The following trades are hypothetical. Past results are not a
guaranty of future results
The weekly trend is UP for December live cattle on the electronic weekly chart
with the computer going long December live cattle the week of 10/11/19 at $111.35
with current stop at $109.20 (10/25/19).
up $1.225 at $113.375.
GANN WHEEL SUPPORT AND RESISTANCE:
Using the 9/9/19 low $98.20 December cattle have resistance at:
270 cl = 107.80; 360 cl = 111.10; 405 cl = 113.12; 450 cl = $114.55.
Using the $114.425 high December cattle have support at:
45 cou $12.95; 90 cou = $111.10; 144 cou = $109.20.$80.00 and $96.00 and and $110.65 and $112.50 are pivot points.
HARMONIC GANN WHEEL CYCLE ANALYSIS:
On the December cattle chart measured from the 4/17/19 cycle high $123.975
144 degrees in time was due 9/9/19 and it marks a cycle low at $98.20.
Using the 4/19/19 high 180 degrees in time was due 10/17/19 and marked the
10/17/19 high $114.425.
WEEKLY CYCLE ANALYSIS:
On the December cattle chart a cycle of 144 measured from 10/14/16 cycle low
$96.10 was due the week of 7/19/19 and marked high at $114.925. The first
division point past the 144 week is due the week of 11/22/19.
On the December live cattle chart support at Uranus crossing at $93.80 with
further support at Neptune crossing at $88.30 and Pluto crossing at $81.30.
On the December live cattle chart planetary resistance is at Mars crossing
at $112.50 the week of 10/18/19.
There is a sell signal on the weekly December live cattle chart for
the week ending 10/25/19 if December cattle break and close under last week's
inner week low 112.10.
HEDGE RECOMMENDATIONS:
Continue to use our computer generated trades and our seminar
information for your hedging. Best of both worlds.
North American Ag
752 E. Greenbrier Place
Sioux Falls, SD 57108
Phone 1-605-367-9278
This information is not to be construed as an offer to sell or asolicitation or an offer to buy the commodities herein named. The
factual information of this report has been obtained from sources
believed to be reliable, but is not guaranteed as to the accuracy,
and is not to be construed as representation by North American
Agricultural Services.
** The North American Ag Report includes information to from sources
and technical analysis believed to be reliable and accurate as of the
date of this letter, but no independent verification has been made
and the letter is not guaranteed to its accuracy or completeness.
Opinions are subject to change without notice. This report should not
be constructed as a request to engage in any transaction involving
the purchase or sale of a future contract and/or commodity options.
The risk of lost in trading futures contracts or commodity options
can be substantial, and investors should carefully consider the
inherent risks of such an investment in light of their financial
conditions. Only those in the proper financial condition and who are
willing to assume responsibility for the risks involved should
attempt futures trading. Any reproduction or re transmission of this
report without the express written consent of CTA Dave Gleason is
strictly prohibited.
NOTE: I am the adviser you are the decision maker. I have obligation
to give you my opinion because you purchased my report; you are
responsible for your decision whether to except my opinion and act on
it or not. DG