NORTH AMERICAN AG WEEKLY LIVE CATTLE UPDATE 3/8/21
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 2/26/21 at $121.25
with current stop at $126.70 (3/12/21).
down $.825 at $119.00.
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 3/5/20 at $117.05
with current stop at $122.40 (3/12/21).
down $.225 at $117.95.
GANN WHEEL SUPPORT AND RESISTANCE:Using the $122.40 high made on 2/16/21 June cattle have support at:
45 cou = 120.75; 90 cou = 119.00; 144 cou = $117.10; 180 cou = $115.70.
Using the $103.10 low maade 10/26/20 June cattle have resistance at:
360 cl = $116.35; 450 cl = $119.70; 720 cl = $130.35.
HARMONIC GANN WHEEL CYCLE ANALYSIS:On the June live cattle chart using the 10/26/20 low $103.10 the 233 cattle
harmonic is due 6/16/21 (if a 228 then it ends on 6/11/21)
WEEKLY CYCLE ANALYSIS:
red cycle is due 4/16/21. The midpoint in time is due 8/20/21.
On the June live cattle weekly chart support is at Uranus crossing at $103.10 and
Neptune at $96.10.
Planetary resistance on the June weekly cattle chart is Pluto crossing at $138.50.WEEKLY REVERSAL PATTERNS:
There was a buy signal on the weekly June live cattle chart for the week ending 2/12/21
if June live cattle broke and closed over the previous week's inner week high $120.35
and this buy signal was triggered with June live cattle setting Friday 2/12/21 at
3/12/21 if June live cattle break and close under last week's inner week low $116.425.
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 1-605-367-9278This 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
** 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