NORTH AMERICAN AG WEEKLY LIVE CATTLE UPDATE 1/31/22
The following trades are hypothetical. Past results are not a
guaranty of future results
The weekly trend is UP with the computer going long April live cattle on the weekly
chart at $137.125 the week of 10/8/21 with current generated stop at 139.00 (2/4/22).
up $.775 at $143.175.
GANN WHEEL SUPPORT AND RESISTANCE:Using the $145.85 high made on 12/29/21 April live cattle have support at:
90 cou = 142.05; 144 cou = $139.50; 270 cou = $134.55.
$140.025 is the low made 1/11/22.Using the $140.025 low made 1/11/22 April cattle have resistance at:
90 cl - $143.90; 144 cl = $146.40; 270 cl = $151.60.
So far the high is $143.775 made 1/19/22.$80.00 and $96.00 and and $110.65 and $112.55 are pivot numbers.
HARMONIC GANN WHEEL CYCLE ANALYSIS:On the August live cattle chart using the 10/20/20 low $102.375 the 233 cattle
harmonic was due 6/10/21 and marked the $117.225 low on 6/8/21.
On the February cattle chart a 233 cattle harmonic was due 12/25/21 measured from the
May 6, 2021 low (if a 228 then it was due 12/20/21). Note the low occurred on Monday
12/20/21 at $139.925.
A minor red cycle was due 12/31/21 and a minor green is due the week of
Planetary resistance on the weekly June live cattle chart is Uranus crossing at
($139.75 is the current high on June live cattle chart).
WEEKLY REVERSAL PATTERNS:There is neither a buy or a sell signal for the week ending 2/4/22 on the weekly
June live cattle chart.
Continue to use our computer generated trades and our seminar
information for your hedging. Best of both worlds.
North American Ag
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Phone 1-605-367-9278This 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
** 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
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