NORTH AMERICAN AG WEEKLY FEEDER CATTLE UPDATE 12/16/19

The following trades are hypothetical. Past results are not a
guaranty of future results

TECHNICAL SUMMARY:

The weekly trend UP on the January electronic feeder cattle chart with
the computer going long January feeder cattle the week of 10/11/19 at $139.75
with the current trend generated stop at $138.275 (12/20/19).

Friday, December 13, 2019 January feeder cattle on the weekly chart settled the week
up $4.70 at $146.50.

The weekly trend UP on the August electronic feeder cattle chart with
the computer going long August feeder cattle the week of 9/20/19 at $139.35
with the current trend generated stop at $145.90 (12/20/19).

Friday, December 13, 2019 August feeder cattle on the weekly chart settled the week
up $3.20 at $153.50.

HARMONIC GANN WHEEL SUPPORT AND RESISTANCE:
Using the $147.775 high made by the January contract on 11/12/19:
90 cou = $144.00; 120 cou = $142.85; 144 cou = $142.00; 180 cou = $140.25.

$138.275 is so far the low made on 11/22/19.

Using the $126.00 low made 9/9/19 on the January contract resistance is:
360 + 144 cl = $146.60; 360 + 180 cl = $148.25; 360 + 270 cl = $152.10.

HARMONIC GANN WHEEL CYCLE ANALYSIS:
On the November feeder cattle chart measured from the 4/18/19 high $162.70 the
a 144 harmonic cycle ended on September 9th. The cycle of 144 target is
$126.62. A cycle low was posted on 9/9/19 at $127.55.

On the January feeder cattle chart measured from the 4/18/19 high $159.725 the
233 cattle harmonic ended on December 7th.

On the January feeder cattle chart 90 degrees in time  measured from the 9/9/19
low $126.00 was due 12/9/19.

WEEKLY CYCLE ANALYSIS:

The August feeder cattle chart had a double clue cycle mark the 11/9/18 cycle low
at $145.92.  The clue cycle was due the week of 3/15/19 and marked a high
at $159.825 the week of 3/22/19.

On the November feeder cattle chart measured from the 10/21/16 low $109.90 a cycle
of 144 weeks was due the week of 7/26/19 (marked high $143.975).

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.

PLANETARY CYCLES:
Major resistance is at Neptune crossing the chart at $159.50 with a high posted
the week of 11/3/17 and 11/10/17 posted at $159.20. The October and November 2018
feeder cattle also found resistance there with high on the October posted on 9/14/18
at $159.90 and October posing a high at $159.725 on 10/1/18.

On the August feeder cattle chart Uranus is support crossing the chart at
$134.70 and at Neptuner crossing at $129.00. Resistance is at Mars
crossing the chart at $152.10 (11/11/19).

WEEKLY BUY AND SELL SIGNALS:
There is neither a buy or a sell signal on the weekly January feeder cattle chart
for the week ending 12/20/19.

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 1-605-367-9278

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
Agricultural Services.

** 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
strictly prohibited.

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