NORTH AMERICAN AG WEEKLY SOYBEAN UPDATE 10/4/21
The following trades are hypothetical. Past results are not a
guaranty of future results
The weekly trend is DOWN for November soybeans with computer going short November
soybeans on the weekly chart the week of 6/18/21 at $13.25 3/4 with current
generated stop at $13.08. (10/8/21).
Friday, October 1, 2021 November soybeans on the weekly chart settled the week
down 36 1/4 cents at $12.47 3/4.
The weekly trend is DOWN for January soybeans with computer going short January
soybeans on the weekly chart the week of 6/18/21 at $13.27 with current
generated stop at $13.40 (10/8/21).
Friday, October 1, 2021 January soybeans on the weekly chart settled the week
down 37 1/4 cent at $12.57 1/4.
HARMONIC GANN WHEEL SUPPORT AND RESISTANCE:
On the November soybean chart using the $14.80 high made 6/7/21 support is:
144 cou = $14.21 1/2; 180 cou = $14.04; 216 cou = $13.989; 270 cou = $13.66;
360 cou = $13.30; 450 cou = $11.55.
On the November soybean chart using the $10.97 low made 1/25/21 wheel resistance:
360 cl = 12.33 1/2; 450 cl = $12.69 1/2; 720 cl = $13.78; 720 + 180 cl = $14.55 1/2.
ADD 45 cl to $14.55 1/2 = $14.71. Add 90 cl to $14.55 1/2 = $14.93.
$14.80 is the high made 6/7/21.
$7.50 and $10.45 and $12.55 are pivot number (they can mark lows or highs).
HARMONIC GANN WHEEL CYCLE ANALYSIS:
On the November soybean chart 144 degrees in time from the 3/18/20 low $8.36 3/4 was
due 8/12/20 and marked a cycle low at $8.65 1/4.
Measured from the 8/12/20 low the 84 market day cycle marked a cycle low at
$11.42 3/4 on 12/8/20. The 287 bean harmonic measured was due 5/21/21.
Using the 12/2/20 low the 287 bean harmonic was due 9/16/21.
WEEKLY CYCLE ANALYSIS:
On the November weekly soybean chart starting a 144 week cycle from 7/13/18 low
$8.26 3/4 the double clue cycle was due the week of 8/14/20 (marked a cycle low
at $8.65). The clue cycle marked the $10.22 1/4 the week of 12/4/20. The end of
the 144 week was due the week of 4/16/21.
Starting a cycle of 144 weeks measured from the 5/22/20 low $8.40 3/4 the midpoint
in time (or 1/2 cycle of 144) is due the week of 10/8/21.
On the March soybean chart support is at Uranus crossing at $8.42.
$8.36 3/4 is the low made 3/18/20 and $8.31 is low made 4/21/20.
On the November weekly soybean planetary chart support is at $12.42. Resistance is at
Pluto crossing $15.47.
WEEKLY REVERSAL PATTERNS:
There was a sell signal on the weekly November bean chart for the week ending 6/18/21 if November
soybeans broke and closed under the previous weeks inner week low $14.25 and this sell signal was
There is neither a buy or a sell signal on the weekly January soybean chart for the week
Continue to use our computer generated stops and our seminar information for
your hedging. Best of both worlds! .
Recommended on 2/27/21 When November soybeans reach $12.45 sale 33% of 2021 new crop
soybean production (November soybeans reached $12.48 on 3/5/21).
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