NORTH AMERICAN AG WEEKLY LEAN HOGS UPDATE 8/19/19 

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 October lean hogs on the
weekly chart at $77.425 the week of 8/2/19 with current generated stop at
$81.975 (8/23/19).

Friday, August 16, 2019 October lean hogs on the weekly chart settled the week
down $4.875 at $62.00.


GANN WHEEL SUPPORT AND RESISTANCE:

Support for October lean hogs using the $95.30 high made 4/18/19.

720 + 180 cou = $67.05 720 + 360 = $61.90.

$61.525 is the low made 7/9/19 and $67.475 is the low made 8/5/19.

Resistance for October lean hogs using the $61.525 low made 8/5/19.
270 cl = %69.25; 360 cl = $71.85; 450 cl = $74.57.

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


GANN WHEEL CYCLE ANALYSIS:

On the October lean hog daily chart meauring from the 8/5/19 low $61.225 the
death cycle starts on 9/19/19 and ends on 9/29/19.

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 was due the week of 7/5/19.

On the October lean hog weekly chart measured from the 10/7/16 low $47.62 the
end of the 144 week cycle was due the week of 7/19/19 and marks the $67.425 low
made the week of 7/12/19. The first division point past the 144 week is due the
week of 11/15/19.

On the October hog cycle of 144 chart the midpoint in price is $83.65.


PLANETARY CYCLES:

On the October lean hog chart Pluto is resistance crossing at $83.30 and above
there Neptune crosses 88.30 and major resitance is at Uranus crossing at 94.40
(October 2019 high was posted at $95.30 the week of 4/19/19).

WEEKLY REVERSAL PATTERNS:

There was a sell signal on weekly October lean hog chart for the week ending 8/2/19
if October hogs broke and closed under previous week's inner week low $77.95 and this
sell signal was triggered with October lean hogs settling Friday 8/2/19 at $65.925.

There is a sell signal on weekly October lean hog chart for the week ending 8/23/19
if October hogs break and close under previous week's inner week low $62.00.

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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