NORTH AMERICAN AG WEEKLY LEAN HOGS UPDATE 1/31/22
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 April lean hogs on the
weekly chart at $89.575 the week of 11/26/21 with current generated stop at
$83.60 (2/4/22).
Friday, January 28, 2022 April lean hogs on the weekly chart settled the week
down .025 at $94.925.
GANN WHEEL SUPPORT AND RESISTANCE:
Using the $97.50 high made 1/26/22 February hogs have support at:
90 cou = $94.40; 120 = $93.50 and 144 cou = $92.45.
Using the $83.60 low made on 1/14/22 April lean hogs have resistance at:
360 cl = $96.55; 450 cl = $98.70.
$97.50 is the current rally high made on 1/26/22.
GANN WHEEL CYCLE ANALYSIS:
On the April lean hog chart 90 degrees in time from the 10/28/21 low $78.10
low was due 1/29/22.
$120.55 is the high on the August hog chart made 6/7/21.
GANN WHEEL CYCLE ANALYSIS:
WEEKLY CYCLE ANALYSIS:
On the July lean hog weekly chart using the 7/10/20 low $43.775 the
midpoint to a cycle of 144 weeks was due the week of 11/26/21 and
marked a temporary high at $97.875.
A 84 week cycle is due the week of 2/18/22.
PLANETARY CYCLES:
On the July lean hog planetary resistance is at Pluto crossing the chart
at $123.90 and Neptune crossing at $130.60.
On the July lean hog planetary support is at Uranus crossing at $93.02 and
Neptune crossing at $86.90.
WEEKLY REVERSAL PATTERNS:
There is neither a buy or a sell signal on the weekly April lean hog chart for week
ending 2/4/22.
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
** Hypothetical performance results have many inherent limitations some
which are described below:
No Representation is being made that any account will or is likely to
achieve profits or losses similar to those shown. In fact there are
frequently sharp differences between hypothetical performance results
and the actual results subsequently achieved by any particular
trading program. One of the limitations of hypothetical performance
results is they are generally prepared with the benefit of hindsight.
In addition hypothetical trading does not involve financial risk, and
no hypothetical trading record can completely account for the impact
of financial risk in trading. For example the ability to withstand
losses or adhere to a particular trading program in spite of trading
losses are material points which can also adversely affect actual
trading results. There are numerous other factors related to the
markets in general or to the implementations of any specific trading
program which cannot be fully accounted for in the preparation of
hypothetical performance results and all of which can adversely
affect trading results.
** 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.
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