08/23/2017 – Soybeans
November soybeans:
1. In Thursdays (August 17) Williams edge live meeting (and subsequent meetings) it was noted that November soybeans (then trading at approximately $9.31) was expected to advance to $9.38/$39, then pull back, then continue higher to $9.46/$47 into Wednesday, August 23.
2. Subsequently, November soybeans advanced first to $9.38/$39 on August 18 (swing high, $9.39). Then November soybeans had a pullback to $9.31 which was followed by a continuation advanced to $9.46/$47 on August 23 as forecast (August 23 swing high, $9.47. This successfully completes the two-step forecast. 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.