NORTH AMERICAN AG WEEKLY FEEDER CATTLE UPDATE 1/18/21
The following trades are hypothetical. Past results are not a
guaranty of future results
The weekly trend is DOWN on the March electronic feeder cattle chart with
the computer going short March feeder cattle on the weekly chart the week of
1/15/21 at $137.25 with the current trend generated stop at $143.70 (1/22/21).
Friday, January 15, 2021 March feeder cattle on the weekly chart settled the week
down $1.50 at $135.70.
HARMONIC GANN WHEEL SUPPORT AND RESISTANCE:
Using the $145.30 high made by the March feeder cattle contract on 8/14/20:
360 cou = $130.45; 450 cou = 126.85; 360 + 180 cou = $123.25.
$124.025 is the low made 10/20/20 by the March feeder cattle contract
Using the $124.025 low made 10/20/20 on the March feeder cattle contract:
360 cl = $138.85; 450 cl = $142.65; 180 + 360 cl = $146.50.
$146.40 is the high made 8/12/20 by the August 2020 feeder cattle contract.
HARMONIC GANN WHEEL CYCLE ANALYSIS:
On the August feeder cattle chart using the 4/6/20 cycle low $110.025 the
144 harmonic cycle was 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 feeder cattle reached
$146.40 on 8/12/20.
90 degrees from the 8/12/20 high on November feeder cattle chart was due 11/12/20
marked high on the March feeder cattle chart at $140.725 on 11/10/20.
Using the 8/12/20 high 144 degrees in time is due 1/5/21.
WEEKLY CYCLE ANALYSIS:
On the August feeder cattle weekly chart starting a cycle of 144 weeks the first
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.
WEEKLY BUY AND SELL SIGNALS:
There was a buy signal signal on the weekly March feeder cattle chart for
the week ending 10/30/20 if March feeders broke and closed over the previous week's
inner week high $129.25 and this buy signal was trigged with March feeders settling
on Friday 10/30/20 at $133.575.
There is neither a buy a sell on the weekly March 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.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
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