NORTH AMERICAN AG WEEKLY LEAN HOGS UPDATE 10/31/16
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 hogs on the weekly
chart at $63.325 the week of 7/1/16 with current generated stop at $50.45 (11/4/16).
Friday, October 28, 2016 December lean hogs on the weekly chart settled the week
up $4.975 at $47.05.
GANN WHEEL SUPPORT AND RESISTANCE:
Support for December lean hogs measuring from the $67.325 high made 6/13/16:
720 cou = 48.20; 720 + 180 cou = 43.80; add 45 = $42.95, add 90 = $41.80.
$41.10 is the low made 10/5/16.
Resistance for December lean hogs measuring from the $40.70 low posted 10/19/16.
180 cl = $44.80; 270 cl = $47.90, 360 = $49.20.
GANN WHEEL CYCLE ANALYSIS:
120 degrees from the 6/15/16 high $67.25 on the Dec hog chart is due on 10/16/16.
WEEKLY CYCLE ANALYSIS:
On the February lean hog weekly chart the clue cycle is due the week of 12/23/16.
Jupiter is resistance on the February lean hog weekly chart crossing the chart
The planetary cycle of Neptune crosses at $42.50.
WEEKLY REVERSAL PATTERNS:
There is neither a buy or a sell signal on the weekly December lean hog chart for
the week ending 11/4/16.
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
NOTE: I am the adviser you are the decision maker. I have obligation
to give you my opinion because you purchased my report; you are
responsible for your decision whether to except my opinion and act on
it or not. DG