Grains

(ZSX23)(ZCZ23)(ZWZ23) 

The Charts below are natural support and resistance levels that are based on W.D.Gann's "Law of Vibration".

• Mr Gann viewed stocks as live electrons, atoms, and molecules which hold persistently to their own individuality in response to the fundamental Law of Vibration. Science teaches 'that an original impulse of any kind finally resolves itself into periodic or rhythmical motion, also just as the pendulum returns again in its swing, just as the moon returns in its orbit, just as the advancing year ever brings the rise or spring, so do the properties of the elements periodically recur as the weight of the atoms rises'.  

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

The charts below are for short term support and resistance. We also post them on the Daily charts for the long term levels.

LEAN HOGS

(HEZ23) 

This is the analysis we put out in this weeks Grain/Livestock update.

9/21/23

December has been caught between 61.8% retracements. The June high was just short of it at 78.55 (61.8%) and the 72.28 major Gann square, the setback from there held 61.8% back to the 5/26/23 low at 71.40 in August. The rally from it just hit 61.8% back to the contract high at 78.55.

Use 78.55 as the swing point for the week.

Above it, look for 78.6% back to the contract high at 81.60, this is also a major Gann square.

Below it, look for it to complete the 61.8% to 61.8% move at 71.65. On an extended move down, look for 78.6% back to the 5/26/23 low at 69.62, this is also a major Gann square.

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 futures you can become a Premium Member.

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