NORTH AMERICAN AG WEEKLY WHEAT UPDATE 12/16/19

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 March Chicago wheat on
the weekly chart the week ending 10/11/19 at $5.10 1/2 with current trend
generated stop at $5.01 3/4 (12/20/19).

Friday, December 13, 2019 March Chicago wheat on the weekly chart settled the week
up 9 cents at $5.33.

The weekly trend is DOWN with the computer going short March Minneapolis wheat on
the weekly chart the week ending 11/22/19 at $5.07 with current trend
generated stop at $5.44 1/4 (12/20/19).

Friday, December 13, March Minneapolis wheat on the weekly chart settled the
week up 13 3/4 cents at $5.25 3/4.

HARMONIC GANN WHEEL SUPPORT AND RESISTANCE:

Resistance for December Chicago wheat measured from the 5/13/19 low $4.42 1/4:
450 cl = $5.54; 540 = $5.78; 630 = $6.02; 720 cl = $6.36;  720 cl + 180 cl = $6.78.

$5.65 3/4 is the high posted on 6/27/19.

Support for December Chicago wheat measured from the 6/17/19 high $5.63 1/2:
360 cou = $4.74; 405 = $4.60; 450 cou $4.50 1/2.

$4.50 1/2 is the low posted by December Chicago wheat on 9/3/19.

HARMONIC GANN WHEEL CYCLE ANALYSIS:
On the December Chicago wheat using the 9/2/19 cycle low $4.50 1/2 the death
cycle started on 10/21/19 and ends on 10/28/19.

On the December Chicago wheat chart measuring from the 5/14/19 low $4.42 1/4
180 degrees in time was due 11/12/19.

WEEKLY CYCLE ANALYSIS:

On the December Chicago wheat chart using the 12/2/16 low $3.69 a cycle of 144
weeks was set to expire the week of 9/6/19 and it marked a cycle low at $4.50 1/2.
(the clue to this cycle of 144 weeks also marked a cycle low at $4.42 the week
of 5/10/19.)

PLANETARY CYCLES:
On the December Chicago wheat weekly chart support is at Neptune crossing at
$4.42.

Resistance is at Mars crossing at $6.20 and Jupiter crossing at $7.88.

Chicago wheat is riding the Sun-Earth cycle upward!!

WEEKLY REVERSAL PATTERNS:
There is a buy signal on the weekly March Minneapolis  wheat chart for the week
ending 12/20/19 if March Minneapolis wheat breaks and closes over last week's
inner week high $5.25 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 and
our first target is $5.81 hence sell enough wheat to cover the cost of production
when July Chcago wheat hits $5.75 or higher.

$5.81 is where the planetary cycle of Mars crosses the July Chicago wheat chart.

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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