The following trades are hypothetical. Past results are not a
guaranty of future results
The weekly trend is DOWN on the November electronic feeder cattle chart with
the computer going short November feeder cattle the week of 6/16/17 at $142.85
with the current trend generated stop at 150.425 (8/18/17).
down $7.25 settling at $141.40.
HARMONIC GANN WHEEL SUPPORT AND RESISTANCE:
Support for November feeders using the $157.225 high made 5/4/17.
360 cou = $141.75; 405 cou = $139.50; 450 cou $138.00.
Resistance for November feeder cattle using the $139.325 low made 8/10/17:
45 cl = $141.55; 90 cl = $143.15; 144 cl $145.70; 180 cl = $146.90;
270 cl = $150.75.
WEEKLY CYCLE ANALYSIS:
On the August feeder cattle weekly chart starting a cycle of 144 weeks from
the October 10, 2014 high the double clue cycle came in two weeks early and
marked the 10/21/16 low 109.90. The clue cycle was due the week of 3/10/17
and marks cycle low at $120.72 week ending 3/3/17.
of 144 weeks was due 7/7/17 (the low at $141.20 was made that week or
week 72. On week 74 a high was made at $155.57.
Keep alert of the computer generated trades it will pick up what the big cats
are really doing in the market.
On the weekly January feeder cattle chart the planetary cycle of Jupiter
crosses the chart at $141.80 is current support.
at $155.00 and Pluto crossing at $162.00.
WEEKLY BUY AND SELL SIGNALS:
for the week ending 8/18/17 if November feeders break and close above
last week's inner week high $148.40.
HEDGE RECOMMENDATIONS:Continue to use our computer generated trades and our seminar information for
your hedging. Best of both worlds!
Written by David Gleason CTA and Nathan Gleason AP.North American Ag
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