NORTH AMERICAN AG WEEKLY WHEAT UPDATE 8/27/18 

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 KC wheat on
the weekly chart the week ending 8/3/18 at $5.92 1/2 with current trend
generated stop at $5.06 3/4. (8/31/18).

Friday, August 24, 2018  December KC wheat on the weekly chart settled the week
down 45 1/4 cents at $5.476 3/4.

HARMONIC GANN WHEEL SUPPORT AND RESISTANCE:

Resistance for December KC wheat measured from the 1/16/18 low $4.78 1/4:
216 cl 5.45; 270 cl = $5.56; 360 cl = 5.70; 450 cl = $5.93; 360 + 180 cl = $6.17 1/2.

$6.26 is the high posted on 8/7/18.

Support for December KC wheat measured from the 8/7/18 high 6.26:
120 cou = $5.92; 144 cou = $5.87 1/2; 180 cou = 5.77; 216 cou = 5.67.

$5.60 3/4 is the low posed on 8/15/18.

HARMONIC GANN WHEEL CYCLE ANALYSIS:

Measured from the 7/12/18 low the death cycle starts on 8/26/18 and ends on
9/5/18.

  WEEKLY CYCLE ANALYSIS:

On the December KC wheat weekly chart the a minor red cycle is due the week of
8/31/18 and a minor green is due the week of 10/12/18.

On the monthly December Minneapolis wheat chart at cycle of 144 months measured
from the 4/30/05 low $3.10 1/2 ended the month of April 2017 and marked a
major cycle low. The first division point past the 144 month is due the
month of October 2018.

PLANETARY CYCLES:

On the March KC wheat chart the 2017 high was posted at $6.13 3/4 on
9/5/17. The planetary cycle of Neptune crossed at $6.12 at that time.

On the March KC wheat chart the 2018 high was posted at $6.29 1/2 on
5/29/18. The planetary cycle of Neptune crossed at $6.17 at that time.

On the March KC wheat chart the planetary cycle of Saturn crosses at
$5.55 and is support. Below Saturn is Jupiter crossing at $5.20. 

The March KC wheat has reached the Sun - Earth cycle and rode it upward.
Currently March KC wheat is below the Sun-Earth cycle.


WEEKLY REVERSAL PATTERNS:

There was a sell signal on the weekly December KC wheat chart for the week ending
8/24/18 if December KC wheat broke anc closed under the previous week's inner week low
$5.60 3/4 and this sell signal was triggered with March settling Friday 8/24/18 at
$5.46 3/4.

HEDGE 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.

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.ÿ 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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