61.8% back to the 11/25/26 low at 220.60. The long term target is 78.6% of the same move at 213.65.

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