NORTH AMERICAN AG WEEKLY CORN UPDATE 8/27/18

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
8/3/18 at $3.83 3/4 with current generated stop at $3.50 1/4 (8/31/18).

Friday, August 24, 2018 December corn on the weekly chart settled the week
down 16 cents at $3.63.

HARMONIC GANN WHEEL SUPPORT AND RESISTANCE:

Support for December corn measuring from the $4.29 1/2 high made 5/24/18:

270 cou = $3.70; 315 cou = $3.59; 360 cou = $3.50 1/2.

$3.50 1/4 is the low made 7/12/18.


Resistance for December corn measuring from the 7/12/18 low $3.50 1/4:

144 cl = $3.80; 180 cl = $3.90; 216 cl = $3.97; 270 cl = $4.10

$3.88 1/2 is the current rally high made on 7/31/18.


$360.00 and $5.76 are pivot numbers on all corn charts.

HARMONIC GANN WHEEL CYCLE ANALYSIS:

On the December corn chart using the 1/12/18 low close 180 degrees in time
is due 7/13/18 (marked the 7/12/18 low $3.50 1/4).

90 degrees from the 5/24/18 high $4.29 1/2 was due on 8/24/18. There is now
a tandem bottom at $3.60 1/2 made on 8/23/18 and 8/24/18 and the question is
will it hold?

WEEKLY CYCLE ANALYSIS:

On the March corn weekly chart and starting a cycle of 144 weeks from the
10/3/14 low $3.30 1/2.  The clue was due the week of 3/17/17 and marked the
$3.53 low. The end of the 144 week was due the week of 7/7/17 and marks the
7/11/17 high $4.26. The first division point past the 144 week was due the
week of 11/10/17. The second division point was due the week of 3/23/18 and
marks the 3/23/18 low $3.91 1/2.


Starting a 328 week corn cycle from the 6/27/8 cycle high $8.16 the midpoint
in time was due the week of 9/2/11 and marked a major cycle high at $7.89. 
The end of the 328 week cycle was due the week of 10/4/14 and it marked a major
low at $3.30 1/2. The end of the second midpoint in time was due the week of
12/1/17 and marked a major cycle low the week of 1/12/18 (went sideways to low).

On the March corn weekly chart a minor red cycle was due the week of 6/1/18 and
(marked 2018 high) and a minor green was due the week of 7/13/18 (marked the 7/12/18
low $3.50 1/4).

PLANETARY CYCLES:

On the March weekly corn chart Jupiter crosses the chart at $3.60 and is support.

Resistance is Pluto crossing at $4.01 1/2 and at Neptune crossing at $4.37.

WEEKLY REVERSAL PATTERNS:

There was a sell signal on the weekly December corn chart for the week ending 8/10/18
if December corn broke and closed Friday 8/10/18 below the previous week's inner week low
$3.77 1/2 and this sell signal was triggered (settled 8/10/18 at $3/71 1/4).

There was a sell signal for the week ending 8/24/18 if December corn broke and closed
under the previous week's inner week low $3.66 and this sell signal was triggered
with December settling at $3.63 the week ending 8/24/18.


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.

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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