NORTH AMERICAN AG WEEKLY LEAN HOGS UPDATE 1/21/19 

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

TECHNICAL SUMMARY:

The weekly trend is DOWN with the computer going short February lean hogs on the
weekly chart at $59.25 the week of 1/18/19 with current generated stop at
$64.225 (1/25/19).

Friday, January 18, 2019 February lean hogs on the weekly chart settled the week
down 1.45 at $61.20.


GANN WHEEL SUPPORT AND RESISTANCE:
  Support for February lean hogs measuring from the $69.50 high made 11/20/18:
144 cou = $65.60; 180 cou = $64.30; 270 cou = 61.65; 360 cou = $59.35.

$58.77 is the low posted on Monday 10/22/18.
On the February lean hog chart $51.225 is the low posted on 8/9/18.

Resistance for February lean hogs using the $51.125 low made 8/9/18.

450 cl = $63.15; 540 cl = $65.75; 720 cl = 71.00; 720 + 180 cl = $76.30.
$69.50 is current high on the February hog chart made 11/20/18.

$50.20 and $65.65 and $80.20 are pivot numbers on all hog charts.


GANN WHEEL CYCLE ANALYSIS:

On the February lean hog chart measuring from the 8/9/18 low 90 degrees in
time was due 11/9/18 (marked low at $59.25). 144 degrees was due 1/2/19 and
marked a high at $63.425 (close over it should be bullish).

On the June lean hog chart measured from the 11/23/18 high $85.525 90 degrees
in time is due 2/23/19.


WEEKLY CYCLE ANALYSIS:

A minor red cycle was due on the lead month weekly chart the week of 7/13/18
(came in a week early and marked a high at $84.07 - July was the lead month).
A minor green was due the week of 8/24/18 (marked low).

On the February lean hog chart a double clue cycle was due the week of 11/2/18 and
it came in the week of 10/26/18 and mark a cycle low at $58.775.

PLANETARY CYCLES:

On the February lean hog chart planetary chart resitance is the planetary cycle of
Jupiter crossing at $74.90.

On the February lean hog planetary chart the planetary cycle of Uranus crosses at
$48.60 and Neptune at $43.00.

On the weekly February lean hog planetary chart February hogs are at the Sun-Earth
cycle and could ride it upward.


WEEKLY REVERSAL PATTERNS:

There is a buy signal on weekly February lean hog chart for the week ending 1/25/19
if February lean hogs break and close over last week's inner week high $63.60.

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


** Hypothetical performance results have many inherent limitations some
which are described below:

No Representation is being made that any account will or is likely to
achieve profits or losses similar to those shown.  In fact there are
frequently sharp differences between hypothetical performance results
and the actual results subsequently achieved by any particular
trading program.  One of the limitations of hypothetical performance
results is they are generally prepared with the benefit of hindsight.
In addition hypothetical trading does not involve financial risk, and
no hypothetical trading record can completely account for the impact
of financial risk in trading.  For example the ability to withstand
losses or adhere to a particular trading program in spite of trading
losses are material points which can also adversely affect actual
trading results. There are numerous other factors related to the
markets in general or to the implementations of any specific trading
program which cannot be fully accounted for in the preparation of
hypothetical performance results and all of which can adversely
affect trading results.


** 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. 

 


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