NORTH AMERICAN AG WEEKLY LEAN HOGS UPDATE 8/27/18 

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

TECHNICAL SUMMARY:

The weekly trend is UP with the computer going long October lean hogs on the
weekly chart at $58.925 the week of 8/24/18 with current generated stop at
$48.825 (8/31/18).

Friday, August 24, 2018 October lean hogs on the weekly chart settled the week
DOWN $7.275 at at $51.425.


GANN WHEEL SUPPORT AND RESISTANCE:
  Support for October lean hogs measuring from the $71.50 high made 2/23/18:
720 cou = 51.70; 720 + 45 cou = $50.50; 720 + 90 cou = $49.50; 720 + 180 cou = 47.30.

$47.825 is the low posted on 8/9/18.

Resistance for October lean hogs using the $47.825 low made 8/9/18.

270 cl = $54.55; 360 cl = $57.00; 450 cl = $59.35.

$59.35 is the high made 8/20/18 on the October lean hog chart. 360 COU measured
from $59.35 is $50.20.


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


GANN WHEEL CYCLE ANALYSIS:

On the October lean hog chart measuring from the 2/23/18 high 180 degrees in
time is due 8/25/18.

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.

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.


WEEKLY REVERSAL PATTERNS:

There is a sell signal on weekly October lean hog chart for the week ending 8/30/18
if October lean hogs break and close under last week's inner week low $50.175.

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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