The following trades are hypothetical. Past results are not a
guaranty of future results
The weekly trend is DOWN for April live cattle on the electronic weekly chart
with the computer going short April live cattle the week of 1/24/20 at $123.525
with current stop at $128.15 (2/7/20).
down 4.625 at $119.675.
The weekly trend is DOWN for June live cattle on the electronic weekly chart
with the computer going short June live cattle the week of 1/24/20 at $117.425
with current stop at $119.80 (2/7/20).
down 4.275 at $111.725.
GANN WHEEL SUPPORT AND RESISTANCE:
Using the 1/30/19 low $119.25 April cattle have resistance at:
45 cl = $120.85; 90 cl = $122.70; 144 cl = $124.70.
Using the $128.55 high April cattle have support at:
216 cou $120.25; 270 cou = $118.00; 360 cou = $114.60.
$80.00 and $96.00 and and $110.65 and $112.55 are pivot points.
HARMONIC GANN WHEEL CYCLE ANALYSIS:
On the April cattle chart measured from the 9/9/19 low $109.375 the
233 cattle harmonic ends on April 29th. The midpoint in time of the 233
was due 1/4/19. The midpoint in price is $123.90 and target $138.50.
a cycle low at $124.45 on the April cattle chart. It would be bearish if this
cycle low is broken and closed under.
WEEKLY CYCLE ANALYSIS:
On the June weekly cattle chart a cycle starting a 36 week cycle from the 9/9/19
cycle low $102.97 the first division point marked a cycle high the week of
1/17/20. The second division point is due the week of 5/22/20.
On the June live cattle chart support at Uranus crossing at $98.35.
On the June live cattle chart planetary resistance is at Mars crossing
at $122.00.
There was a sell signal on the weekly April live cattle chart for the week ending
1/3/20 if April live cattle broke and closed under the previous week's inner week low
$125.825 and they barely did it settling Friday 1/3/20 at $125.775.
There was a sell signal on the weekly April cattle chart for the week ending 1/24/20
if April cattle broke and closed under the previous week's inner week low $125.275.
and they did settle Friday 1/24/20 at $124.30.
if April cattle broke and closed under the previous week's inner week low $123.35
and this sell signal was triggered with April cattle settling Friday 1/31/20 at
$119.675.
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