NORTH AMERICAN AG WEEKLY LEAN HOGS UPDATE 6/17/19 

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 August lean hogs on the
weekly chart at $90.275 the week of 4/10/19 with current generated stop at
$89.65 (6/21/19).

Friday, June 14, 2019 August lean hogs on the weekly chart settled the week
down $2.575 at $80.05.

The weekly trend is DOWN with the computer going shot October lean hogs on the
weekly chart at $78.175 the week of 6/7/19 with current generated stop at
$82.95 (6/21/19).

Friday, June 14, 2019 October lean hogs on the weekly chart settled the week
down $2.65 at $74.625.


GANN WHEEL SUPPORT AND RESISTANCE:

Support for August lean hogs using the $102.97 high made 3/22/19.

360 + 270 cou $81.60; 720 cou = $78.80; 720 + 45 cou = $77.25

$82.625 is the low made 6/7/19.

Resistance for August lean hogs using the $82.625 low made 6/7/19.

90 cl = %85.55; 144 cl = $87.25; 270 cl = $91.55.

$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 measured from the 11/23/18 high $85.525 90 degrees
in time was due 2/23/19 ($72.20 low was posted on 2/20/19).

On the August lean hog chart 90 degrees from the 2/20/19 low was due May 21st
and marks the 5/20/19 minor high at $95.525. 120 degrees is due June 21st.


WEEKLY CYCLE ANALYSIS:

On the June lean hog chart the clue cycle was due the week of 3/2/19 (marked the
lowest close on a Friday 3/1/19). The end of the 144 week is due the week of 7/5/19.
The mid point in price for the this cycle of 144 weeks is $103.00.


PLANETARY CYCLES:

On the June lean hog chart Jupiter is currently planetary resistance crossing
at $123.80. Then Pluto and Saturn together at $130.35. And Neptune crosses at
$141.50.

On the June lean hog chart Neptune is major planetary support crossing at $68.80
with immediate planetary support at Uranus at $78.15.

WEEKLY REVERSAL PATTERNS:

There is a buy signal on weekly August lean hog chart for the week ending 6/21/19
if August hogs break and close over last week's inner week high $85.35.

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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