Live Cattle Update

The chart is 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. 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.

This is the update we sent out on 3/20/25

Cattle

(LEJ25) 

This will be the last update for April.

From last week,

The rally above the 196.50 swing point hit the first target of 61.8% at 200.85, it hesitated there, but had no measurable setback and is now just short of the long term target of 78.6% at 203.88, this also major Gann square and it will be the key level for the next week. 

Use 203.88 as the swing point for the week.

Nothing has stopped this rally so far and we will watch the major Gann squares above for resistance and the retracements back to the 3/4/25 low for the first sign of a trend change. The tightest support is 23.6% back to the 3/4/25 low at 203.88, this also a major Gann square, it will again be the key level for next week.

Use 203.88 as the swing point for the week.

Above it, there are only major Gann squares to look for resistance and then use as the swing point when closed above, the next two are 210.97 and 218.23.

Below it, the short term trend will not turn negative until 38.2% back to the 3/4/25 low is taken out at 201.50, this is the short term target. The long term target is also the long term swing point at 196.20, this is 38.2% back to the 8/21/24 low. 

Special Note,

On Friday April hit the 210.97 major Gann square and this is now the swing point. Below it the retracements have moved up. The most important one is now the combination of 23.6% back to the 8/21/25 low and 38.2% back to the 3/4/25 low at 202.95, holding this keeps the trend extremely positive and a failure to hold it turns the short term trend negative.

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.

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.

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