07/24/2017 – Soybeans
November soybeans:
1. In Fridays (July 21) Williams edge live meeting it was noted that November soybeans (then trading at approximately $10.18) were expected to decline and test $9.98/$97 into Wednesday, July 26 (+/-1 day). Additionally, aggressive traders were instructed to short the market upon any break of $10.14 for the above-noted decline.
2. Subsequently, November soybeans gapped slightly below $10.14 and today (Monday, July 24) completed the forecast decline to $9.98/$97 (today’s session low, $998.20, so far). This successfully completes the forecast/trade. Will message any further entry or indication in November soybeans.
David Williams
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.