Cattle Key Levels, 38.2% & 78.6% Fibonacci Retracements
Cattle Key Levels, 38.2% & 78.6% Fibonacci Retracements
In this update we want to show the importance of the 38.2% and 78.6% Fibonacci retracements.
The 38.2% retracement keeps any trend intact and the 78.6% retracement is where a lot of Bull runs start and end.
As the Bull run happened in Cattle the market held 38.2% on 3/9/26 and then on 5/22/26 and 6/4/26. The end of the Bull market was set up by the failure to make a new high in the area of a 78.6% retracement on 6/22/26.
This is what we put out in the 6/18/26 Weekly Grain/Livestock update,
The market held the 240.80 major Gann square and swing point for the week. It hit the short term target area of 78.6% at 247.65 and the 248.40 major Gann square, it had a couple minor closes above it, but failed to make a new high and today closed below 78.6% at 247.65 and this will be the key level for the week. A failure to make a new high in the area of a 78.6% retracement can be the end of the rally for now per the ONE44 78.6% rule.
Use 247.65 as the swing point for the week.
Above it, a failure to turn lower from this area gives us only major Gann squares to look for resistance and then use as the swing point when closed above, the next two are 257.07 and 265.40.
Below it, the short term target is 78.6% of where it just came from at 237.50, this is the first target following the ONE44 78.6% rule. The longer term target is 38.2% of the contract high and low at 231.25, this is the long term swing point.
As you can clearly see on the chart below the 78.6% retracement on 6/22/26 ended the Bull run and it sold off over $20 very quickly.
After the break the two attempts to rally both stopped at a 38.2% retracement keeping the trend negative on 8/6/26 and 9/14/26. We do this exact analysis on Soybeans, Meal & Oil, Corn, Wheat, Live Cattle, Feeder Cattle and Lean Hogs. With our subscription you get all these levels well ahead of time and what to look for from them. Sign up here!
This is the Analysis for Cattle for this week,
Livestock
Cattle
December
From last week,
The low since the last update was just shy of the 78.6% short term target at 214.10, however the rally from it is still below the long term swing point of 38.2% at 224.50 and this will again be the key level for the week, failing to get above it keeps the trend negative and a new low possible. All of the Above/Below targets remain the same.
Use 224.50 as the swing point for the week again.
The market had a small range for the week and didn't make a new high, or low to change any of the retracements so all the Above/Below targets remain the same.
Use 224.50 as the swing point for the week again.
Above it, the trend turns positive and the short term target area is 61.8% at 232.80 and the 233.75 major Gann square. The long term target area is 78.6% at 238.60 and the 239.52 major Gann square.
Below it, the short term target is 78.6% back to the 8/26/26 low at 214.10, a failure to make a new low in this area can be the start of the next bull move per the ONE44 78.6% rule. The longer term target is 78.6% of the contract high and low at 206.95. The long term target is 38.2% on the continuation chart at 188.00. Before then there are major Gann squares to look for support and then use as the swing point when closed below at 204.32, 199.37 and 189.50.
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