NORTH AMERICAN AG WEEKLY LIVE CATTLE UPDATE 10/12/20

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

TECHNICAL SUMMARY:

The weekly trend is DOWN for October live cattle on the electronic weekly chart
with the computer going short October live cattle the week of 9/4/20 at $103.65
with current stop at $111.15 (10/16/20).

Friday, October 9, 2020 October live cattle on the weekly chart settled the week
up $1.95 at $110.15.

The weekly trend is DOWN for December live cattle on the electronic weekly chart
with the computer going short December cattle the week of 9/4/20 at $107.85
with current stop at $114.025 (10/16/20).

Friday, October 9, 2020 December live cattle on the weekly chart settled the week
up $1.675 at $112.90.

     GANN WHEEL SUPPORT AND RESISTANCE:

Using the 4/3/20 low $84.875 October cattle have resistance at:
360 + 180 cl = $103.30; 360 + 270 cl =$106.45; 720 cl = $109.70;
720 + 90 cl = $113.15; 720 + 180 cl = $116.60.

So far October cattle reached $111.15 on 8/17/20.

Using the $111.15 high made on 8/17/20 October have support at:
45 cou = $109.60; 90 cou = $107.70; 144 cou = $106.05; 216 cou = $103.60.

$103.375 is the low posted on 9/2/20.

$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 (if it comes in on 228 then it
will be 4/24/20 and it could have came in on Friday 4/24/20 because April
made new yearly low at $81.45 and at the same time June cattle tested the
pivot $80.20 posting a low at $80.30. The midpoint in time of the 233 was
due 1/4/19 and was a cycle high. 

Measured from the 1/10/20 high close on the Decembe cattle chart a 233 cattle
harmonic cycle was due 9/1/20 (if it was a 228 then the cycle ended Friday
8/28/20).  The midpoint in price to the cycle of 228 is $108.10 and the low tick
since the high $114.025 made 8/19/20 is $107.25 made 9/2/20.

Using the 4/3/20 low $89.50 the 233 cattle harmonic is due 11/23/20 (if a 228
then it ends on 11/18/20).

Using the 4/3/20 low a harmonic cycle of 180 is due 10/3/20 though unsure if
it will mark anything.


WEEKLY CYCLE ANALYSIS:
On the June weekly cattle starting a 36 week cycle from the 9/9/19
cycle low $102.97 the first division point (week 18) marked a cycle high the
week of 1/17/20.  The second division point (week 36) was due the week of 5/22/20
and it marked the low.

On the December cattle a minor green cycle was due the week of 6/19/20 and a
minor red was due the week of 7/31/20.

The second midpoint in time on the weekly December cattle chart is due the week
of 12/4/20.

PLANETARY CYCLES:
On the December live cattle chart support is at Uranus crossing at $98.52 and
Neptune crossing at $92.25.

On the December cattle chart planetary resistance is at Jupiter crossing
at $131.60.


WEEKLY REVERSAL PATTERNS:
There is a buy signal on the weekly December live cattle chart for the ending 10/16/20
if December live cattle break and close above last week's inner week high
$113.30.

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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