NORTH AMERICAN AG WEEKLY FEEDER CATTLE UPDATE 8/19/19

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

TECHNICAL SUMMARY:

The weekly trend is UP on the November electronic feeder cattle chart with
the computer going long November feeder cattle the week of 7/12/19 at $141.225
with the current trend generated stop at $132.45 (8/23/19).

Friday, August 16, 2019 November feeder cattle on the weekly chart settled the week
down $5.475 at $132.475.

HARMONIC GANN WHEEL SUPPORT AND RESISTANCE:
Support for November feeders using the $162.70 high made 4/19/19.

360 + 180 cou = $139.40; 360 + 270 cou = $135.65; 720 cou $132.05.
720 + 90 cou = $128.55; 720 + 180 cou = $124.75.

On the November feeder cattle chart $132.45 is the low made on 6/25/19.

Using the 132.45 low November feeders have resistance at:
270 cl = 143.60; 360 cl = 147.40; 450 cl = 151.20.

HARMONIC GANN WHEEL CYCLE ANALYSIS:

Measured from the 4/18/19 high on the November feeder cattle chart 90 degrees
in time was due 7/18/19 and mark a minor cycle low at $139.475.

On the November feeder cattle chart measured from the 6/25/19 low $132.45
the death cycle starts on August 7th and ends on August 17th.

On the November feeder cattle chart measured from the 4/18/19 high $162.70 the
233 cattle harmonic ends on December 7th (if a 228 then it ends on 12/2/19).


WEEKLY CYCLE ANALYSIS:

The August feeder cattle chart had a double clue cycle mark the 11/9/18 cycle low
at $145.92.  The clue cycle was due the week of 3/15/19 and marked a high
at $159.825 the week of 3/22/19.

On the November feeder cattle chart measured from the 10/21/16 low $109.90 a cycle
of 144 weeks was due the week of 7/26/19.

PLANETARY CYCLES:

Major resistance is at Neptune crossing the chart at $159.50 with a high posted
the week of 11/3/17 and 11/10/17 posted at $159.20. The October and November 2018
feeder cattle also found resistance there with high on the October posted on 9/14/18
at $159.90 and October posing a high at $159.725 on 10/1/18.

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 $149.00.

WEEKLY BUY AND SELL SIGNALS:

There was a sell signal on the weekly November feeder cattle chart for the week ending
8/16/19 if November feeders broke and closed under the previous week's inner week
low $135.10 and this sell signal was triggered with November feeders settling
Friday 8/16/19 at $132.47.

There is a buy signal on the weekly November feeder cattoe chart for the week
ending 8/23/19 if November feeders break and close over last week's inner
week high $136.30.

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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