Lean Hogs Hold Key Support
Lean Hogs
August
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.
The incredible rally that started with the 87.55 major Gann square ended at a 78.6% retracement on the continuation chart at 113.20. In between this run the market attempted to setback two times, once on 5/1/25 and then on 5/27/25, both of these lows held a 23.6% retracement, following the ONE44 23.6% Fibonacci rules we know that any market that only sets back this far is in a run away market that eventually was stopped by the 78.6% retracement on 6/17/25.
It is now sitting on a 38.2% retracement of the 4/9/25 low and 6/17/25 high at 103.00. Following the ONE44 38.2% rule we know this is the level that needs to hold to keep the short term trend positive.
This is our latest update for our Premium Members from 7/10/25
Lean Hogs
August
From last week,
The break from 78.6% on the continuation chart at 113.25 (swing point) has now hit the short term target of 23.6% back to the 4/9/25 low at 107.00 and this will be the key level for next week.
Use 107.00 as the swing point for the week.
With a very small range for the week all the Above/Below will be the same for this week.
Use 107.00 as the swing point for the week again.
Above it, the short term target is 78.6% back to the 6/17/25 high at 111.80, a failure to make a new high in this area can be the first sign of a trend change and be the end of the Bull run for now, per the ONE44 78.6% rule. With now turn lower from here there are only major Gann squares to look for resistance and then use as the swing point when closed above, the next two are 115.16 and 120.27.
Below it, the short term target is 38.2% back to the 4/9/25 low at 103.00, failing to hold this turns the short term trend negative. The long term target is 61.8% of the same move at 96.30, 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/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.
Sign up for our Free newsletter here.
FULL RISK DISCLOSURE: Futures trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Commission Rule 4.41(b)(1)(I) hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. Past performance is not necessarily indicative of future results.