NORTH AMERICAN AG WEEKLY LIVE CATTLE UPDATE 2/3/20

The following trades are hypothetical.  Past results are not a
guaranty of future results

TECHNICAL SUMMARY:

The weekly trend is DOWN for April live cattle on the electronic weekly chart
with the computer going short April live cattle the week of 1/24/20 at $123.525
with current stop at $128.15 (2/7/20).

Friday, January 31, 2019  April live cattle on the weekly chart settled the week
down 4.625 at $119.675.

The weekly trend is DOWN for June live cattle on the electronic weekly chart
with the computer going short June live cattle the week of 1/24/20 at $117.425
with current stop at $119.80 (2/7/20).

Friday, January 31, 2019  June live cattle on the weekly chart settled the week
down 4.275 at $111.725.

     GANN WHEEL SUPPORT AND RESISTANCE:
Using the 1/30/19 low $119.25 April cattle have resistance at:
45 cl = $120.85; 90 cl = $122.70;  144 cl = $124.70.

$128.55 is the high for the move made on 12/13/19 and 12/16/19.

Using the $128.55 high April cattle have support at:
216 cou $120.25; 270 cou = $118.00; 360 cou = $114.60.

$119.25 is the low made 1/30/20.

$80.00 and $96.00 and and $110.65 and $112.55 are pivot points. 


HARMONIC GANN WHEEL CYCLE ANALYSIS:

On the April cattle chart measured from the 9/9/19 low $109.375 the
233 cattle harmonic ends on April 29th.  The midpoint in time of the 233
was due 1/4/19. The midpoint in price is $123.90 and target $138.50.

Measured from the 9/9/19 low a 84 market day cycle was due 1/6/19 and marked
a cycle low at $124.45 on the April cattle chart. It would be bearish if this
cycle low is broken and closed under.

WEEKLY CYCLE ANALYSIS:
On the June weekly cattle chart a cycle starting a 36 week cycle from the 9/9/19
cycle low $102.97 the first division point marked a cycle high the week of
1/17/20.  The second division point is due the week of 5/22/20.

PLANETARY CYCLES:
On the June live cattle chart support at Uranus crossing at $98.35.

On the June live cattle chart planetary resistance is at Mars crossing
at $122.00.

WEEKLY REVERSAL PATTERNS:
There was a sell signal on the weekly April live cattle chart for the week ending
1/3/20 if April live cattle broke and closed under the previous week's inner week low
$125.825 and they barely did it settling Friday 1/3/20 at $125.775.

There was a sell signal on the weekly April cattle chart for the week ending 1/24/20
if April cattle broke and closed under the previous week's inner week low $125.275.
and they did settle Friday 1/24/20 at $124.30.

There was a sell signal on the weekly April cattle chart for the week ending 1/31/20
if April cattle broke and closed under the previous week's inner week low $123.35
and this sell signal was triggered with April cattle settling Friday 1/31/20 at
$119.675.

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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