Special Corn Update
Special Corn Update
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.
The second is Fibonacci retracements.
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.
Corn
December
From previous update,
It spent the week trading around the 502.00 (38.2%) swing point for the week, it had one close above it and it is currently trading back below it, this will again be the key level for the week. It is very important to the trend that it gets back above this level for a chance at a new high, a failure to get back above it after getting back below the long term 38.2% level at 532.00 would be a very negative sign. As always we will watch all the retracements on any rally to see just how strong, or weak the market is regardless of the longer term targets.
Use 502.00 as the swing point for the week again.
Below it, the short term trend turns negative and the short term target area is the 478.50 major Gann square and 61.8% back to the contract low at 473.00. The long....
After getting one close above 502.00 (38.2%) last week, it went right back below it, turning the short term trend negative along with the long term trend when it got back below the 38.2% level at 532.00 on the continuation chart on 9/23/26 (levels on the chart) Friday's report took the market down to the short term target area of the 478.50 major Gann square and 61.8% back to the contract low at 473.00, this will be the key level for the week now. We will be using the ONE44 61.8% rule to get the upside target from here.
Use 473.00 as the swing point for the week.
Above it, the longer term target on a rally from here is 61.8% the other way 519.00 per the ONE44 61.8% rule. The long term target is …
Below it, the short term target area is 78.6% back to the contract low at 453.00 and the 443.50 major Gann square. The long term target area is …
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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.
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