NORTH AMERICAN AG WEEKLY FEEDER CATTLE UPDATE 1/31/22
The following trades are hypothetical. Past results are not a
guaranty of future results
The weekly trend is DOWN on the March electronic feeder cattle chart with
the computer going short March feeder cattle on the weekly chart the week of
1/28/22 at $159.90 with the current trend generated stop at $170.825 (2/4/22).
Friday, January 28, 2022 March feeder cattle on the weekly chart settled the week
down $3.95 at $159.525.
The weekly trend is UP on the August electronic feeder cattle chart with
the computer going short August feeder cattle on the weekly chart the week of
5/28/21 at $154.925 with the current trend generated stop at $174.50 (2/4/22).
Friday, January 28, 2022 August feeder cattle on the weekly chart settled the week
down $1.05 at $180.20.
HARMONIC GANN WHEEL SUPPORT AND RESISTANCE:
Using the $170.825 high made by the March feeder cattle contract on 12/31/21:
270 cou = $158.75; 360 cou = $154.70; 450 cou = $150.80.
$159.90 is the low made 12/20/21 by the March feeder cattle contract
Using the $159.90 low made 12/20/21 on the March feeder cattle contract:
270 cl = $171.10; 360 cl = $175.30; 450 cl = $179.50.
$170.825 is the current high on the March feeder cattle chart made 12/31/21.
HARMONIC GANN ANALYSIS:
On the August daily feeder cattle chart if we start a cycle of 233 from the 5/6/21
cycle low 141.525 the 233 harmonic is set to expire on 12/25/21 (if a 228 then it
expired on 12/20/21) The cycle low $174.40 came on on Monday 12/20/21.
WEEKLY CYCLE ANALYSIS:
On the January weekly feeder cattle chart a minor red cycle was due the
week of 12/31/21 and a minor green is due the week of 2/11/22.
On the January weekly feeder cattle chart there the midpoint in time was due the week
On the August feeder cattle weekly chart planetary resistance is at Uranus crossing at
$185.30 (there is a tandem top on the August feeder cattle chart with August
feeders posting a high on Friday 12/31/21 at $82.60 and again on Monday 1/3/22
WEEKLY BUY AND SELL SIGNALS:
There is a buy signal or a sell on the August weekly feeder cattle
for the week ending 2/4/22 if August feeder cattle break and close over
last weeks inner week high $180.925.
Continue to use our computer generated trades 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
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
** 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
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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