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

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

TECHNICAL SUMMARY:

The weekly trend DOWN on the May electronic feeder cattle chart with
the computer going short May feeder cattle the week of 1/24/20 at $145.45
with the current trend generated stop at $151.475 (2/7/20).

Friday, January 31, 2020 May feeder cattle on the weekly chart settled the week
down $5.15 at $139.325.

The weekly trend DOWN on the August electronic feeder cattle chart with
the computer going short August feeder cattle on the weekly chart the week of
1/24/20 at $140.85 with the current trend generated stop at $156.50 (2/7/20).

Friday, January 31, 2020 August feeder cattle on the weekly chart settled the week
down $4.875 at $146.325.

HARMONIC GANN WHEEL SUPPORT AND RESISTANCE:
Using the $151.475 high made by the May contract on 1/10/20:
180 cou = $143.90; 216 cou = $142.55; 270 cou = $140.05; 360 cou = $136.30.

$138.075 is so far is the low made on 1/30/20 by the May contract.

Using the $138.075 low made 1/30/20 on the May contract resistance is:
90 cl = $141.85; 144 cl = $143.85; 180 cl = $145.65; 270 cl = $149.45.

HARMONIC GANN WHEEL CYCLE ANALYSIS:

On the May feeder cattle chart measured from the 9/8/19 low $128.325 the
144 harmonic cycle ends on February 2, 2020.

On the May feeder cattle chart measured from the 9/8/19 low $128.325 the
233 cattle harmonic ends on April 30, 2020.

WEEKLY CYCLE ANALYSIS:

On the August feeder cattle weekly chart starting a cycle of 144 weeks the first
division point past the end of the cycle of 144 weeks was due the week of 11/22/19
and marked a cycle low at $145.90.  The second division point past is the week of
4/3/20.

PLANETARY CYCLES:

On the August feeder cattle chart Uranus is support crossing the chart at
$134.70 and at Neptuner crossing at $129.00. Resistance is at Mars
crossing the chart at $153.50 (1/11/20).

WEEKLY BUY AND SELL SIGNALS:
There is a buy signal on the weekly August feeder cattle chart for the week ending
2/7/20 if August feeders break and close above last week's inner week high
$150.275.

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.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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