CLICK THIS LINK FOR NEW WEEKLY WHEAT UPDATE 10/11/21

NORTH AMERICAN AG WEEKLY WHEAT UPDATE 10/4/21

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

TECHNICAL SUMMARY:

The weekly trend is UP with the computer going long December Chicago wheat on
the weekly chart the week ending 7/16/21 at $6.99 1/4 with current trend
generated stop at $6.75 (10/8/21).

Friday, October 1, 2021 December Chicago wheat on the weekly chart settled the week
up 34 3/4 cents at $7.57 3/4.

The weekly trend is UP with the computer going long December Minneapolis wheat on
up weekly chart the week ending 4/9/21 at $6.61 with current trend
generated stop at $8.57 (10/8/21). 

Friday, October 1, 2021 December Minneapolis wheat on the weekly chart settled the
up 13 cents at $9.29.

HARMONIC GANN WHEEL SUPPORT AND RESISTANCE:

Resistance for December Chicago wheat measured from the 9/10/21 low $6.77.
90 cl = $7.03; 144 cl = $7.18; 216 cl = $7.41; 270 cl = $7.57.

$7.69 1/2 is the high posted by the July Chicago wheat on 4/27/21.

Support for December Chicago wheat measured from the 8/13/21 high $7.86 1/2:

360 cou = $6.77 1/2.
 

HARMONIC GANN WHEEL CYCLE ANALYSIS:

On the March Chicago wheat chart measuring from the 3/31/21 low $5.92 1/4 a 144 degree in time
was due 8/23/21.

WEEKLY CYCLE ANALYSIS:

On the weekly December Chicago wheat chart the end of a cycle of 144 weeks was due
the week ending 9/4/20.

On the December Chicago wheat weekly chart a 84 week cycle was due the week
of 4/9/21 and marked a major cycle low at $6.01.

On the March Chicago wheat weekly chart using the 9/6/21 low $4.57 3/4 the double
clue cycle is due the of 10/1/21.

PLANETARY CYCLES:

On the March Chicago wheat weekly chart support is at Mars crossing at $7.20 and
resistance at Pluto crossing at $8.20.  The upper Uransu crosses at $9.55.

WEEKLY REVERSAL PATTERNS:

There is neither a buy or a sell signal on the weekly December Chicago wheat chart for the week
ending 10/8/21.

RECOMMENDATIONS:

Continue to use our computer generated stops and our seminar information for
your hedging. Best of both worlds!

We are using the planetary grain charts to make sales again this year and
our first target is $7.99 hence sell enough wheat to cover the cost of production
when December Chcago wheat hits $7.99 or higher.

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

This information is not to be construed as an offer to sell or a
solicitation or an offer to buy the commodities herein named.? The
factual information of this report has been obtained from sources
believed to be reliable, but is not guaranteed as to the accuracy,
and is not to be construed as representation by North American
Agricultural Services.

** 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.

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

 

 

 

 

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