NORTH AMERICAN AG WEEKLY CORN UPDATE 10/31/16 

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

TECHNICAL SUMMARY:

The weekly trend is UP with the computer going long December corn the week ending
10/7/16 at $3.44 1/4 with current generated stop at $3.36 1/2 (11/4/16).

Friday, October 28, 2016 December corn on the weekly chart settled the week
up 3 cent at $3.55 1/4.

HARMONIC GANN WHEEL SUPPORT AND RESISTANCE:
Support for December corn measuring from the $4.49 high posted 6/15/16.
540 cou = $3.32;  585 cou = $3.13 3/4.

$3.14 3/4 is the current low posted on 8/31/16.

Resistance for December corn measuring from the 3.14 3/4 low posted 8.31/16:
216 cl is $3.57 1/2; 270 cl = $3.69 1/2; 315 cl = $3.78; 360 cl = $3.89 1/2.

$3.59 1/4 is the high posted on 10/20/16.

HARMONIC GANN WHEEL CYCLE ANALYSIS:

90 degrees in time measured from the $4.49 cycle high made 6/17/16 was due 9/17/16
and 144 degrees in time is due 11/12/16.

Measured from the August 31st low $3.25 on the daily March corn chart 90 degrees
in time is due 12/1/16.

WEEKLY CYCLE ANALYSIS:

Using the December corn weekly chart and startng a cycle of 144 weeks from the
10/3/14 low $3.18 1/4 a minor red was due 6/24/16 and came in a week early
and marked the 2016 high at $4.49. A minor green cycle was due the week ending
8/5/16.  The double clue cycle was due 10/28/16.

PLANETARY CYCLES:

Support is at Neptune crossing at $3.07.

Resistance is at Uranus crossing at $3.42 1/2 and Jupiter crossing at $4.80.

WEEKLY REVERSAL PATTERNS:

There is a sell signal on the weekly March corn chart for the
week ending 11/4/16 if March corn breaks and closes under last week's
inner week low $3.56.

HEDGE RECOMMENDATIONS:

Continue to use our computer generated stops 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.ÿ 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

 

 

 
 

Next Page