NORTH AMERICAN AG WEEKLY SOYBEAN UPDATE 3/21/22
The following trades are hypothetical. Past results are not a
guaranty of future results
The weekly trend is UP for July soybeans with computer going long July
soybeans on the weekly chart the week of 11/19/21 at $12.87 3/4 with current
generated stop at $15.45 1/2 (3/25/22).
down 10 cents at $16.43 1/2.
The weekly trend is UP for November soybeans with computer going long November
soybeans on the weekly chart the week of 11/19/21 at $12.57 1/2 with current
up 22 3/4 at $14.03 (3/25/22).
down 26 1/2 cents at $14.63 1/2.
HARMONIC GANN WHEEL SUPPORT AND RESISTANCE:
450 cou = $11.55 ($11.71 1/4 is the low made the week of 11/12/21).
On the November soybean 2022 chart using the $11.71 1/4 low made 11/12/21 wheel resistance:
360 + 180 cl = $13.85; 720 cl = $14.62; 720 + 180 cl = $15.38.
On the May soybean chart $12.04 1/2 is the low made on 11/12/21 the
720 + 180 cl wheel number $15.77 1/2. Add 45 cl is $15.96 1/2. Add 90
$15.77 1/2 is $16.17 1/2. Add 144 cl is $16.40.
$7.50 and $10.45 and $12.55 are pivot number (they can mark lows or highs).HARMONIC GANN WHEEL CYCLE ANALYSIS:
Using the 11/12/21 low 90 degrees in time was due 2/11/22.
Using the 11/12/21 low the 287 bean harmonic is due 8/26/22.
Starting a cycle of 144 weeks measured from the 5/22/20 low $8.40 3/4 the midpoint
in time (or 1/2 cycle of 144) was due the week of 10/8/21.
PLANETARY CYCLES:On the May weekly soybean planetary chart support is at Uranus crossing
at $15.28. Resistance is at Pluto crossing $20.00.
WEEKLY REVERSAL PATTERNS:There is neither a buy or a sell signal on the weekly November soybean chart for the
week ending 3/25/22.
Continue to use our computer generated stops and our seminar information for
your hedging. Best of both worlds! .
North American Ag
752 E. Greenbrier Place
Sioux Falls, SD 57108
** Hypothetical performance results have many inherent limitations some
which are described below:
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
01/01/2004. Removal requests can be sent to this address and will be honored
and respected. firstname.lastname@example.org
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