NORTH AMERICAN AG WEEKLY CORN UPDATE 10/4/21
The following trades are hypothetical. Past results are not a
guaranty of future results
The weekly trend is DOWN with the computer going short December 2021 corn on the
weekly chart the week ending 5/28/21 at $5.13 with current generated stop at
$6.00 3/4 (10/8/21).
up 16 1/2 cents at $5.42.
HARMONIC GANN WHEEL SUPPORT AND RESISTANCE:$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:
3 times around the wheel or 1080 cl = $5.73; 4 times around the wheel from $3.22 is $6.73.
Using the $6.38 high: 90 cou = $6.13; 144 cou = $5.98; 180 cou = 5.89; 216 cou = $5.81;
360 cou = $5.41; 450 cou = $4.78.
HARMONIC GANN WHEEL CYCLE ANALYSIS:The 84 day cycle measured from the 8/7/20 low was due Friday 12/4/20 and
the low was marked on Wednesday 12/2/20 at $4.14 1/2. 90 DEGREES FROM THE
12/2/20 low was due 3/2/21. 144 degrees was due 4/27/21 (on July corn chart
marked low at $6.29 1/2). 180 degrees was due 6/2/21. 270 degrees was due
WEEKLY CYCLE ANALYSIS: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). The first division point past the 144 was due the
week of 1/8/21. The second division point was due 5/14/21 (came a week early and
marked 2021 high $6.38).
On the March weekly corn chart starting a cycle of 328 weeks from the 10/3/14 the
end of the 328 was due 1/15/21. The first division point past is due 10/29/21.
red cycle was due the week of 9/17/21 (possible it came in on 9/10/21 and
marked the harvest low $4.97 1/2).
On the December weekly corn chart support is at the lower Uranus crossing the chart
$6.36 ($6.38 is the contract high posted 5/7/21).
WEEKLY REVERSAL PATTERNS:
December corn broke and closed under the previous week's inner week low $5.93 and this sell
signal was triggered.
There is neither a buy or a sell signal on the weekly December corn chart for the week
Continue to use our computer generated stops and our seminar information for your
hedging. Best of both worlds!
using $4.85 or better (bring total sales of old crop corn up to 70%).
Recommended on 2/27/21 Willing to sell 33% of 2021 new crop corn production at
Written by David Gleason CTA and Nathan Gleason AP.
North American Ag
752 E. Greenbrier Place
Sioux Falls, SD 57108
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
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
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