NORTH AMERICAN AG WEEKLY CORN UPDATE 9/21/20

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 on the
weekly chart the week ending 8/14/20 at $3.40 1/4 with current generated stop at
at $3.51 (9/25/20).

Friday, September 18, 2020 December corn on the weekly chart settled the week
up 8 3/4 cents at $3.78 1/4.

The weekly trend is UP with the computer going long March corn on the
weekly chart the week ending 8/14/20 at $3.50 with current generated stop at
$3.60 3/4 (9/25/20).

Friday, September 18, 2020 March corn on the weekly chart settled the week
up 8 3/4 cents at $3.87 3/4.


HARMONIC GANN WHEEL SUPPORT AND RESISTANCE:

July corn posted a cycle low on $3.09 on 4/21/20.
144 cl = $3.36 1/2; 216 cl = $3.51 1/2; 270 cl = $3.63 1/2; 360 cl = $3.83.
720 + 180 cl = $5.09 1/2.

$3.22 is the low made on 6/29/20 by the December 2020 contract and $3.20 is
the low made 8/3/20.

On the December corn continuation chart using the $3.22 low made 6/26/20:
144 cl = 3.51 1/2; 180 cl = 3.58; 216 cl = 3.67; 270 cl = $3.77;
360 cl = $3.97 1/2, 450 cl = $4.17 1/2.

$3.79 1/4 is high made on 9/18/20.

HARMONIC GANN WHEEL CYCLE ANALYSIS:

On the December corn chart using the 8/12/20 low $3.20 the death cycle
starts on 9/27/20 and ends on 10/6/20.  90 degrees in time is due 11/12/20.

WEEKLY CYCLE ANALYSIS:

Starting a 144 week cycle from the 5/17/19 low $3.43 on the May corn chart
the second division point was due the week of 1/24/20 and marks a high at
$3.98 3/4 the week of 1/24/20.

Starting a cycle of 144 weeks from the 12/1/17 low $3.35 1/2 the the cycle of
144 weeks ended the week of 9/4/20 (possible the 144 ended 3 weeks early and
marked the $3.20 cycle low).

On the March weekly corn chart starting a cycle of 328 weeks from the 10/3/14 the
end of the 328 is due 1/15/21.

PLANETARY CYCLES:
On the March weekly corn chart support is at the lower Jupiter crossing the chart
at $3.60.

On the March weekly corn planetary chart resistance ia at Jupiter crossing at
$4.88 and Pluto crossing at $5.06.


WEEKLY REVERSAL PATTERNS:

There was a buy signal on the weekly December corn chart for the week ending
8/14/20 if December corn broke and closed over the previous week's inner week high
$3.29 and this buy signal was triggered with December corn settling Friday 8/14/20
at $3.37 3/4.

There was a buy signal on the weekly December corn chart for the week ending 9/11/20
if December corn broke and settled over last week's inner week high $3.46 1/4 and
this buy signal was triggered with December corn settling Friday 9/11/20 at
$3.69 1/2.

There is a buy signal on the weekly December corn chart for the week ending 9/18/20
if December corn breaks and settles over last week's inner week high $3.69 1/2 (this
buy signal was triggered with December corn settling Friday 9/18/20 at $3.78 1/4).

There is a sell signal on the weekly December corn chart for the week ending 9/25/20
if December corn breaks and settles under last week's inner week low $3.61 3/4.
HEDGE RECOMMENDATIONS:

Continue to use our computer generated stops and our seminar information for your
hedging. Best of both worlds!

The planetary cycle of Pluto crosses the July monthly continuation chart
at $4.12 and Neptune crosses at $4.92. NOTE: The January 2018 seminar recommended making
some sales when July corn reached $4.12. $4.12 1/4 was the 2018 high made the week of
5/25/18.

Recommendation was made on 5/27/19: $4.32 give or take two cents is the first point
we can sell at. Also this is the point we cover the cost of production.

Recommendation was made on 5/27/19: $4.56 give or take two cents is the second point
we will sell at. Also this is the the first point to make 15% of new crop sales.
$4.73 is the 2019 high so far made on 6/17/19.

On 7/13/20 - $3.90 or better is new recommendation to make December 2020 corn sales
to cover the cost of 2020 corn prodution - $3.94 is the target.

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

 

 

 

 

 

 

 

 

 
 

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