NORTH AMERICAN AG WEEKLY LIVE CATTLE UPDATE 4/24/17 

The following trades are hypothetical.  Past results are not a
guaranty of future results

TECHNICAL SUMMARY:

The weekly trend is UP for June live cattle on the electronic weekly chart
with the computer going long June live cattle the week of 2/24/17 at $106.65
with current generated stop at $108.675 (4/28/17).

Friday, April 21 2017 June live cattle on the weekly chart settled the
week up 2.05 at $116.75.

     GANN WHEEL SUPPORT AND RESISTANCE:
Using the $117.575 high made 4/21/17 June live cattle have support at:
45 cou $116.00; 90 cou = 114.20; 144 cou = $112.10;

Using the $103.15 tandem low made 2/13 and 2/14 June live cattle have
resistance at:
270 cl = $112.59; 360 cl 116.40; 450 cl = $119.80; 505 cl = $123.25.

June cattle rally high has been $117.57 made 4/21/17.
April cattle rally high has been $130.40 made 4/21/17.


HARMONIC GANN WHEEL CYCLE ANALYSIS:


Measured from the 2/13/17 low the death cycle began on 4/4/17 (marked
major low) and ended on 4/9/17 (accelerated).

WEEKLY CYCLE ANALYSIS:

On the August weekly cattle chart a double clue cycle was due the week ending
12/30/16. The clue cycle is due the week of 5/5/17.  The computer is long
August live cattle on the weekly at $102.975 with generated stop at $104.975.


PLANETARY CYCLES:

On the August live cattle weekly planetary chart resistance is at Jupiter
crossing at $112.00.

$113.70 is the current 2017 high made 4/21/17.

On the August live cattle chart support is at Uranus crossing the chart at $90.50.

August cattle are riding the Sun-Earth cycle upward and have since October 2016.

WEEKLY REVERSAL PATTERNS:

There is a sell signal on the weekly June cattle chart for the week ending 4/28/17
if June live cattle break and close under last week's inner week low $114.80.


HEDGE RECOMMENDATIONS:
  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

Phone 1-605-367-9278

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

 


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