NORTH AMERICAN AG WEEKLY WHEAT UPDATE 12/5/16 

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

TECHNICAL SUMMARY:

The weekly trend is DOWN with the computer going SHORT July KC wheat on
the weekly chart the week ending 12/2/16 at $4.35 1/2 with current trend
generated stop at $4.58 3/4 (12/9/16).

Friday, December 2, 2016 July KC wheat on the weekly chart settled the
week settled down 20 at $4.32 1/2.

HARMONIC GANN WHEEL SUPPORT AND RESISTANCE:

Measuring from the $5.69 3/4 high on the July KC Chicago wheat chart made 6/8/16.
540 cou = $4.35

$4.24 1/2 is the contract low posted on 12/1/16.

Resistance for July KC wheat measured from the 12/1/16 low $4.24 1/2:
90 cl = $4.45; 144 cl = $4.56 1/2; 216 cl = $4.75;

HARMONIC GANN WHEEL CYCLE ANALYSIS:

90 degrees in time from the 8/30/16 contract low $4.33 is due 11/30/16.

  WEEKLY CYCLE ANALYSIS:

On the July KC wheat chart the second midpoint in time is due 1/20/17.


PLANETARY CYCLES:

Saturn crosses the July KC wheat chart at $3.85 and is support.

Neptune crosses the chart at $5.11 and is resistance.

WEEKLY REVERSAL PATTERNS:

There is a buy signal on the July KC wheat weekly chart for the week ending
12/9/16 if July KC wheat breaks and closes over last week's inner week high
$4.55 1/4.

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

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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