Wheat Analysis

The chart is key to this analysis.

(ZWU25) 

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.

Here 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.

September

From last week,

The high for the week was 557.50 and the setback from it took it back to 78.6% of the 5/13/25 low and 6/20/25 high at 537.00, it held this area before on 6/26/25, this will be the key level for the week. 

Use 537.00 as the swing point for the week. 

Above it, with the new low the previous 38.2% level moves down to 556.50 and this will be the short term target. The longer 

It spent the week sitting on 78.6% at 537.00 and failed to get above 38.2% at 556.50 keeping the short term trend negative. As long as 537.00 (78.6%) can hold we continue to look for a longer term rally, this will again be the key level for the week.

Use 537.00 as the swing point for the week.

Above it, the short term target is 38.2% at 556.50, this is the level that needs to be taken out to turn the short term trend positive. The longer term target area is 78.6% the other way at 581.00 per the ONE44 78.6% rule and the 582.25 major Gann square. The long term target is…

Below it, you still have to watch for a trade down to the 530.25 major Gann square and close back above 537.00 as this can cause the same rally as holding 537.00 would, only the levels above will move down slightly. A failure to turn higher from this area will give us only major Gann squares to look for support and then use as the swing point when closed below, the next…

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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