NORTH AMERICAN AG WEEKLY LEAN HOGS UPDATE 10/4/21
The following trades are hypothetical. Past results are not a
guaranty of future results
The weekly trend is DOWN with the computer going short December lean hogs on the
weekly chart at $82.65 the week of 6/18/21 with current generated stop at
Friday, October 1, 2021 December lean hogs on the weekly chart settled the week
up 8.125 at $85.30.
GANN WHEEL SUPPORT AND RESISTANCE:
Using the $86.25 high made 7/27/21 December hogs have wheel support at:
360 cou $77.15; 450 cou = $72.20.
The low so far was made on 9/16/21 at $71.27.
Resistance for December lean hogs using the $74.125 low made 6/24/21.
360 cl = $85.40; 450 cl = $88.40.
$89.55 is the contract high on the December lean hog chart made 6/11/21.
$120.55 is the high on the August hog chart made 6/7/21.
$50.20 and $65.65 and $80.20 are pivot numbers on all hog charts.
GANN WHEEL CYCLE ANALYSIS:
Using the December lean hog contract high made on 6/10/21 the death cycle
started on July 25th and ended on August 3rd. 90 degrees from 6/10/21 is
WEEKLY CYCLE ANALYSIS:
On the October lean hog weekly chart using the 4/10/20 low $48.00 the
midpoint to a cycle of 144 weeks was due the week of 8/27/21.
On the December lean hog chart the 84 week cycle measured from the 4/10/20
low is due 11/12/21.
On the December lean hog planetary resistance is at Pluto crossing the chart
at $81.80 and Jupiter crossing at $86.20.
On the December lean hog planetary support is at Mars crossing at $71.50.
WEEKLY REVERSAL PATTERNS:
There was a sell signal on the October weekly lean hog chart for week ending 6/18/21 if October
lean hogs broke and closed under the previous week's inner week low $95.025 and this sell signal was
There was a sell signal on the weekly October lean hog chart for the week ending 7/30/21 if October
lean hogs break and close under the previous week's inner week low $89.075 and this sell signal was
There was a sell signal on the weekly December lean hog chart for the week ending 9/10/21 breaks and
closes under last week's inner week low $81.45 and this sell signal was triggered with December hogs
posint a weekly low on 9/10/21 at $75.775 and settling at $76.10.
There is no buy or sell signal for the week ending 10/8/21.
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
** 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. Next Page