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
8/28/20 at $141.175 with the current trend generated stop at $148.375 (9/25/20).
Friday, September 18, 2020 November feeder cattle on the weekly chart settled the week
up $1.00 at $142.425.
the computer going short March feeder cattle on the weekly chart the week of
8/28/20 at $139.575 with the current trend generated stop at $145.10 (9/25/20).
Friday, September 18, 2020 March feeder cattle on the weekly chart settled the week
up $2.40 at $140.15.
Using the $150.35 high made by the November feeder cattle contract on 8/12/20:
270 cou = $139.00; 360 cou = $135.25. 450 cou = 111.70;
Using the $138.525 low on the November feeder cattle contract:
45 cl = $140.25; 90 cl = $142.45; 144 cl = $144.65; 180 cl = $146.20.
HARMONIC GANN WHEEL CYCLE ANALYSIS:On the August feeder cattle chart measured from the 1/10/20 high $156.50 the
144 harmonic cycle ended on 6/2/20.
On the August feeder cattle chart using the 4/6/20 cycle low $110.025 the
144 harmonic cycle is due 8/30/20. The midpoint in time was due 6/17/20.
The mipoint in price is $128.00 and target $146.00 (August cattle reached
$146.40 on 8/12/20.
harmonic is due 11/25/20.
WEEKLY CYCLE ANALYSIS:
division point past the end of the cycle of 144 weeks was due the week of 11/22/19
and marked a cycle low at $145.90. The second division point past was the week of
4/3/20 (it marked a cycle low close).
On the November weekly feeder cattle chart a minor green cycle ended the week of
6/19/20 and marked a cycle low at $131.60 and a minor red cycle was due the week
of 8/7/20 and marked a cycle high (the high tick was made on 8/12/20 at $150.35).
On the November feeder cattle weekly chart support is at Uranus crossing at
$135.40 and Neptune crossing at $129.37.
There was a sell signal on the November feeder cattle weekly chart for the week ending
8/28/20 if November feeders break and close under last week's inner week low
$144.975 and this sell signal was triggered with November feeders settling Friday
8/28/20 at $140.45.
9/18/20 if November feeder cattle break and close under last week's inner week
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