02/10/2018 – Soybeans
March soybeans:
1. In last Monday’s (02/05) Williams edge meeting it was noted that if March soybeans could close above $9.74, a tradable advance to $9.83/$84 would be expected into the following day Tuesday, 02/06.
2. Subsequently, March soybeans closed hourly above $9.74 (at $9.76) for aggressive long entry. The following day (Tuesday 02/06) completed the $9.83/$84 upside target. This successfully completes the forecast//trade. Will message any further entry or indication in March 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.