NORTH AMERICAN AG WEEKLY SOYBEAN UPDATE 10/31/16 

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

TECHNICAL SUMMARY:

The weekly trend is UP for May soybeans with computer going long May
soybeans on the weekly chart the week of 10/28/16 at $10.11 with current
generated stop at $9.59 3/4 (11/4/16).

Friday, October 28, 2016 November soybeans on the weekly chart settled the week
up 18 1/4 cents at $9.84.

HARMONIC GANN WHEEL SUPPORT AND RESISTANCE:
  Support for May soybeans measuring from the $10.42 1/2 high posted 10/27/16.
45 cou = $10.28, 90 cou = $10.11; 120 cou = $10.0; 144 cou =$9.92..

$9.37 is the low made 9/1/16

Resistance for May soybeans measuring from the 8/2/16 low $9.37 1/4:

315 cl = $10.45;360 cl = $10.63; 450 cl = $10.95.

$10.42 1/2 is the high made on Thursday 10/27/16.

HARMONIC GANN WHEEL CYCLE ANALYSIS:
 
Measured from the 3/2/16 low $8.68 on the daily November soybean chart 144
degrees in time was due 7/26/16 and marks the tandem bottom low $9.63 made
on 7/25/16 and 7/26/16.

Measured from the 6/13/16 high 90 degrees in time was due 9/12/16 marks the
low $9.40 1/2 on 9/14/16.  144 degrees in time is due 11/7/16.

WEEKLY CYCLE ANALYSIS:

A minor red cycle was due the week ending 8/5/16 and a minor green was due the
week ending 9/16/16 measured from the 9/4/15 low $8.65 on the November weekly
soybean chart.

$10.45 and 12.55 are pivot number (they can mark lows or highs).

PLANETARY CYCLES:

The planetary cycle of Jupiter crosses the November weekly chart at $9.42
and is support.

Saturn crosses the chart at $10.71 and is resistance.

Resistance on the planetary November soybean weekly chart is Neptune crossing
at $12.20 and Uranus crossing aat $12.93.


  WEEKLY REVERSAL PATTERNS:

There is neither a buy or a sell signal on the weekly May soybean chart for the week ending
11/4/16.

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. 

 

 

 

Next Page