Soybean Analysis
(ZSN25) 

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. On the chart you can see where the market turned multiple times at these levels.

The second is Fibonacci retracements and this is what most of this post will be about.

There are a few basic rules when using the Fibonacci retracements with the ONE44 rules and guidelines.

This is the short version.

A 38.2% level keeps the trend intact and new highs/lows should follow.

A 23.6% level shows the market is extremely strong, or weak.

A 61.8%  level can send the market 61.8% of where it just can from and cause wide swings keeping the market in a trading range.

A 78.6% level can send it 78.6% of where it just came from and even be the end or start of a Bull market.

Soybeans July

5/10/25

From last week,

It failed to get two consecutively higher closes above 1058.00 (61.8%) and the setback with the new high at 1067.50 hit 38.2% back to the 4/7/25 low at 1037.00, this will be the key level for the next week. There are a few things at play here, failing to hold 1037.00 (38.2%) can send it to complete the 61.8% (1058.00) to 61.8% target at 1016.50. Holding 1037.00 can send it to a new high and the completion of the 78.6% (998.00) to 78.6% above.

Use 1037.00 as the swing point for the week.

The rally from 38.2% (1037.00) failed to get through 61.8% at 1058.00 and the setback from there went back to the 1037.00 swing point for the week. Without a new high or low all the Above/Below remain the same.

Use 1037.00 as the swing point for the week again.

Above it, holding a 38.2% retracement keeps the short term trend positive and a new high can follow per the ONE44 38.2% rule. The short term target is to complete the 78.6% (998.00) to 78.6% at 1079.00. The long term target is 61.8%....

Below it, the short term trend turns negative and the short term target is a completion of the 61.8% (1058.00) to 61.8% at 1016.50. Longer term look for.....

We have done 47 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.

Here is the latest.

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.

Sign up for our Free newsletter here.
 

FULL RISK DISCLOSURE: Futures trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Commission Rule 4.41(b)(1)(I) hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. Past performance is not necessarily indicative of future results.