Soybeans

The chart is key to this analysis.

(ZSN25) 
6/19/25

July

From last week,

In the reverse of last week, it closed everyday but today above the 1047.00 (38.2%) swing point for the week. This level will again be key for the next week. The long term view remains the same that we mentioned last week. Without any of the targets being hit this week all of the Above/Below remain the same.

Use 1047.00 as the swing point for the week again.

Above it, the short term target is 78.6% back to the 5/14/25 high at 1071.00.  The long term target is....

Last Friday got right back above 1047.00 (38.2%) and the rally hit the short term target of 78.6% back to the 5/14/25 high at 1071.00, this will be the key level for the next week. It has not yet taken out the 5/14/25 high when it hit 78.6% at 1078.00, when and if it does we will then retrace the new high back to the 4/7/25 low and as long as it stays above 38.2% of that move (yet to be determined) the short term trend will stay positive and we can continue to look for the summer targets (4/13/25 update). The long term trend will turn positive when 38.2% back to the 11/15/24 high is taken out at 1097.00. It hit this on 2/4/25 and the setback from it failed to make a new low at a 78.6% retracement on 4/7/25 at 997.00 and following the ONE44 78.6% rule, we believe this is the base of the next Bull run, it already hit the first part of that rule of 78.6% the other way at 1079.00 on 5/14/25 in the July contract.

This is from the 4/10/25 update when May was the front month,

Above it, provided it can get right back above it and the 78.6% level at 984.50, the long term target will be 78.6% back to the 2/5/25 high at 1066.00, per the ONE44 78.6% rule. The short term target will be 38.2% back to the same high at 1016.00, this is the level that needs to be taken out to turn the short term trend positive. Any rally....

The market did get right back above it on Monday and it has rallied over 55 cents so far. Today it closed above the short term swing point at 1016.00 and this turns the short term trend positive. Provided it stays above it we will be looking for it to complete the 78.6% (984.00) to 78.6% at 1066.00.  The key level for the next week will be 1016.00.

Use 1071.00 as the swing point for the week.

Above it, the short term target is the 1109.50 major Gann square. One thing to watch for is a trade up to and even through 1109.50 and a close back below 1097.00 (38.2%) as this can cause a sharp setback. Once it can clear 1097.00 the long term trend turns positive and …..

Below it, the short term target is 78.6% back to the 6/2/25 low at 1043.00. The long term target area is ….

This is our latest video (48 in total) on how to use the Fibonacci retracements with the ONE44 rules and guidelines.

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