NORTH AMERICAN AG WEEKLY FEEDER CATTLE UPDATE 10/4/21
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 on the weekly chart the week of
9/3/21 at $164.875 with the current trend generated stop at $160.825 (10/8/21).
Friday, October 1, 2021 November feeder cattle on the weekly chart settled the week
down $5.55 at $152.825.
The weekly trend is DOWN on the January electronic feeder cattle chart with
the computer going short January feeder cattle on the weekly chart the week of
9/10/21 at $164.325 with the current trend generated stop at $161.20 (10/8/21).
Friday, October 1, 2021 January feeder cattle on the weekly chart settled the week
down $5.525 at $153.825.
HARMONIC GANN WHEEL SUPPORT AND RESISTANCE:
Using the $172.00 high made by the January feeder cattle contract on 8/24/21:
270 cou = $159.80; 360 cou = $158.80; 450 cou = $151.85.
$148.00 is the low made 5/6/21 by the January feeder cattle contract
Using the $148.00 low made 5/6/21 on the January feeder cattle contract:
360 cl = $163.80; 450 cl = $167.80.
$172.00 is the current high.
HARMONIC GANN ANALYSIS:
On the November daily feeder cattle chart using the 5/6/21 low $147.725 90 degrees in
time was due 8/6/21.
WEEKLY CYCLE ANALYSIS:
On the January feeder cattle weekly chart a minor green cycle was due the
week of 7/9/21 and a minor red was due the week of 8/20/21. The midpoint in
time is due the week of 12/24/21.
On the January feeder cattle weekly chart planetary resistance is at Pluto crossing at
WEEKLY BUY AND SELL SIGNALS:
There is neither a buy or a sell signal on the weekly January feeder cattle chart for the week
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
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
** 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
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