01/24/2017 – Soybeans
- January 24, 2017
- Soybeans
March soybeans:
1. In Mondays (January 23) Williams edge live meeting it was noted that any further test/attempt at $10.68/$.70 on the upside in March soybeans could be shorted for a decline to $10.50 or lower.
2. Subsequently, March soybeans advanced to $10.68 and reversed sharply lower and today, (Tuesday, January 24) completed the majority of the forecast decline to $10.50 (today’s swing low, $1051.2 cents, so far). 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.