NORTH AMERICAN AG WEEKLY LEAN HOGS UPDATE 3/8/21
The following trades are hypothetical. Past results are not a
guaranty of future results
The weekly trend is UP with the computer going long April lean hogs on the
weekly chart at $71.55 the week of 12/4/20 with current generated stop at
Friday, March 5, 2021 April lean hogs on the weekly chart settled the week
unchanged at $87.375.
The weekly trend is UP with the computer going long June lean hogs on the
weekly chart at $83.80 the week of 1/8/21 with current generated stop at
Friday, March 5, 2021 June lean hogs on the weekly chart settled the week
up $1.05 at $95.25.
GANN WHEEL SUPPORT AND RESISTANCE:
Using the $96.375 high made 2/25/21 June hogs have wheel support at:
90 cou = $93.30; 144 cou = $91.50; 180 cou = $90.35.
Resistance for June lean hogs using the $76.925 low made 11/19/20.
360 cl = $88.40; 450 cl = $91.40; 720 cl = $100.70.
$50.20 and $65.65 and $80.20 are pivot numbers on all hog charts.
GANN WHEEL CYCLE ANALYSIS:
On the June lean hog chart 90 degrees in time from the 11/19/20 low $76.925 was
WEEKLY CYCLE ANALYSIS:
On the June lean hog weekly chart a minor red cycle was due the week of 12/18/20
and a minor green cycle is due the week of 3/19/21. The mid point in time is
due the week of 9/3/21.
On the June lean hog planetary resistance is at Jupiter crossing the chart
at $83.80 and Neptune crossing at $88.875.
WEEKLY REVERSAL PATTERNS:
There is neither a buy signal or a sell signal on the weekly June lean hog chart for the
week ending 3/12/21.
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