NORTH AMERICAN AG WEEKLY FEEDER CATTLE UPDATE 1/9/23

 

The following trades are hypothetical. Past results are not a 

guaranty of future results 

 

TECHNICAL SUMMARY: 

 

The weekly trend is DOWN on the January electronic feeder cattle chart with 

the computer going LONG January feeder cattle on the weekly chart the week of 

1/6/23 at $185.40 with the current trend generated stop at $180.30 (1/13/23).

 

Friday, January 6, 2023 January feeder cattle on the weekly chart settled the week

down 0.90 cents at $182.65.

 

HARMONIC GANN WHEEL SUPPORT AND RESISTANCE:

 

Using the $191.425 high made by the November feeder cattle contract on 8/19/22:

180 cou = $182.75; 270 cou = $178.55; 360 cou = 174.35

 

$170.80 is the current low made 5/20/22. 

 

Using the $170.80 low made 5/20/22 on the November feeder cattle contract:

360 cl = $187.75; 450 cl = $192.20. 

 

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. 

 

Starting from 5/20/22 low of 170.85 November feeder cattle have the following cycle 

dates; 144 degree is 10/13/22, 180 degree is 11/18/22, 216 degree is 12/25/22.

 

WEEKLY CYCLE ANALYSIS: 

 

On the January weekly feeder cattle 360 week chart the clue cycle is due the

week of 11/4/22 and the cycle expires 9/15/23.

 

 

PLANETARY CYCLES: 

 

On the April feeder planetary weekly chart resistance is a Uranus crossing at the

$199.70, Neptune at 193.65 and Pluto at 187.60.  Support is a Uranus at 160.70. Neptune 

crossing at $154.65 and Pluto at $148.60.

 

WEEKLY BUY AND SELL SIGNALS:

 

There is neither a buy signal or a sell signal on the January feeders weekly chart for 

the week ending  11/25/22.

 

 HEDGE RECOMMENDATIONS: 

 

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 

 

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.? 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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