NORTH AMERICAN AG DAILY SOYBEAN UPDATE 8/29/11
DAILY REVERSAL PATTERNS:
Sell signal for Nov soybeans on Monday, August 29, 2011 if price trades
below 1386 1/4.
HARMONIC GANN WHEEL SUPPORT AND RESISTANCE:
Support for Nov soybeans measuring from the 14.26 high.
45 degrees = 14.07; 90 degrees = 13.88
Resistance for Nov soybeans measuring from the 12.82 low.
360 degrees = 14.29 1/4; 450 degrees = 14.67
HARMONIC GANN WHEEL CYCLE ANALYSIS:
Measuring from the 5/6/11 cycle low of 12.87 1/4 Nov soybeans had a
harmonic cycle of 90 degrees due on 8/4/11.
WEEKLY TREND FOLLOWING STOP:
On the week ending 8/26/11 the weekly Nov soybean chart went LONG at
$13.94 1/2 with current trend following stop at $12.82. (9/2/11)
WEEKLY REVERSAL PATTERNS:
Weekly sell signal for Nov soybeans the week ending 9/2 if price trades
below 1371.
WEEKLY CYCLE ANALYSIS:
A cycle of 144 weeks is set to expire the week ending 8/26/11.
HEDGE RECOMMENDATIONS:
Continue to use our computer generated trades and our seminar
information for your hedging. Best of both worlds!
Dave Gleason
North American Ag
752 E. Greenbrier Place
Sioux Falls, SD 57108
Phone 1-605-367-9278
** 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 retransmission of this
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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