The following trades are hypothetical. Past results are not a
guaranty of future results
The weekly trend is UP with the computer going long July corn on the
weekly chart the week ending 7/3/20 at $3.34 3/4 with current generated stop at
down 1 1/2 cents at $5.35.
The weekly trend is UP with the computer going long December 2021 corn on the
weekly chart the week ending 7/20/20 at $3.77 3/4 with current generated stop at
up 11 cents at $4.82.
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:
720 cl = $4.79; 720 + 180 cl = 5.23. Add another 90 cl = 5.61 1/2.
$5.23 add another 144 cl = $5.74. $5.76 is pivot.
On the March 2021 corn chart $5.74 1/4 is the high made 2/9/21.
Using the %5.74 1/4 high made 2/9/21 March corn has wheel support at:
90 cou = $5.50; 144 cou = $5.37 1/2; 180 cou = $5.26 1/2; 216 cou = $5.18.
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 IS DUE 3/2/21.
was due 2/6/2 (high tick $5.74 1/4 made on Tuesday 2/9/21).
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.
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.
On the December weekly corn chart support is at the lower Uranus crossing the chart
On the December weekly corn planetary chart resistance ia at Pluto crossing at
WEEKLY REVERSAL PATTERNS:
There is a sell signal on the December weekly corn chart for the week ending 3/12/21 if
December corn breaks and closes under last week's inner week low $4.63 3/4.
Continue to use our computer generated stops and our seminar information for your
hedging. Best of both worlds!
corn sales to cover the cost of 2020 corn prodution - $3.94 is the target.
Recommend on 1/2/21 - make some corn sales at $4.85 or better in the May contrac
using $4.85 or better (bring total sales of old crop corn up to 70%).
$4.80 or better $4.87 is target (December corn reached $4.82 1/4 on 3/5/21).
Written by David Gleason CTA and Nathan Gleason AP.
752 E. Greenbrier Place
Sioux Falls, SD 57108
Phone 1-605-367-9278This 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
** 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
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