Corn

(ZCK25) (ZCN25) 

Nearby contract

The chart is key to this analysis.

From our last update,

The rally from 450.00 (78.6%) hit the short term target of 489.00, with this being a 61.8% retracement, this will be the key level for the next week and we will be looking for a move back to 61.8% the other way based on the ONE44 61.8% rule. We will be watching all the retracements on any setback to see if the short term trend remains positive and the idea of a summer rally possible. 
 

Use 489.00 as the swing point for the week.

Below it, look for it to go 61.8% back to the 3/28/25 low at 460.00 based on the ONE44 61.8% rule. The longer term target is.....

Per the ONE44 61.8% rule,

Short version,

Whenever the market holds 61.8% of a move, look for it to go 61.8% of where it just came from. This usually happens when a market is directionless, or in a consolidation period.

As you can see on the chart on 4/11/25 it hit 61.8% at 489.00, using the rule above the target was 61.8% the other way and this was 460.00 and that was completed on 4/29/25. Using the same 61.8% rule, we will now be looking for 61.8% back up at 480.00. Also on the chart the 2/19/25 high hit 61.8% at 512.00 and that sent to 61.8% the other way on 3/4/25 at 454.00.

Use 460.00 as the swing point for the week.

Above it, the short term target is 61.8% at 480.00 and the long term target is the 504.75 major Gann square.

Below it, look for 78.6% at 453.00, a failure to turn up from here can send it to 78.6% of the 8/26/24 low and 2/19/25 high at 437.00.

We have done 46 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.

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