NORTH AMERICAN AG WEEKLY CORN UPDATE 2/3/20

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 March corn on the weekly
chart the week ending 12/13/19 at $3.84 3/4 with current generated stop at
$3.71 (2/7/20).

Friday, January 31, 2020 March corn on the weekly chart settled the week
down 4 3/4 cents at $3.82.

The weekly trend is UP with the computer going long December 2020 corn on the
weekly chart the week ending 12/20/19 at $4.00 3/4 with current generated stop at
$3.87 3/4 (2/7/20).

Friday, January 31, 2020 December 2020 corn on the weekly chart settled the week
down 7 cents at $3.91.


HARMONIC GANN WHEEL SUPPORT AND RESISTANCE:

On the lead month corn contract $3.62 1/4 is the low made 11/27/19 wheel resistance:
90 cl = $3.82; 120 = $3.99 1/2; 144 cl = $3.93 1/2; 216 cl = $4.10 1/2.

$3.52 1/4 is the low made on 9/9/19 by the December 2019 contract.

On the December corn chart using the $3.52 1/4 low made 9/9/19:
144 cl = 3.85; 180 cl = 3.92; 216 cl = 4.00; 270 cl = $4.11; 360 cl = $4.31.

HARMONIC GANN WHEEL SUPPORT AND RESISTANCE:

$3.52 1/4 is the low 9/9/19 made on the December 2019 contract
$3.40 is the low made 9/9/19 by the September 2019 contract
$3.43 is the low made 5/14/19 by the July 2019 contract.
$3.38 1/4 is the low made 5/10/19 by the May 2019 contract.
$3.52 3/4 is the low made 3/12/19 by the March 2019 contract.
$3.42 1/2 is the low made 9/19/18 by the December 2018 contract.

HARMONIC GANN WHEEL CYCLE ANALYSIS:

Using the 10/14/19 high the death cycle ended on 12/8/19 marked low at
$3.77 1/2 on 12/11/19.

On the May corn chart using the 7/15/19 high $4.71 3/4 the 180 harmonic
cycle was due 1/11/20 and may mark the reversal up with the low posted that
day at $3.83 1/2 on the May corn chart.

On the May corn chart the midpoint in price is $4.26 1/2 and target $4.81.

WEEKLY CYCLE ANALYSIS:
On the December corn weekly chart the end of a cycle of 144 weeks was due the
week of 6/7/19 and marks a high at $4.53 1/4.

On the March corn weekly chart the double clue cycle to the corn cycle of 328 weeks
was due the week of 6/21/19 and marks the 2019 high at $4.76. The clue cycle is
due the week of 4/3/20.

Starting a 144 week cycle from the 5/17/19 low $3.43 on the July corn chart
the second division point was due the week of 1/24/20 and marks a high at
$4.03 1/4 the week of 1/17/20 and 1/24/20.

PLANETARY CYCLES:
On the March weekly corn chart support is at Jupiter crossing the chart at $3.60.

On the March weekly corn planetary chart resistance ia at Jupiter crossing at
$4.88 and Pluto crossing at $5.06.

Corn is now under the Sun-Earth cycle (it was riding it upward).

WEEKLY REVERSAL PATTERNS:

There is a buy signal on the weekly March corn chart for the week ending 2/7/20
if December corn breaks and closes over the previous week's inner week high
$3.88 1/4.

HEDGE RECOMMENDATIONS:

Continue to use our computer generated stops and our seminar information for your
hedging. Best of both worlds!

The planetary cycle of Pluto crosses the July monthly continuation chart
at $4.12 and Neptune crosses at $4.92. NOTE: The January 2018 seminar recommended making
some sales when July corn reached $4.12. $4.12 1/4 was the 2018 high made the week of
5/25/18.

The winter 2019 seminar pointed out $5.76 is target for corn but it might take to
2020 to get to it.  Recommended scaled up sales keeping $5.76 as possible.

Recommendation was made on 5/27/19: $4.32 give or take two cents is the first point
we can sell at. Also this is the point we cover the cost of production. $5.76 corn
is still possible!

Recommendation was made on 5/27/19: $4.56 give or take two cents is the second point
we will sell at. Also this is the the first point to make 15% of new crop sales.
$4.73 is the 2019 high so far made on 6/17/19.

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.ÿ 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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