Key Levels For Grains

Wheat - Wheat bence-balla-schottner-b1FS5jQrsLo-unsplash

Grains

(ZSH24) (ZWH24) (ZCH24) 

The charts below show natural support and resistance levels based on W.D. Gann's Law of Vibration. These are the short term major Gann squares.

Each level can be used as support and then resistance once taken out and the reverse when starting as resistance. These levels will be good until the end of each contract, they are the yellow horizontal lines.


We have the long term major Gann squares on our daily charts for longer term moves between these levels. These are also coupled with the Fibonacci retracements. You can see more of this on the Oats chart below.

We did a post back on 2/13/24 showing what to look for in the Oats based on the methods mentioned above.

You can find it here.

In it we said that a move above 23.6% at 384.00 and a close back below the 380.50 can cause a sharp selloff. It is almost 30 cents so far after that happening.

We have done over 35 videos on how to use the Fibonacci retracements with the ONE44 rules and guidelines.

This is our latest.

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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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On the date of publication, Nick Ehrenberg did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.