NORTH AMERICAN AG WEEKLY FEEDER CATTLE UPDATE 3/8/21
The following trades are hypothetical. Past results are not a
guaranty of future results
The weekly trend is UP on the March electronic feeder cattle chart with
the computer going long March feeder cattle on the weekly chart the week of
1/22/21 at $143.70 with the current trend generated stop at $132.675 (3/12/21).
Friday, March 5, 2021 March feeder cattle on the weekly chart settled the week
down $2.55 at $135.50.
The weekly trend is UP on the August electronic feeder cattle chart with
the computer going long August feeder cattle on the weekly chart the week of
1/22/21 at $151.475 with the current trend generated stop at $149.50 (3/12/21).
Friday, March 5, 2021 August feeder cattle on the weekly chart settled the week
up $1.90 at $153.55.
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 ANALYSIS:
144 degrees from the 10/19/20 low on August feeder cattle chart is due 3/14/21.
WEEKLY CYCLE ANALYSIS:
On the August feeder cattle weekly chart a minor red cycle was due the
week of 1/8/21 and a minor green is due the week of 2/19/21. The double
clue cycle is due the week of 5/14/21.
On the August feeder cattle weekly chart planetary support is at Uranus crossing at
$135.40 and Neptune crossing at $129.40. Planetary resistance is at Pluto crossing
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 a sell signal on the weekly August feeder cattle chart for the week
ending 3/12/21 if August feeder cattle break and close under last week's inner
week low $149.875.
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