The following trades are hypothetical. Past results are not a
guaranty of future results
The weekly trend is DOWN for December live cattle on the electronic weekly chart
with the computer going short December live cattle the week of 8/24/18 at $111.725
with current stop at $115.75 (8/31/18).
down $3.15 at $111.85.
GANN WHEEL SUPPORT AND RESISTANCE:
Using the $115.875 high made Thursday 7/26/18 December live cattle have
support at:
$111.725 is the low made on 8/14/18.
Using the 5/17/18 low $107.15 December live cattle have resistance at:144 cl = $112.10; 180 cl = $113.90; 270 cl = $117.30; 360 cl = $120.65.
$110.65 and $80.20 are pivot numbers on the live cattle chart.
HARMONIC GANN WHEEL CYCLE ANALYSIS:
On the June cattle using the 11/17/17 high 121.525 the 90 degrees point in time
was due 2/6/18 (marked $118.70 high on 2/5/18). 144 degrees was due 4/2/18 and marks
the 4/4/18 low.
due 5/22/18 (MARKED 5/18/18 LOW $98.10).
Measured from the 8/21/17 low the 233 cattle harmonic was due 4/11/18 (NOTE:
CAN REVERT TO 228 AND MARK A CYCLE LOW WHICH IT DID, THE 228 MARKED 4/4/18 LOW
$97.625 ON THE AUGUST CATTLE CHART).
90 degrees in time from the 5/17/18 low was due 8/16/18.
From the 2/16/18 high the 233 cattle harmonic is due 10/7/18.A 84 day market cycle measured from the 5/17/18 low is due 9/17/18.
WEEKLY CYCLE ANALYSIS:
On the June weekly cattle chart the end of the cycle of 144 weeks was due
the week of 8/25/17 and marked a major cycle low at $104.60. The first
division point past the 144 week was due the week of 1/5/18 and marked a cycle
low at $110.275. The second division point past was due the ending week of 5/4/18 and
marked the 5/18/18 low $98.10.
low $102.70.
PLANETARY CYCLES:
On the June live cattle weekly planetary chart support is at Jupitercrossing at $112.40 (NOW BECOMES RESISTANCE).
Resistance for June cattle is at Pluto crossing at $121.00 (121.525 is the
November 2017 high).
There was a sell signal on the October cattle weekly charts for the week ending 8/24/18
if October live cattle broke and closed under the previous week's inner week low $107.65
and this sell signal was triggered with October settling Friday 8/24/18 at $107.20.
Continue to use our computer generated trades and our seminar
information for your hedging. Best of both worlds.
Written by David Gleason CTA and Nathan Gleason AP.
North American Ag
752 E. Greenbrier Place
Sioux Falls, SD 57108
This information is not to be construed as an offer to sell or a
solicitation 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