NORTH AMERICAN AG WEEKLY CORN UPDATE 1/21/19

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 March corn the week ending
10/12/18 at $3.81 1/4 with current generated stop at $3.66 3/4 (1/25/19).

Friday, January 18, 2019 March corn on the weekly chart settled the week
up 1 3/4 cents at $3.80 3/4.

HARMONIC GANN WHEEL SUPPORT AND RESISTANCE:

Support for March corn measuring from the $4.37 high made 5/29/18:

360 cou = $3.57 1/2; 405 = $3.49 1/2; 450 cou = $3.39; 720 cou = $2.86.

$3.54 3/4 is the low made 9/19/18 by the March contract.
$3.42 1/2 is the low made 9/19/18 BY THE DECEMBER CONTRACT.


Resistance on the lead month chart using the 9/18/18 low made by Dec $3.42 12:

144 cl = $3.87; 216 cl = $3.04; 270 cl = $4.14; 315 cl = $4.25 1/2; 360 cl = $4.34.

$3.87 3/4 is the current rally high on the daily corn chart made by March corn on
12/12/18.

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

HARMONIC GANN WHEEL CYCLE ANALYSIS:

144 degrees in time from the 9/18/18 is due 2/1/19.

WEEKLY CYCLE ANALYSIS:

On the March corn weekly chart and starting a cycle of 144 weeks from the
9/2/16 low $3.25 the double clue cycle was due the week ending 9/28/18 and
marked the week of 9/21/18 as a major low.

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 cycle of 328 a minor red cycle was due 9/21/18 and marked a low at $3.54 3/4
A minor green cycle was due the week of 12/14/18 (marked high close on March chart
at $3.87 3/4.

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 buy signal on the weekly December corn chart for the week ending 10/12/18
if December corn broke and closed over the previous week's inner week high $3.69 1/2
and this buy signal was triggred with December corn settling Friday 10/12/18 at $3.72 1/4.

There is a sell signal on the weekly March corn chart for the week ending 1/25/19 if
March corn breaks and settles under last week's inner week low $3.71.


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.

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